The UAE's non-oil trade almost doubled from 2021 to 2025, reaching 3.8 trillion dirhams (US$1.03 trillion). Prime Minister Mohammed bin Rashid al-Maktoum, who is also the vice-president and ruler of Dubai, announced this on January 31. This impressive growth has already achieved 95% of targets set for 2031. The surge is driven by the UAE’s strong push into emerging markets and heavy investments in logistics. "Our investment environment is complete, our international partnerships have doubled, our partnerships with the private sector have been strengthened, and global confidence in the UAE has been firmly established," said Maktoum. This growth puts the UAE ahead of Hong Kong and puts it in close competition with Singapore for the global trade crown.