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Economic Relations

Economically, the UAE and Singapore share many similarities, including advanced infrastructure and their status as major regional and global financial and maritime hubs. This has made the UAE the preferred destination for Singaporean businesses in the Middle East. Since 2012, the UAE has been Singapore’s largest trading partner in the Middle East and North Africa (MENA) region. In 2024, total trade between the two countries reached 24 billion Singapore dollars, with non-oil trade accounting for approximately 40% of this figure.

Economic Partnership between the UAE and Singapore

The economic partnership between the UAE and Singapore reflects their complementary and diversified economies. According to Enterprise Singapore, Singaporean investments in the UAE have grown significantly, with over 600 Singaporean companies actively operating in sectors such as fintech, healthcare, and education.
On the other hand, the UAE is a key investor in Singapore, with major Emirati companies such as DP World, Masdar, and Space42 playing a significant role in advancing economic cooperation in fields like renewable energy, logistics, and advanced technology. As of now, there are 25 major Emirati enterprises actively engaged in the Singaporean market, further strengthening bilateral investment ties.
Economic relations between the two countries focus on future-oriented sectors, including artificial intelligence and sustainable infrastructure, while maintaining a balance with traditional trade. Notably, precious stones and metals form a significant portion of Singapore’s non-oil imports from the UAE, highlighting the diverse economic exchange between the two nations.

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