Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum is heading to India, and his visit is expected to open new doors for business and trade between the two countries.
The trip highlights how the UAE and India are working closely together to grow their economies, create jobs, and invest in the future. It comes at a time when business ties between the two nations are stronger than ever, especially after they signed a major trade deal called the Comprehensive Economic Partnership Agreement (CEPA) in 2022.
Thanks to this deal, trade between the UAE and India reached over $54 billion in 2023. Dubai’s trade with India also grew by nearly $9 billion in just four years. This visit is expected to build on that success.
Sheikh Hamdan’s visit will focus on creating more business opportunities in both countries. He is expected to meet with Indian government officials and business leaders to discuss ways to boost trade, attract investment, and work together on future technologies like artificial intelligence and digital services.
The Crown Prince is known for pushing Dubai to become a top global hub for business, technology, and innovation. His visit to India is part of a larger plan to grow Dubai’s economy and bring in more international partnerships, especially through the Dubai Economic Agenda (D33), which aims to double the city’s economy over the next 10 years.
India, with its large population and growing tech industry, offers huge potential for UAE businesses. At the same time, the UAE is becoming a hotspot for Indian companies, entrepreneurs, and investors looking to grow globally.
In simple terms, Sheikh Hamdan’s trip is about building a stronger business friendship between the UAE and India.
(Source: Wam)