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FINANCIAL NEWS
UAE, Saudi trade hits USD22.88bn
16 Apr 2017
(MENAFN) Trade between UAE and Saudi Arabia accounted for AED84bn, whereas the whole value of Emirati projects in KSA is estimated at AED15bn.
Accordingly, the UAE and KSA enjoy massive export potential and are the two major economies in the Arab world, with a joint Gross National Product of USD2tr.
On the other hand, it was also highlighted potential collaboration in the logistics sectors, while over 1.9mn Saudi citizens’ travel to the UAE yearly.
Meanwhile, there are chances for co-op and exchange of expertise in civil aviation, airports and the proposed intra-GCC railway network.
MENAFN1604201700450000ID1095393976
MENAFN1604201700450000ID1095393976
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