UAE and Angola Sign Cape to raise non-co-operative trade outside of $ 10BN in 2033 and construct 30,000 jobs
Sheikh Mohamed said the CEPA would drive a strong economic cooperation, awakening the trade, and increased investment and communication between UAE and Angolan business communities.
He emphasized that this agreement is an important step towards strengthening UAE relations and African countries who share their viewpoint and recovery.
UAA-Angola Trade
Dr Thani Bin Ahmed Al Zeeyoid, said the covenant has expanded UAE access to the low and western market, wanting to speed up the development of investing and cooperative.
He noted, many Angola’s young people, many natural resources, and GDP growth between 2024 percent of the 4,4 percent made one of the most promising economy.
The non-oil trading up to $ 2.17bn in 2024, 2.6 percent from 2023. UAE Egple Angola in Angola stopped at H1 2025 hit 2,4BN, 29.7 percent, 29.7 percent.
The primary submission of UAE from Angola in 2024 included diamonds, gold, copper, and coins, including 99.8 percent.
The UAE moved Petroleum Distillables, metal and metal, taps, cigarettes, cigarettes, and percentages of export.
Exports mainly contained vehicles, trucks, remaining parts, and equipment, and represented 50 percent of the export.
Dr. Al Zeyoud highlighted the large UAE companies have already invested in Angola:
- Masdar improves 150 power project to provide renewable energy to 90,000 homes
- Dubai investment builds Dubai Investment Park – Angola over 2,000 hectares
- A group of ADS ports started working at the terminal in Multipurse in the Durban of Luanda
He said: “Cape and Angola is an important pillar in achieving UAE’s economic purposes. The UAE aims to increase foreign trading.
The agreement foretells the non-oil trading over $ 10 billion by year 2033, adding approximately $ 1bn to the GDP of both countries, and create nearly 30,000 opportunities.
It will reduce tax prices, cutting traditional trading barriers, enhances customary performance, and unlock the new markets of the services and digital trademarks.
Dr. Al Zeyoud added that the CEA will add up to $ 993.6m In addition to the Interchange Angolan (including glass, equipment, equipment, plastic equipment).
The agreement also strengthens the cooperation of the services such as Logistics, construction, engineering, financial, health care, health care, already account, which appeared at about 40 percent of GDP in Angola.
It also provides SME support by reducing the limits, opening partnership between export pubs, accelerators, and businesses, and youth-owned businesses.
Dr. Al Zeyoud confirmed that the CEPA will come into effect when it allows both governments, with immediate benefits expected in low prices, combined customs, and full market access.
