The UAE has fast-tracked plans for alternative trade routes amid ongoing conflict, according to a minister.
What the UAE is doing
The country is accelerating plans for new trade routes to boost regional trade and economic growth, said the minister.
The move aims to mitigate the impact of conflict on trade and the economy.
According to the minister, the UAE is working closely with regional partners to identify and develop new trade routes that can bypass affected areas.
The country has already begun construction on several new trade routes, including a major highway project that will connect the UAE to Oman.
The project is expected to be completed by the end of 2026 and will provide a vital alternative to traditional trade routes affected by conflict.
Why it matters
The UAE's efforts will support regional trade and economic growth, said the minister.
The new routes will provide a vital alternative to traditional trade routes affected by conflict.
The UAE's economy is heavily reliant on trade, and the country's efforts to develop new trade routes will help to mitigate the impact of conflict on the economy.
According to the UAE's Ministry of Economy, the country's trade sector accounts for over 70% of its GDP.
Supporting the UAE's trade vision
The UAE's fast-tracked plans for alternative trade routes align with the country's vision for a more resilient trade sector.
The move will support the UAE's economic growth and regional trade.
The UAE has set ambitious targets for trade growth, including increasing trade with regional partners by 20% by the end of 2027.
The country is also working to develop its logistics and transportation infrastructure to support the growth of its trade sector.
Boosting economic growth
The UAE's efforts will boost economic growth in the region, said the minister.
The new trade routes will provide a vital lifeline for businesses affected by conflict.
The UAE's economy is expected to grow by over 5% in 2026, driven in part by the country's efforts to develop new trade routes.
According to the UAE's Central Bank, the country's GDP is expected to reach Dh2.5 trillion by the end of 2026.
