The UAE is the largest exporter of Romania to the GCC countries.

660 million dirhams cumulative balance of UAE investments in Romania

Al-Marri discussed with the Romanian ambassador to the UAE the promotion of economic and trade cooperation.

From the source

The Minister of Economy, Abdullah bin Touq Al-Marri, discussed with the Romanian ambassador to the country Ocavian Bogdan, enhancing opportunities for joint economic and commercial cooperation between the two countries, which contributes to opening new horizons that support the growth of trade and mutual investments, at a time when the cumulative balance of direct Emirati investments in Romania amounted to about 660 million. dirhams by the end of 2020.

During a bilateral meeting held at the headquarters of the Ministry of Economy in Dubai, Al-Marri said that the volume of intra-non-oil trade between the UAE and Romania amounted to about 800 million dirhams during the first quarter of 2022, achieving a growth of 41%, compared to the same period last year, while The volume of this trade during the year 2021 amounted to more than two billion dirhams, with a growth rate of 27% over the year 2020.

According to the Ministry of Economy, UAE exports to Romania grew by 81% during 2021, compared to 2020, to reach 143 million dirhams, and the UAE has thus become the largest exporter to Romania at the level of the Gulf Cooperation Council countries.

On the other hand, UAE imports from the Romanian market amounted to about 1.8 billion dirhams during 2021, with a growth rate of 21%, compared to 2020. The UAE exports to Romania included many commodities and products, most notably metal and industrial devices, building materials, perfumes, and cosmetics, while commodities Wheat, wood products, and building materials are at the top of the list of UAE imports from Romania.

According to Al-Iqtisad, many Emirati companies have established successful investments in Romania, most notably DP World, Emirates International Investments, IPIC, Gulf Pharmaceutical Industries, Julphar, and Al Dhahirah.

The cumulative balance of direct Emirati investments in Romania amounted to about 660 million dirhams at the end of 2020, while Emirati investments focused on the sectors: oil and natural gas, real estate, building and construction, agriculture, food and pharmaceutical industries, cosmetics, grain cultivation, transportation and logistics.

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