france-uae-a-longstanding-partnership-anchored-in-strategic-and-economic-cooperation
Over the last 50 years, the United Arab Emirates and France have built a remarkably strong and multifaceted partnership, and we are now looking at the future.
The bilateral relationship is booming in all fields including defense, culture, education, space, artificial intelligence, energy and environment. Bilateral trade between France and the UAE reached 8.5 billion euros in 2024, marking a significant 15% increase from the previous year. This upward trajectory highlights the strengthening economic ties and the growing role of both countries in each other’s economic landscapes. The UAE stands as France’s largest partner in the Near and Middle East, accounting for 42.3% of French exports to the region. On the other hand, it is France’s second-largest supplier, representing 16% of French imports from the region. Furthermore, France remains a prime destination for Emirati investment, with Foreign Direct Investment (FDI) reaching 2,3 billion euros in 2023. A notable testimony of this momentum is the long-standing and fruitful partnership between Mubadala and Bpifrance, the French public investment bank. This collaboration continues to play a pivotal role in facilitating joint ventures and driving cross-border investments, further deepening the ties between our two nations.
A strong French companies’ presence in the UAE
French companies have played a pivotal role in supporting the UAE’s development for decades, with some partnerships dating back over 50 years. Over time, France has become a key partner in a variety of sectors. From energy major players that have helped build critical infrastructure and support the country’s sustainability goals, to their involvement in the creation of the Dubai metro and tramway, and to luxury and tourism brands that have shaped the UAE’s global image as a premier destination, France’s presence is both strategic and long-standing. Today, more than 600 French subsidiaries operate across the Emirates, employing around 30,000 people—making it the largest French business presence in the Middle East, ranging from industry giants to SMEs and startups.
HE Jean-Christophe Paris, Consul General of France in Dubai and Northern Emirates
