DUBAI: The United Arab Emirates’ non-oil foreign trade has exceeded $1 trillion for the first time, marking a major milestone in the country’s economic diversification journey, UAE Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum announced on Sunday.
In a post on social media platform X, Sheikh Mohammed said the UAE’s non-oil trade reached AED 3.8 trillion, registering a robust 26 per cent increase compared to the previous year. He described the achievement as a clear indicator of the strength and resilience of the UAE’s diversified economic model.
According to the figures shared, non-oil exports surged to AED 813 billion, reflecting a strong year-on-year growth of 45 per cent. Sheikh Mohammed noted that the country has already achieved 95 per cent of the non-oil trade targets set for 2031 — five years ahead of schedule.
“The investment ecosystem is complete, international partnerships have doubled, and cooperation with the private sector has strengthened,” he said, expressing confidence that the UAE economy will continue to expand and diversify further.
Sheikh Mohammed also called on national teams to accelerate their efforts and deepen engagement with the private sector, emphasising that stronger partnerships would be key to building a more competitive and sustainable economic future for the country.
Story by Sibt-e-Arif
