The Emirati Foreign Ministry announcement, just hours ahead of a GCC meeting in Kuwait, said the new "joint cooperation committee" was approved by the UAE's ruler and president, Sheikh Khalifa bin Zayed Al Nayhan.
Saudi Arabia did not immediately report on the new partnership.
It wasn't immediately clear how the development could affect the six-member GCC meeting, which is expected to focus on the Qatar issue. Half of the GCC members are boycotting Doha in a dispute that's cleaved the Arabian Peninsula.
The Emirati ministry said the new "committee is assigned to cooperate and coordinate between the UAE and Saudi Arabia in all military, political, economic, trade and cultural fields, as well as others, in the interest of the two countries."
The UAE and Saudi Arabia have cultivated even-closer ties in recent years. Emirati troops are deeply involved in the Saudi-led war in Yemen.
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