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 explore ways to enhance trade and investment cooperation between the UAE and Singapore.
According to Emirates News Agency, the meeting, attended by Dr. Abdulnasser Jamal Al Shaali, UAE Ambassador to Singapore, focused on expanding bilateral trade and investment. Discussions highlighted the importance of sharing expertise to support sustainable economic growth and encouraging businesses and investors from both nations to pursue practical projects that bolster the private sector's role in economic collaboration.
Al Zeyoudi emphasized the growing partnership between the UAE and Singapore, particularly in trade and investment sectors. He noted the commitment to strengthening ties between business communities, empowering private sectors, and facilitating trade and investment flows to uncover new opportunities. The UAE aims to deepen cooperation with Singapore in priority sectors and foster more diversified and sustainable trade and investment relations.
During his visit, Al Zeyoudi engaged with Singapore's private sector representatives, including investors and business leaders, to discuss expanding mutual investment and identifying new partnership areas. These discussions aim to leverage the potential of both markets and enhance the private sector's role in economic growth and market integration.
Bilateral non-oil trade between the UAE and Singapore reached USD 6.54 billion in 2025, marking a 25.3% increase from USD 5.2 billion in 2024. The UAE is Singapore's largest trading partner in the Middle East, with UAE direct investment in Singapore amounting to USD 5.12 billion from 2021 to 2025. Approximately 230 Singaporean companies operate in the UAE, with key sectors including real estate, hospitality and tourism, energy, telecommunications, and transportation and warehousing.