Trade between the United Arab Emirates and Saudi Arabia is currently valued at AED 84 billion (SAR 86 billion) while the total value of Emirati projects in Saudi Arabia is estimated at AED 15 billion, the UAE economy minister, Sultan bin Saeed Al Mansouri, said speaking on the sidelines of the UAE-Saudi Retreat, which concluded on Thursday in Riyadh.
"The UAE and Saudi Arabia enjoy huge export potential and are the two biggest economies in the Arab world, with a combined gross national product of $2 trillion," he said in a report carried by UAE state news agency, WAM.
He also pointed out the opportunities for co-operation and exchange of expertise in civil aviation, airports, and the proposed intra-GCC railway network, adding that over 1.9 million Saudi citizens travel to the UAE annually.
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