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India.Africa9.Thmb.jpg UAE-Africa trade may reach USD 30 bn in 2013

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

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 USD 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 USD 630 million in 2012.
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