Arab Today, arab today uaeafrica trade expected to hit 30bn in 2013
Last Updated : GMT 08:50:37
Arab Today, arab today
Arab Today, arab today

UAE-Africa trade expected to hit $30bn in 2013

Arab Today, arab today

Arab Today, arab today UAE-Africa trade expected to hit $30bn in 2013

Nairobi - XINHUA

Trade between UAE and Africa is expected to jump to 30 billion U. S. dollars in 2013, a UAE government official said on Thursday. UAE Ambassador to Kenya Abdulrazak Hadi told journalists in Nairobi that this will represent a 27 percent increase in bilateral trade from the previous year. \"Due to Africa\'s fast growing economies, we expect total bilateral trade between UAE and Africa to hit 30 billion dollars in 2013,\" Hadi said during an UAE trade mission to Kenya and Tanzania on June 23-29. The visit comes after high level talks between the two nations following the inauguration of Kenya\'s new government two months ago. Senior UAE government officials and more than 25 UAE companies will visit the region to explore trade and investment opportunities. He added that the volume of trade and investment between Kenya and UAE will expand as UAE\'s private sector is seeking opportunities in Kenya\'s aviation, mining, education, renewable energy, oil, gas and manufacturing sectors. UAE Ministry of Economy Undersecretary Abdulla Al Saleh said Kenya will remain a strategic partner for the UAE, as it is the largest economy in east African. He said the UAE is eager to boost further its business and investment relations with Kenya, as the African nation is recognized as east Africa regional trade and finance hub. He noted that bilateral trade between Kenya and the UAE has been expanding steadily over the past five years. \"In 2012 it reached close to 1 billion dollars,\" the UAE official said. According to the UAE, there are more than 40,000 Kenyans living in the Gulf country, most of whom are in the hospitality and construction sectors. Kenyan Foreign Affairs Cabinet Secretary Amina Mohamed said bilateral trade is in currently in favor of the Arab nation. Data from the Ministry of Trade indicates that Kenyan imports from the UAE exceeded exports by approximately 630 million dollars in 2012.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uaeafrica trade expected to hit 30bn in 2013 Arab Today, arab today uaeafrica trade expected to hit 30bn in 2013

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uaeafrica trade expected to hit 30bn in 2013 Arab Today, arab today uaeafrica trade expected to hit 30bn in 2013

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday