Al -Zyoudi: The economic partnership between the UAE and Angola contributes to increasing inter -trade to 10 billion dollars annually by 2033
Abu Dhabi, August 25 / WAM / His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of Foreign Trade, confirmed that the comprehensive economic partnership agreement between the UAE and the Republic of Angola expands the scope of the state’s connection to sub -Saharan Africa and Western Africa markets, a high -growth region that looks forward to accelerating its development path through strategic investments and partnerships.
His Excellency added in a statement to the Emirates News Agency “WAM” that the Republic of Angola is one of the most promising countries in the region thanks to the composition of its young population, the abundance of its natural resources and the growth of its gross domestic product, which reached 4.4% in 2024, indicating that this agreement allows construction on the current recovery in bilateral trade, especially in the sectors of precious stones, minerals, mining, digital trade and agricultural technologies.
He explained that the strategic geographical location of Angola on the Atlantic Coast of South Africa gives it the ingredients for the transformation into a pivotal logistical center.
On the current situation of trade and investment between the UAE and the Republic of Angola, His Excellency Dr. Thani Al -Zyoudi pointed out that the bilateral relations between the two countries, which started since 1997, witnessed a remarkable development, as the volume of non -oil trade reached 2.17 billion US dollars in 2024, which represents a growth of 2.6% compared to the year 2023. The UAE’s non -oil exports to Angola amounted to 135.6 million dollars An American, while the volume of non -oil trade in the first half of 2025 reached about $ 1.4 billion, an increase of 29.7% compared to the first half of 2024.
His Excellency explained that the most important imports of the UAE from Angola in 2024 included diamonds, gold, bars, skewers, alloys, busy and unspected copper and grains, and these products combined 99.8% of the total imports. As for the most important exports of the UAE to Angola, the light drops of oil, iron, steel, taps, valves, structures, metal parts, cigarettes and perfumes included, and these exports combined 50% of the total state exports to Angola.
He added that the most important re -export goods to Angola in 2024 included large and medium -sized cars, diesel trucks, auto parts and mechanical parts, and these goods constituted 50% of the total re -exported goods.
His Excellency stressed that there are great opportunities to expand commercial and investment relations quickly in vital sectors that include energy, infrastructure, mining, logistical services, tourism and health care, pointing out that prominent Emirati companies are already participating in projects within Angola such as Abu Dhabi Future Energy Company “Masdar” that develops a project for solar energy with a capacity of 150 megawatts to provide renewable energy for about 90 thousand homes, and Dubai For Investment “that builds the” Dubai Investment Complex – Angola “on an area of 2000 hectares, and” Abu Dhabi Ports “, which recently started operating a multi -purpose station in Luanda Port.
On the goals of the agreement, His Excellency explained that it is an essential pillar in achieving the economic targets of the UAE, as foreign trade is a major driver for growth, and the state aims to raise the value of foreign trade to 4 trillion dirhams “1.1 trillion US dollars” by 2031 and double the value of exports during the same period.
His Excellency added that the agreement with Angola will contribute to achieving these goals by canceling or reducing customs duties, removing unnecessary barriers to trade, opening markets to service exports, creating an effective mechanism to resolve commercial conflicts and setting a comprehensive framework for digital trade.
His Excellency expected that the agreement will contribute to increasing the volume of intra -non -oil trade to more than 10 billion US dollars annually by 2033, adding about one billion dollars to the gross domestic product of both countries, and providing approximately 30 thousand new jobs, as well as establishing the role of the UAE as a basic center for global supply chains and a major link between the Arab world, Europe, Asia and Africa.
His Excellency pointed out that the agreement is balanced and achieves gains for both sides, as it provides additional imports from Angola with a value of up to 993.6 million dollars in products such as glass, fish, fruits, visual products, and also provides opportunities to increase Emirati exports with a value of up to 235 million dollars in products that include machines, electrical equipment, plastic materials, rubber, iron minerals, chemicals and metal products.
He added that the agreement will enhance cooperation in service sectors such as business, logistical services, construction, engineering, health care, education, environment, finance, communications, tourism and travel, explaining that the services sector represents the second largest economic sector in Angola with a contribution of approximately 40% of the gross domestic product.
His Excellency stressed the agreement will support small and medium -sized companies by mitigating the current commercial restrictions and providing a platform for cooperation between the support centers, incubators, speeds, export centers and projects owned by youth, women and startups, in addition to establishing a specialized committee for this category to provide them with the tools needed to benefit from opportunities. His Excellency said that the agreement will enter into force as soon as the certification procedures from both countries end, and with the start of their implementation, direct benefits will appear immediately, including simplifying customs procedures, reducing fees and increasing access to mutual markets.
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