South Africa has emerged as the United Arab Emirates’ second-largest non-oil trade partner in Africa, following years of steady growth in bilateral relations.
Figures released by Emirates News Agency show that trade between both nations hit \$8.5 billion in 2024 reflecting a 14 per cent increase compared to 2023 and a 120 per cent leap since 2019.
The development underscores South Africa’s rising role as a key gateway for the UAE into the African market.
The update came during a meeting in Dubai between Thani bin Ahmed Al Zeyoudi, UAE’s Minister of Foreign Trade, and representatives of the South African Business Council.
The session focused on identifying new areas for cooperation and strengthening private sector participation.
Data for the first half of 2025 already show non-oil trade valued at \$3.93 billion, a trajectory that analysts believe could break previous annual records by the year’s end.
Officials on both sides noted that the pace of growth highlights strong market confidence and the benefits of ongoing collaboration under the BRICS framework.
Al Zeyoudi stressed that trade relations extend beyond goods exchange, with partnerships expected to deepen in food security, logistics, infrastructure, renewable energy, and tourism.
According to him, projects in these areas would not only support economic growth but also drive sustainable development goals for both countries.
“South Africa is a vital partner in Africa,” Al Zeyoudi said. “By aligning our strengths, we can achieve mutual prosperity and create opportunities for our people.”
Currently, more than 3,690 South African companies operate in the UAE, across sectors including construction, hospitality, and financial services.
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This strong presence has established a platform for increased investments, while also expanding opportunities for UAE firms in the South African market.
Business leaders argue that South Africa’s diversified economy and geographical location make it a natural partner for the UAE, particularly in its quest to expand non-oil trade and diversify income sources.
The deepening ties also reflect the UAE’s growing role within BRICS, a bloc that South Africa has been a longstanding member of.
The UAE joined the group in 2024, aligning with its vision to foster South-South cooperation and create alternative channels for global trade and investment.
Economic observers believe the partnership represents more than trade numbers—it highlights a shifting global economic balance where emerging economies are driving new growth opportunities.
Going forward, officials say focus will remain on renewable energy, agriculture, and logistics, with both nations expected to launch joint projects that will enhance food supply chains and improve connectivity between Africa and the Middle East.
With trade already on an upward trajectory and both governments encouraging stronger private sector involvement, the UAE–South Africa relationship is expected to remain a cornerstone of Africa–Middle East economic cooperation.
NAN
