10.6 thousand new Indian economic licenses entered the UAE market during the first quarter

Abdullah bin Touq Al -Marri, Minister of Economy, emphasized that the UAE and the Republic of India have historical and strategic economic relations, which are witnessing rapid growth and continuous monster, in light of the support and care of the wise leadership in the two friendly countries, and a common vision to enhance cooperation in the new economy sectors, based on defense and innovation, in a way that contributes to advancing the wheel of economic growth and achieving sustainable development, and meets aspirations and visions The future of the two countries.

Abdullah bin Touq, in statements to the Emirates News Agency “WAM” on the occasion of the visit of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense and Chairman of the Executive Council of Dubai to the Republic of India, said that India is an important economic and pivotal partner for the UAE at the regional and global levels, which is reflected in the indicators of comprehensive economic partnership that has achieved tangible quality developments, which has positively reflected on an economy The two countries, especially in light of the great capabilities that the two sides possess to enhance cooperation opportunities in areas of mutual interest.

Abdullah bin Touq pointed out that the tourism sector is one of the most prominent sectors in economic cooperation between the two countries, as India is one of the five largest markets for tourism to the UAE, with the country receiving more than two million Indian tourists annually, and the movement of aviation between Emirati and Indian cities is witnessing continuous growth of 555 flights per week through UAE Airways, which reflects the depth of economic and human ties between the two countries.

Abdullah bin Touq explained that the number of Indian commercial licenses operating in the UAE exceeded 245 thousand and 593 licenses by the end of 2024, an increase of 20.73 % compared to 2023, and covers various activities that include various economic sectors, while the number of new Indian economic licenses that entered the UAE market during the first quarter of 2025 is more than 10 thousand and 675 licenses, which confirms the position that the Indian business community has as a partner Strategic for the business sector in the UAE.
Abdullah bin Touq said that the UAE and India share close visions and trends towards building a sustainable economy based on innovation and advanced technology, supported by the governmental and private sectors in both countries, which opens new horizons for cooperation in a number of vital sectors, including “renewable energy, advanced technology, financial services, and the space sector, as well as strategic projects in the areas of food security and transportation.”

Abdullah bin Touq stressed that the economists of the two countries are among the fastest growing in the world, as the GDP of the UAE’s gross domestic product achieved 4.5% during the first nine months of 2024, while the Indian economy achieved 6.2% in the last quarter of last year, which reflects the dynamics of the markets of the two countries and the increasing momentum in the framework of their comprehensive economic partnership.