DUBAI - The United Arab Emirates' non-oil trade in goods touched a record 3 trillion dirhams ($816.86 billion) by the end of 2024, Prime Minister Shaikh Mohammed bin Rashid Al Maktoum said in a post on X on Wednesday.
The Gulf state's non-oil foreign trade increased by 14.6% last year from the previous year, the post on X noted.
The UAE is widely considered to be the Gulf region's tourism and business hub and has invested heavily in trade and logistics infrastructure, as well as policy, to bolster long-term economic growth.
Since 2021, it has initiated a raft of bilateral trade, investment and cooperation deals - called Comprehensive Economic Partnership Agreements (CEPAs), and has so far negotiated deals with countries ranging from India and Indonesia to previous political foes Israel and Turkey, as well as smaller states.
"The UAE is different from the global economic flock... and different from the traditional global trade growth flock... because the economy comes before politics...," the prime minister, who is also the ruler of Dubai, said in his post.
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