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Home » UAE and Angola Forge Strong Trade Partnership Surpassing $2.2 Billion

UAE and Angola Forge Strong Trade Partnership Surpassing $2.2 Billion

The visit of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, to Angola marks a significant milestone in strengthening UAE-Angola relations across various essential sectors. This partnership opens new opportunities for mutual development, emphasizing the importance of collaboration that promises prosperity for both nations and their peoples. The growing partnership between the UAE and Angola is a testament to the UAE’s commitment to Africa, aimed at fostering progress and addressing the continent’s future challenges with innovative solutions. Recent trade statistics indicate that the volume of non-oil trade between the UAE and Angola reached an impressive $2.2 billion, showcasing the fruitful economic ties that continue to evolve.

Strengthening Diplomatic Ties

Since the establishment of diplomatic relations in 1997, the bilateral ties between the UAE and Angola have seen a steady upward trajectory. A series of official visits and meetings between leaders and officials from both countries has positively fueled the progress of their cooperative initiatives. As a result, both nations have engaged in numerous bilateral agreements, such as the 2018 treaty for the abolition of double taxation on income, the 2017 agreement to promote and protect mutual investments, and the aviation cooperation agreement signed in April 2021. These agreements reflect the commitment of both countries to enhance cooperation across multiple sectors.

Economic Collaboration and Growth

The UAE is dedicated to deepening its economic ties with Angola through considerable investments in vital sectors, including energy, technology, and maritime logistics. Additionally, promising opportunities abound in other areas such as food security and agriculture. Notably, the volume of non-oil trade between the UAE and Angola reached $2.2 billion in 2024, representing a remarkable growth of 36.3% compared to 2019. This surge highlights the strengthening of economic relations that have significantly evolved since 2021, marked by key agreements that lay the foundation for future projects.

Strategic Initiatives and Investments

In 2023, Abu Dhabi Ports Group signed several strategic agreements with leading Angolan institutions, including a framework agreement with Angola’s Ministry of Transport to improve maritime infrastructure services across the nation. Furthermore, the group launched a joint venture with Unicargas, the government-owned logistics company managing Angola’s Luanda port, which accounts for about 70% of international imports and 80% of non-oil exports. The Abu Dhabi Exports Office also entered into financing agreements worth 445 million AED to establish data centers and a cloud computing platform in Angola, demonstrating a commitment to technological advancement.

Support for Social Development

Alongside economic endeavors, the UAE has initiated several initiatives that support health, education, and digital transformation in Angola. In January, the UAE donated 25 ambulances and assorted medical equipment to Angola as part of a broader initiative worth $220 million to support public health in Africa. Additionally, DP World Charity has been active in upgrading schools and building libraries in Luanda at a cost of $250,000. The “Digital School,” part of the Mohammed bin Rashid Al Maktoum Global Initiatives, has also launched a partnership with Angola to enhance educational opportunities for children in rural areas through the use of advanced technologies and digital applications.

The burgeoning relationship between the UAE and Angola demonstrates a shared vision for growth and collaboration, reflecting an era of comprehensive partnership that extends beyond mere economic interests and underscores a commitment to sustainable development and mutual support.

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