UAE BRICS strategy 2025 is redefining the nation’s approach to economic growth and global influence. Moving beyond oil and traditional trade partnerships, the United Arab Emirates is leveraging its membership in the BRICS bloc to create new opportunities for trade, innovation, and sustainable development. This approach signals a transformative shift in how the UAE positions itself on the world stage.
A Strategic Shift in Economic Alliances
Historically, the UAE’s economic prosperity has been closely tied to oil exports. However, with the global energy landscape evolving and the UAE’s Vision 2031 emphasizing economic diversification, the nation is actively seeking new avenues for growth. Joining BRICS in 2024 was a strategic decision to tap into emerging markets, foster innovation, and enhance global influence.
Economic Diversification and Growth
The UAE’s non-oil sectors have been experiencing significant growth. In 2024, the country achieved a record 3 trillion dirhams ($817 billion) in non-oil trade, marking a 14.6% increase from the previous year. This growth is part of the UAE’s strategy to spur economic growth through trade diversification. Prime Minister Mohammed bin Rashid Al Maktoum reported that the nation had already reached 75% of its 4 trillion dirham non-oil trade target for 2031. The UAE, recognized as the region’s tourism and business hub, has invested significantly in trade and logistics infrastructure. Since 2021, it has executed numerous Comprehensive Economic Partnership Agreements (CEPAs) with countries such as India, Indonesia, Israel, and Turkey. In 2024, exports to CEPA partner countries increased by 42.3%, comprising about a quarter of the UAE’s total non-oil exports, which totaled 561.2 billion dirhams. The UAE’s economic minister, Thani Al Zeyoudi, emphasized that these partnerships are essential for economic growth and diversification, indicating a long-term perspective in their economic strategy. The UAE aims to initiate trade negotiations with the European Union in 2025.
Strengthening Trade Relations with BRICS Nations
The UAE’s trade with BRICS countries has been on an upward trajectory. In 2024, UAE exports to BRICS states reached $126.6 billion, compared to $62.3 billion in 2019, reflecting an annual compound growth rate of 12.5%. Imports from BRICS countries were estimated at about $145 billion in 2024, compared to $88.2 billion in 2019. This growth is not limited to oil, as non-oil trade represented around 97% of UAE exports, rising from $60.3 billion in 2019 to $123 billion in 2024. This trend underscores the UAE’s commitment to expanding its economic horizons beyond traditional sectors.
Innovation and Technological Advancements
The UAE’s BRICS strategy also emphasizes innovation and technological advancements. By collaborating with BRICS nations, the UAE aims to enhance its capabilities in sectors such as artificial intelligence, renewable energy, and digital infrastructure. This collaboration is expected to foster knowledge exchange, drive technological development, and position the UAE as a leader in innovation within the global South.
Diplomatic Engagement and Global Influence
Beyond economic considerations, the UAE’s participation in BRICS enhances its diplomatic standing on the global stage. By engaging with a diverse group of emerging economies, the UAE is positioning itself as a bridge between the East and West, facilitating dialogue, and promoting multilateral cooperation. This diplomatic engagement aligns with the UAE’s broader foreign policy objectives of fostering peace, stability, and prosperity.
Sustainable Development and Climate Action
Sustainability is a core component of the UAE’s BRICS strategy. The country has been actively involved in global climate initiatives, including hosting COP28 and committing to significant investments in renewable energy projects. Through its partnership with BRICS, the UAE aims to collaborate on sustainable development projects, share best practices, and contribute to global efforts in combating climate change.
Looking Ahead: A Vision for 2031 and Beyond
As the UAE continues to strengthen its ties with BRICS nations, the focus remains on achieving the goals set out in Vision 2031. This includes expanding non-oil trade, fostering innovation, enhancing diplomatic relations, and contributing to sustainable development. The UAE’s BRICS strategy is not just about economic growth; it’s about shaping a future that is diversified, resilient, and globally connected.
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