Emphasising the deep historic relations between the UAE and Spain, Al Zeyoudi pointed out that both leaderships remain equally keen to enhance the existing cooperation as part of their respective economic development visions.
Al Zeyoudi said, “The bilateral trade figures demonstrate the rapid growth of the UAE-Spain economic relations. Our non-oil trade exchanges exceeded US$2.6 billion in 2022. The UAE’s non-oil exports to Spain totalled US$360 million last year while re-exports amounted to US$181 million.”
He added, “We are keen to strengthen our economic and trade partnership with Spain. Spain has become the UAE’s third biggest European partner in 2022 as it received 8 percent of the UAE’s total non-oil exports to the EU countries. In addition, the Spanish market is a key global market that enjoys special attention from the UAE’s business community. The UAE’s total investments in Spain reached approximately US$3.8 billion by the end of 2021 while Spanish foreign direct investment (FDI) in the UAE totalled US$72 million by the end 2020.”
The meeting explored means to enhance existing economic and trade relations between the two countries and diversify them in sectors of common interest.
For an optimal experience, please
