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FINANCIAL NEWS
India to remain UAE top export destination
17 Sep 2014
(MENAFN) The UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as the second largest export market, displacing the US, Khaleej Times reported.
India, which is on track to become the world’s fifth-largest exporter of goods by 2030 in value terms, is expected to be back as the UAE’s top export and import destination by the same timeline.
In addition to India and China, Malaysia, and Turkey are predicted also join the list as the fastest-growing export markets for the UAE between 2017 and 2030.
In terms of sectors, infrastructure and construction, tourism, retail and government investments in technology will continue to be the main drivers of the UAE’s economy going forward.
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