RIYADH: Economy, has said that the UAE enjoys solid bilateral relations with Saudi Arabia, and that the two countries are brought together by strong ties based on shared cultures, history and noble Islamic and Arab values. He went on to say that the relations between the two countries represent a unique model of Gulf and Arab cooperation that is witnessing constant growth, in light of the will of their leadership to enhance their relations.
He also highlighted their economic similarities, such as their expertise in commerce, investment and economic development, which will make the committee a vital platform for developing plans, strategies and initiatives that will support their efforts to achieve development and prosperity. There are many facts and economic and commercial indicators that support the cooperative efforts of the two countries, most notably that the percentage of their combined real GDP is expected to exceed 46 percent of the real GDP of Arab countries between 2017 and 2018, compared to a 41 percent average for the previous period between 2000 and 2016, which is highlighted by a report from the Arab Investment and Export Credit Guarantee Corporation, Dhaman. The UAE and Saudi Arabia also control almost 53 percent of the total foreign trade of Arab countries in terms of goods and services,” Al Mansouri explained.
Saudi Arabia is fourth internationally as the UAE’s leading trading partner, with the total value of their non-oil commercial exchange being around US$19.
He also highlighted their economic similarities, such as their expertise in commerce, investment and economic development, which will make the committee a vital platform for developing plans, strategies and initiatives that will support their efforts to achieve development and prosperity. There are many facts and economic and commercial indicators that support the cooperative efforts of the two countries, most notably that the percentage of their combined real GDP is expected to exceed 46 percent of the real GDP of Arab countries between 2017 and 2018, compared to a 41 percent average for the previous period between 2000 and 2016, which is highlighted by a report from the Arab Investment and Export Credit Guarantee Corporation, Dhaman. The UAE and Saudi Arabia also control almost 53 percent of the total foreign trade of Arab countries in terms of goods and services,” Al Mansouri explained.
Saudi Arabia is fourth internationally as the UAE’s leading trading partner, with the total value of their non-oil commercial exchange being around US$19.
