Metro Manila, Philippines – The Philippines and the United Arab Emirates (UAE) are working to broaden their trade partnership to enhance economic ties.
UAE Minister of Investment, Mohamed Hassan Alsuwaidi, visited President Ferdinand Marcos Jr. in Malacanang on Friday, Feb. 7, to discuss expanding trade and investment opportunities. President Marcos noted that Alsuwaidi’s visit demonstrated their countries’ commitment, saying, “I’m happy to see you and discover so many areas that would be possible for us to explore further.Alsuwaidi also praised the Filipino workforce, particularly nurses, stating, The UAE recognizes Filipino nurses for providing excellent patient care.” He added, “After having discussions today, we really don’t understand why we haven’t historically invested more. The opportunities we see—whether in infrastructure, industrial mining, telecommunications, data centers, renewables, or healthcare—are tremendous.In 2023, the UAE was the Philippines’ 18th largest trading partner. Investment from the UAE has been growing, with a total of P376.71 million in approved investments in 2023, and P82.59 million from January to September 2024.
