Suhail Bin Mohammed Al Mazrouei and Ibrahim Bin Hassan Al Hawaj during a meeting on Thursday.
Ministers from the UAE, Egypt, Jordan, and Bahrain are set to meet on Sunday where they will oversee the signing of agreements between industrial companies for projects worth millions of dollars.
Trade between the UAE and Bahrain has seen a significant rebound since the pandemic with non-oil bilateral trade between the countries increasing by 75% year-on-year in Q2 2021.
The initial indicators of the country’s non-oil foreign trade during the past months showed significant growth, specifically in non-oil exports, which increased by over 17 per cent during the first quarter of 2022.
Commenting on the recent agreement forged at the G20 meet to link Middle East countries by railway and connect them to India through seaports, Bin Sulayem stressed that the ultimate objective was to expedite the delivery of goods and introduce new alternative routes.
The UAE economy is forecast to grow 3 per cent in 2023 and 4 per cent in 2024, driven by the non-oil sector, which is expected to benefit from strong growth in tourism,
This important accomplishment has been fulfilled under the directives of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, and the supervision of His Highness Sheikh Maktoum bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE.