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Dr. Sultan Al Jaber held a meeting with Taro Kono, Minister of Digital Transformation,
where the two sides affirmed their keenness to cooperate in the field of advanced
technology and digital transformation, including artificial intelligence and its applications

in various vital sectors, supporting and encouraging related industries, and working to
explore investment opportunities and joint projects in these areas.

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.sharjah24.ae/en/Articles/2024/07/05/UAE-Japan-discuss-developments-in-
comprehensive-strategic-pship