Vice-President and Prime Minister of the UAE, ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum, announced that the country's foreign trade operations have reached a historical milestone, achieving 3 trillion dirhams by the end of 2024. "At this pace, we will achieve this result within the planned timeframe," noted HH. Underlining the future vision of the UAE, HH emphasized: "The UAE is shaping its own economic future, focusing on progress rather than politics. Our priority is to strengthen economic partnerships with nations around the world, as prosperity is built on stability." "The UAE has a clear vision and ambitious plans," concluded HH. "My brother, His Highness Sheikh Mohammed bin Zayed, has long strengthened economic ties with countries around the world... Today we see the results." At that time, as global trade grew only by 2% in 2024, the UAE's foreign trade operations expanded seven times faster, achieving an impressive growth rate of 14.6%. HH added that agreements on comprehensive economic partnerships, led by Sheikh Mohammed bin Zayed, added 135 billion dirhams to the UAE's non-oil trade with partner countries - an exceptional increase of 42% compared to the previous year. "In 2021, we set a goal to reach 4 trillion dirhams in annual non-oil trade by 2031. By the end of 2024, we will have already achieved 75% of this goal. In this world, success belongs to those who know exactly where they are going."
