The strategic partnership with India in the oil sector is a proactive reading of the future

The strategic partnership with India in the oil sector is a proactive reading of the future

Reda Mosallam, partner manager of Truth Economic Consultancy, explained that, the economic relations between the UAE and India are old, strong and durability. The most important of these is the maintenance of oil exports from the UAE to India, where India is a major client of the UAE’s oil exports.

He noted that global trends now focus on investments in the oil sector with strategic partners and permanent customers within the policy of investment sharing and benefit-sharing. He said, “UAE-India relations are developing significantly in various political, economic, commercial, technical, space, health, cultural and other fields, Is India’s third trading partner”. India is the UAE’s premier trading partner and the UAE is the 10th largest foreign direct investment market for India.

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