At Jadco, we specialize in facilitating international trade between the United Arab Emirates (UAE) and the United Kingdom (UK). Our mission is to connect manufacturers in the UAE and the UK with government-awarded projects that require the export and import of building materials and related products.
Our primary role is to identify opportunities in government-awarded projects, which are financially supported by the government, to promote the seamless flow of products between the UAE and the UK. We act as a bridge, ensuring that manufacturers and suppliers on both sides have access to these lucrative projects.
The UK and the UAE have seen a significant increase in their trade relationship in recent years. According to the latest statistics, in the four quarters leading up to the end of Q2 2023, total trade in goods and services between the UK and the UAE reached an impressive £25.5 billion, marking a 47.3% increase compared to the same period in 2022.
UK Exports: UK exports to the UAE amounted to £16.1 billion in the same period, showcasing a remarkable 57.3% increase from the previous year.
UK Imports: UK imports from the UAE also surged, totaling £9.3 billion, a 32.8% increase.
This data positions the UAE as the UK's 19th largest trading partner, accounting for 1.4% of total UK trade.
The relationship goes beyond trade, with the UAE being a significant investment partner for the UK. In 2021, the outward stock of foreign direct investment (FDI) from the UK in the UAE was £5.2 billion, representing 0.3% of the total UK outward FDI stock. Conversely, the inward stock of FDI in the UK from the UAE was £7.4 billion, accounting for 0.4% of the total UK inward FDI stock.
The UAE has been experiencing robust economic growth, with GDP per capita increasing from $37.6 thousand in 2020 to $51.4 thousand in 2022. In 2022, the UAE stood as the 29th largest economy globally in terms of GDP.
At Jadco, we aim to capitalize on these promising trade and investment opportunities. We facilitate partnerships, provide expert advice, and ensure compliance with all regulations, making your journey into this thriving market as smooth as possible.
If you are a manufacturer or supplier looking to expand your presence in the UAE or the UK construction materials market, trust Jadco to be your partner of choice. Contact us today to explore how we can assist you in achieving your international trade and investment goals.
