A new era is dawning in UAE-Saudi relations

 

The United Arab Emirates and the Kingdom of Saudi Arabia have a long history of friendship. These two nations are the dominant economic players in the Middle East and North Africa region.

The diplomatic relations between Saudi Arabia and the UAE grew after the Arab Spring uprisings of 2011. They sought improved relations in various sectors, including tourism, financial services, petrochemicals, and technological sectors.

The trade relations between the UAE and Saudi Arabia have increased in recent years. The UAE is also among the top 10 trading partners of the Kingdom.

Non-oil foreign trade between the UAE and Saudi Arabia jumped 70 percent over the last ten years, hitting 136 billion dirhams ($37 billion) by the end of 2022.

The UAE and the US featured in the top 10 destinations for Saudi exports. On the import side, Saudi imports to the UAE was estimated to be SR3.6 billion. Last year, non-oil imports from Saudi Arabia to the UAE were estimated to be 34 billion dirhams. The non-oil exports from the UAE to Saudi Arabia was estimated to be 35.6 billion dirhams.