Australia and the UAE are countries with forward-looking agendas: ambitious, technology-driven and globally connected. As ambassadors, we meet people every day whose lives reflect the strength of the UAE-Australia relationship, linking our countries in ways that statistics alone cannot capture.
As we look back on the past 12 months and forward through next year, our two nations stand at a historic inflection point. Earlier this month, the Comprehensive Economic Partnership Agreement, or Cepa, entered into force, coinciding with 50 years of diplomatic relations; Australian Prime Minister Anthony Albanese’s visit to Abu Dhabi; and the elevation of the UAE-Australia relationship to a strategic partnership.
The results of our close co-operation were already evident. Last year, Australia’s non-oil trade with the UAE reached $4.2 billion, reflecting a 36 per cent growth compared to 2021 and maintaining the strong levels achieved in 2023. Meanwhile, two-way investment stock stood at $16 billion by the end of last year, with $3 billion of direct investment in Australia from the UAE. These figures underscore the resilience and growth of the UAE-Australia economic partnership and its importance as a foundation for future c
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