• Non-oil trade between the UAE and the Czech Republic in 2021 amounted to AED 4.2 billion with a 17% YoY growth

H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, visited the Czech Republic pavilion at Expo 2020 Dubai, located in the Sustainability District under the theme ‘Czech spring.’

During the visit, the minister underlined the importance of Expo 2020 Dubai as a vital platform that attracts international companies and investments to the UAE, and acquaint them with its pioneering economic, commercial, and tourism potential.

He praised the pivotal role of the Expo in enhancing the UAE's world leading economic position, by showcasing various aspects of the national knowledge economy, supported by technology and innovation and led by national competencies, promising investment opportunities in the country, and the advanced technological infrastructure it offers. Furthermore, the global event consolidates the UAE's position as an attractive and sustainable tourism destination, he said, highlighting the flexible legislation introduced by the UAE in view of the targets of the 50 and the UAE Centennial 2071. These developments are poised to enhance the competitiveness of the UAE economy globally and reinforce the country’s position as an attractive destination for talents, minds, and entrepreneurial projects, noted H.E. Al Zeyoudi.

H.E. Al Zeyoudi was briefed on the innovative solutions on display at the Czech pavilion in the field of water solutions and air vapor extraction using new technology based on solar energy, which offer pioneering solutions to the desert environment. He also learned about opportunities for sustainable development in various fields in the Czech economy and the country’s historical cultural and artistic development.

Trade relations between the UAE and the Czech Republic continue to grow, and the volume of non-oil trade between the two countries increased to reach nearly AED 4.2 billion in 2021 compared to AED 3.6 billion in 2020, with a growth rate of nearly 17%.