Accra:Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, met with Gan Kim Yong, Deputy Prime Minister and Minister for Energy, Trade and Industry of Singapore, and Dr. Tan See Leng, Minister for Energy, Trade and Industry, to discuss enhancing trade and investment cooperation between the two nations.
According to Emirates News Agency, the meeting focused on expanding partnership opportunities and capitalizing on emerging economic prospects. It was attended by Dr. Abdulnasser Jamal Al Shaali, UAE Ambassador to Singapore, and covered a range of mutual interests, particularly in increasing bilateral trade and investment.
The discussions emphasized the exchange of expertise to support sustainable economic growth and explored ways to encourage companies and investors to turn opportunities into practical projects. This aims to strengthen the private sector's role in driving economic cooperation.
Al Zeyoudi highlighted that the partnership with Singapore continues to grow, especially in trade and investment. He stressed the importance of empowering private sectors and facilitating trade and investment flows, which will unlock new opportunities for both countries' companies and investors.
During his visit, Al Zeyoudi also engaged with representatives of Singapore's private sector, including investors and business leaders. These meetings focused on expanding mutual investment and identifying new areas of partnership between the business communities of both nations, reinforcing the private sector's role in economic growth and market integration.
Bilateral non-oil trade between the UAE and Singapore reached US$6.54 billion in 2025, a 25.3% increase from US$5.2 billion in 2024. The UAE is Singapore's largest trading partner in the Middle East, and UAE direct investment in Singapore totaled US$5.12 billion from 2021 to 2025. Additionally, approximately 230 Singaporean companies operate in the UAE, with key sectors being real estate, hospitality and tourism, energy, telecommunications, and transportation and warehousing.