UAE – Mubasher: the value of non-oil trade between the UAE and Hong Kong grew by 12% year-on-year to AED 35.9 billion at the end of 2018, UAE’s undersecretary of the Ministry of Economy for Foreign Trade Affairs, Abdullah Al Saleh, stated on Tuesday.
Free zones trade between the UAE and the Chinese city amounted to AED 8 billion in 2018, Al Saleh added, according to the Emirates News Agency (WAM).
UAE commodities imports from Hong Kong included four items, among them diamonds, gold, jewellery, and precious stones, which have a total worth of AED 9.75 billion, Al Saleh revealed.
"The UAE's non-oil export commodities included gold worth AED 1.5 billion, jewellery worth AED 419 million, insulated wires worth AED 179 million, publications worth AED18 million, diamond re-exports worth AED 6.7 billion, jewellery worth AED 2.2 billion, and machinery and engines worth AED 993 million.” WAM reporting, citing the undersecretary.
Al Saleh announced that the UAE has attracted AED 7.8 billion foreign investments from Hong Kong.
Hong Kong's investments in the UAE are focused into nine key sectors, including finance and insurance, wholesale and retail trade, motor vehicle and motorcycle repair, manufacturing, professional, and construction.
