New Delhi/Abu Dhabi: The United Arab Emirates on Thursday announced Prime Minister Narendra Modi as the recipient of the Zayed Medal in appreciation for his efforts to boost bilateral ties with the nation.
"We have historical and comprehensive strategic ties with India, reinforced by the pivotal role of my dear friend, Prime Minister Narendra Modi, who gave these relations a big boost. In appreciation of his efforts, the UAE President grants him the Zayed Medal," the Crown Prince of Abu Dhabi, Mohamed bin Zayed Al Nahyan, tweeted.
India and the UAE share warm relations that received impetus after Prime Minister Modi paid a visit to the nation in 2015, according to the Ministry of External Affairs.
The Crown Prince visited India in 2017 as the Chief Guest for Republic Day celebrations in New Delhi, while UAE is one of the few countries Prime Minister Modi has visited twice.
"The State visit of the Prime Minister (Modi) to UAE on February 10-11, 2018 helped in sustaining the momentum generated by earlier visits of Crown Prince in 2017 and 2016 and that of PM in 2015," MEA stated.
"India-UAE commercial relations are anchored by energy cooperation, trade, investments by UAE in India and investments & businesses driven by Indian expatriates in UAE," the ministry added.
UAE accounts for 8 per cent of India’s oil imports and is the fifth largest supplier of crude oil to India. The country is also a part of the International Solar Alliance (ISA), which is headquartered in Gurgaon, India.
India-UAE trade stood at about USD 50 billion in 2017, making India the second largest trading partner of UAE, while UAE is India’s third largest trading partner (after China and the US). Moreover, UAE is India's second largest export destination, accounting for over USD 31 billion for the year 2016-17.