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7/9/25, 5:01 PM UAE And India Explore Avenues For Enhancing Economic And Industrial Collaboration During The Upcoming Stage
H.E. further highlighted significant areas of alignment in both countries' development strategies, including the circular
economy, advanced manufacturing, tourism, healthcare, entrepreneurship, innovation, and technology.

H.E. Bin Touq said,“Economic collaboration between the UAE and India continues to strengthen, with notable growth in
business activities. In the first half of 2025 alone, 22,415 new Indian companies entered the UAE market, an increase of
over 10 per cent compared to the same period in 2024. By the end of June 2025, the total number of Indian companies
operating in the UAE reached 264,687. During the meeting, we discussed strategies to enhance communication between
business communities of the two countries and to encourage the establishment of diverse ventures across vital economic
sectors.”

H.E. noted that the UAE has an adaptable and competitive legislative and economic environment that stimulates industrial
investments across the world. The manufacturing sector contributed 13.5 per cent to the UAE's non-oil GDP in 2024,
ranking as the second on the list of economic activities contributing most to the non-oil GDP of the national economy.
Additionally, the foreign direct investment (FDI) in this vital sector reached approximately AED 40 billion (USD 10.9 billion)
by the end of 2022, representing 7 per cent of the country's total FDI inflows.

The meeting also explored the key enablers and competitive advantages of the UAE's business environment for Indian
companies, along with strategies to maximize these benefits. Among the highlighted strengths were the UAE's strategic
location connecting East with West, its comprehensive economic partnerships, advanced infrastructure, diverse logistics
services, and tax incentives that encourage the establishment of diverse economic and investment activities.

Both sides emphasized the importance of enhancing collaboration between the public and private sectors to facilitate the
exchange of expertise and best practices, aimed at adopting latest technologies across sectors related to the new economy.
This supports the building of a knowledge-based, technology-driven economy and fosters sustainable economic
development.

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