Page 626 - MOE ENGLISH PR REPORT

Page 626 - MOE ENGLISH PR REPORT - JULY 2024

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7/10/24, 5:04 PM UAE and Japan discuss the latest developments in the comprehensive strategic partnership
platform aims to provide its services in the Asia-Pacific region, with a primary focus on Japan.

The UAE is a source of about 60% of foreign direct investment flows to Japan from the Middle East
during the year 2023, while the UAE attracted about 82% of the total Japanese investments in the Middle
East countries during the same year (an increase of 71% from the year 2022), mainly covering diverse

sectors such as technology, renewable energy and transportation.

It is worth noting that the total trade exchange between the two countries in 2023 amounted to about
$47.4 billion (including petroleum products), while non-oil trade exchange amounted to about $15.6
billion during 2023, achieving a growth of 6.1% compared to 2022. The UAE is considered as the first

trading partner to Japan in terms of exports and imports to the Gulf Cooperation Council countries, as
the country receives 47% of Japan’s exports to the GCC countries.