The UAE aims to effect 4 trillion -oil -external trade within two years

According to the Vice President and VAE Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum in a tweet on the “X” platform, the UAE is expected to reach a foreign trade abroad to 4 trillion dirhams within two years. The volume of foreign trade in the Emirates rose 18.6% during the first quarter to score 835 billion dirhams. Although the International Monetary Fund has reduced its expectations for the growth of the UAE during the current and next year, it still leads the countries of the Arab region in terms of the expected growth during 2025, according to the “Global Economy Prospects” report released by the fund early last month. The director of the Department of Middle East and Central Asia at the Fund Jihad Azour said in previous statements that high growth in the UAE is mainly due to the wealth of non -oil sectors, and due to investment in infrastructure and the growth of the service and financial sectors. See also: The IMF has reduced its expectations for UAE growth, which has not been shaken by the countries of the region over the past year, the foreign trade has increased to 3 trillion dirhams with an annual growth of 14.6% compared to 2023. Ministry of the UAE Ministry was issued, according to the UAE ministry, not “WAM” today. The state’s GDP grew 4% last year to 1.77 trillion dirhams, and the non -oil sector in the local economy contributed to a 75% rate with a value of 1.34 trillion dirhams, while the value of sectors and oil activities reached 434 billion dirhams. The International Monetary Fund is of the opinion that growth in the UAE this year will record by 4%, which is the highest expected rate among Arab countries, but it is less than the previous estimates announced by the fund during October and reached 5.1%. In 2026, the fund expects that growth in the UAE economy will reach 5%, a slight decrease of 0.1% from the expectation of October.