UAE-Africa deal to reach US$30B in 2013

Trade between the United Arab Emirates (UAE) and Africa is expected to jump to US$30 billion in 2013, UAE government said. This will represent a 27 percent increase in bilateral trade from the previous year, the UAE ambassador to Kenya Abdulrazak Hadi told reporters.

“Due to Africa’s fast growing economies, we expect total bilateral trade between UAE and Africa to hit US$30 billion in 2013,” Hadi said during a UAE trade mission to Kenya and Tanzania.