In 2022, the Comprehensive Economic Partnership Agreement was signed between the two countries, following the implementation of which an increase in two-way trade was recorded in the financial year 2023. Bilateral trade between the two countries increased by about 85 billion US dollars.
After the United States and China, the UAE plays the most important role in India’s trade sector. Moreover, the UAE is also India’s second largest export destination.
The UAE is the seventh largest investor in India. From April 2000 to September 2023, the UAE has made foreign direct investments (FDI) worth $16.67 billion.
Talking about the wealth of Al Nahyan, in the year 2023 they emerged as the richest family in the world. They have left even Jeff Bezos and Warren Buffett behind.
With a net worth of $305 billion, Al Nahyan has surpassed even Walmart’s Walton.
Earlier, Sheikh Khalid had arrived in India on September 3, when he inaugurated the Abu Dhabi campus of the Indian Institute of Technology Delhi (IIT Delhi).
