UAE-Saudi trade soars to AED 417 billion in five years

123RF

Saudi Arabia remains one of the top trading partners of the UAE.

Non-oil trade exchange between the two countries reached AED 107.4 billion in 2018, to register a 37 per cent year-on-year increase.

Meanwhile, overall figures over the past five years have exceeded AED 417 billion.

The UAE's Ministry of Economy has released the stats to coincide with the 89th National Day of Saudi Arabia.

There are more than 4,000 Saudi trademarks registered in the Emirates, while AED 16 billion is the value of direct Saudi investments in the UAE.

Speaking to ARN News, Dr. Reeem Osman, the CEO of Saudi German Hospitals Group, hailed the close business ties between the countries.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 11:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • Lunch with Lloyd

    11:00am - 2:00pm

    No one knows entertainment better than veteran Dubai broadcaster Mark Lloyd.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.

  • FARMER'S KITCHEN

    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!