- The UAE–Angola Cepa will raise non-oil trade to $10bn annually by 2033.
- The pact is expected to create 30,000 jobs and add $1bn to each GDP.
The UAE–Angola Cepa sets the stage for a historic transformation in trade relations between the two nations. Right from the start, the agreement outlines bold ambitions: raise non-oil trade above $10 billion every year by 2033 and add $1 billion to the GDP of both economies. This shows a deliberate effort to reduce dependence on oil while ensuring long-term, sustainable growth.
The signing ceremony in Abu Dhabi underscored the importance of this pact. UAE President Sheikh Mohamed bin Zayed Al Nahyan and Angolan President João Manuel Lourenço personally attended, proving strong political commitment. Their presence also highlighted the UAE’s unique role as a trade hub that connects Africa, Asia, Europe, and the Arab world.
The deal will also create nearly 30,000 jobs. These opportunities will boost skills, foster innovation, and support entrepreneurship in both countries. As a result, the agreement strengthens economic resilience and sharpens competitiveness in global markets. Additionally, the UAE will reinforce its position in global supply chains, giving businesses greater reach and stability.
Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, explained that the UAE–Angola Cepa provides balanced benefits. For example, Angola could expand exports to the UAE by up to $994 million, while UAE exports to Angola may increase by $235 million. Therefore, both sides gain improved market access and deeper commercial ties.
Beyond the figures, this agreement represents a new direction. Instead of relying only on oil, both nations are building diversified economies that can withstand global shocks. Furthermore, they are investing in industries designed for sustainability and future growth.
Ultimately, the UAE–Angola Cepa is not just a trade pact. It is a shared roadmap for prosperity, designed to open opportunities, strengthen resilience, and drive lasting progress across both economies.