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10/17/24, 5:13 PM UAE-Serbia CEPA expected to add $351 million to GDP by 2032: Al Zeyoudi - TAG91.1 - PINOY TALAGA!
He noted the agreement aims to stimulate trade and investment flows, bolster cooperation, and build private sector
partnerships in both countries. It also seeks to empower business communities, promote investment, and facilitate
knowledge exchange, as well as activate opportunities for joint developmental projects in important sectors such as

logistics and food security.

The minister added that the agreement contributes to leveraging the economic opportunities that Serbia possesses,
particularly in terms of manufacturing capabilities, skilled labour, and abundant mineral resources.

He expected that the agreement will add $351 million to the UAE's GDP by 2032. “The total non-oil bilateral trade

between the UAE and Serbia reached $122.9 million in 2023, and is expected to reach $500 million in non-oil foreign
trade with Serbia over the next five years.”

Dr. Al Zeyoudi added that FDI between the two countries has increased toward high-priority sectors, including
renewable energy, agriculture, food security, infrastructure and logistics services.

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