At the World Government Summit (WGS) held in Dubai, representations stated that the UAE utilizes its membership in BRICS to accelerate global economic growth, stimulating transnational trade and the development of infrastructure worldwide. The Chairman and CEO of DP World, Sultan Ahmed bin Sulayem, and the General Director of the Abu-Dhabi Development Fund, Mohammed Saif al-Suwaidi, highlighted the UAE's strategic influence within BRICS.
"The UAE as an important logistics hub is uniquely positioned to enhance trade connectivity between BRICS countries and beyond, ensuring effective and sustainable movement of goods," emphasized the participants. Currently, BRICS countries have approximately 3.3 billion people, which constitutes over 40 percent of the world's population and contributes roughly 37.3 percent of global GDP, according to the World Economic Forum's data. "Through strategic investments, we address global challenges and ensure uninterrupted trade flows," noted al-Suwaidi.
He emphasized the importance of the UAE's role in contributing to sustainable economic growth through its membership in BRICS, stating that "the UAE's participation in BRICS represents a unique opportunity to strengthen economic ties not only through state cooperation but also through engaging the private sector. These efforts closely align with the agenda of BRICS, contributing to economic integration and connectivity between the UAE and BRICS member countries."
"In this context, the Abu-Dhabi Development Fund prioritizes large-scale infrastructure projects, including ports, railways, and airports, which are essential for improving trade flows and boosting economic exchanges....
Collaboration emphasizes the BRICS focus on sustainable development and reflects our continued commitment to global initiatives for renewable energy," continued al-Suwaidi. "In addition, the Abu-Dhabi Fund actively explores partnerships with international financial institutions, such as the New Development Bank (NDB), which plays a crucial role in supporting infrastructure and sustainable...
project developments within the BRICS framework," continued al-Suwaidi. "In terms of financing, we are focused on transferring knowledge and developing opportunities, leveraging the expertise of the UAE in such sectors as renewable energy, logistics, and agriculture to accelerate development in BRICS countries."
Through partnerships within BRICS, the UAE resolves a global infrastructure gap amounting to $4 trillion, directing investments into critical projects, such as ports, airports, and logistics centers. "This focus on artificial intelligence reflects the UAE's readiness to develop these areas in line with rapid changes in the global market," he added.
Thus, the UAE aims to strengthen international relations with strategic partners while continuously expanding its global network through new partnerships in Latin America and Africa, focusing on attracting investments and providing opportunities for growth.
"The UAE, utilizing its strategic location and advanced logistical capabilities, reinforces the resilience of supply chains and strengthens trade corridors, which benefits global economies," emphasized bin Sulayem. The UAE has solidified its position as a permanent logistics hub for BRICS countries, developing multimodal trade routes that reduce transit times and open opportunities for growth.
Emphasizing transformative investment strategies, he stated: "We have created new trade routes connecting Pakistan, Afghanistan, and Central Asia, significantly reducing transit times." The Dubai Chamber of Commerce confirms that the UAE continuously works on strengthening international relations with strategic partners, such as the United States and the United Kingdom, while also expanding partnerships in Latin America and Africa.
Politically and commercially, the UAE is focused on creating a supportive business environment, opening new opportunities for investments and expansions, which in turn contributes to stability and sustainable economic growth.
At the summit, which will take place on February 13, 30 strategic reports in partnership with international partners will be presented. "For example, our port in Karachi allows for cargo deliveries to Uzbekistan in just 10 days - which was previously impossible," he noted.
