UAE Launches Trade, Investment Promotion In Nigeria

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BY INNOCENT ODOH, Abuja The Embassy of the United Arab Emirates in Nigeria has commenced a series of Trade and Investment promotion activities aimed at

The Embassy of the United Arab Emirates in Nigeria has commenced a series of Trade and Investment promotion activities aimed at bolstering the bilateral trade and investment volume between Nigeria and the UAE.

The statement said that Nigeria has been chosen among the 34 selected countries globally participating in the initiative because of its pivotal position as a top investment market in the West African region and its overall economic influence in Africa. He said “As the ninth largest exporter to Nigeria globally, the UAE continues to see Nigeria, the largest economy in Africa, as an important, trusted partner. For decades, both countries have continued to nurture strong bilateral relations, particularly in the areas of trade and investment. To date, we remain Nigeria’s largest trade partner in the Middle East region, accounting for 35 per cent of Nigeria’s total trade with the region.

In his remarks, The UAE Minister of State for Foreign Trade H.E Dr. Thani Ahmed Al Zeyoudi is confident the UAE/Nigeria ties will continue to grow in areas of trade and investment. “UAE and Nigeria relationship is witnessing a positive development dominated by cooperation, respect and mutual interests. The two countries are enjoying growth rates of bilateral trade while the volume of non-oil trade while the volume of non-oil trade exchange reached 1.

 

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