Trade between UAE and Saudi Arabia crossed $17.8bn in first half of the year – The National

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UAE

Trade between UAE and Saudi Arabia crossed $17.8bn in first half of the year – The National

Trade between the UAE and Saudi Arabia totalled AED65.7 billion ($17.88bn) in the first half of 2022, with the kingdom ranking as one of the top three trading partners of the Emirates, official figures showed.

The UAE and Saudi Arabia, the Arab world’s two biggest economies, have strong trade and economic ties.

Between 2012 and 2021, Saudi Arabia was the UAE’s fourth-largest trading partner, with a total trade value of Dh904.3bn, or 5.6 per cent of the UAE’s total international trade, state news agency Wam reported on Thursday, citing data from the Federal Competitiveness and Statistics Centre (FCSC).