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FINANCIAL NEWS
UAE, S. Africa to boost trade ties
10 May 2016
(MENAFN) S. Africa and the UAE aim to enhance trade and investment relations, whereas the two sides have maintained a strong political and economic relationship.
Furthermore, there is a sharp growth in whole trade between both countries from USD 0.81bn in 2011 to more than double that amount- USD 1.91bn in 2015.
Additionally, main S. African exports to the UAE involve base metals and allied products, foodstuff like fruit and vegetables, steel for construction.
Accordingly, 17 FDI projects were posted as investments into S. Africa from the UAE, introducing a whole capital investment of USD 163.31mn.
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