360° Coverage : UAE-Africa trade may reach $30 bn in 2013

UAE-Africa trade may reach $30 bn in 2013

Nairobi, June 28 (IANS) Trade between the United Arab Emirates (UAE) and Africa is expected to jump to $30 billion in 2013, a UAE government official said here.

Jun 27 2013, 10:36pm CDT | by

UAE-Africa trade may reach $30 bn in 2013
Photo Credit: ANWAR AMRO, Getty Images

Nairobi, June 28 — Trade between the United Arab Emirates (UAE) and Africa is expected to jump to $30 billion in 2013, a UAE government official said here.

This will represent a 27 per cent increase in bilateral trade from the previous year, the UAE ambassador to Kenya reported Xinhua citing Abdulrazak Hadi as telling reporters Thursday.

"Due to Africa's fast growing economies, we expect total bilateral trade between UAE and Africa to hit $30 billion in 2013," Hadi said during a UAE trade mission to Kenya and Tanzania between 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.

Statistics from the trade ministry indicate that Kenyan imports from the UAE exceeded exports by approximately $630 million in 2012.

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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