Page 630 - MOE ENGLISH PR REPORT - JULY 2024

The 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 percent of foreign direct investment flows to
Japan from the Middle East during the year 2023, while the UAE attracted about 82
percent of the total Japanese investments in the Middle East countries during the same
year (an increase of 71 percent from the year 2022), mainly covering diverse sectors
such as technology, renewable energy and transportation.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 percent 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 percent of
Japan’s exports to the GCC countries.

https://www.gulftoday.ae/business/2024/07/05/uae-and-japan-discuss-latest-developments-sign-
more-mous