Page 165 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/18/25, 11:28 AM UAE, Ireland sign pact to establish Joint Economic Commission – The Gulf Time Newspaper
and investment.”
Smyth concluded that growth in UAE-Ireland relations would not have been possible without the State Agencies of each side,
Enterprise Ireland, Bord Bia, the IDA, and Tourism Ireland, who “work tirelessly to promote Ireland here in the UAE,” she said,
adding that “through these collective efforts, the bilateral relationship has reached truly remarkable heights.”
The relationship between the UAE and Ireland is characterized by shared values and mutual commitment to fostering
innovation and technology-driven economies. Both nations are actively developing their business ecosystems to attract
foreign direct investment in strategic sectors. With over 1,000 Irish trademarks registered in the UAE, including notable
companies like Stripe and Kentech Group, there is a clear indication of growing economic ties. Previous collaborations, such
as the MoU between Dubai’s Roads and Transport Authority (RTA) and Enterprise Ireland, highlight the importance and
mutual benefit of increased trade and connectivity.
The establishment of the Joint Economic Committee will serve as a vital institutional framework for enhancing economic
dialogue and cooperation, enabling both countries to develop programs and initiatives that further strengthen their partnership

and promote sustainable economic growth. With non-oil trade between the UAE and Ireland reaching $1.1 billion in 2024 up
from $694 million in 2019, this collaboration aims to elevate trade exchanges to new heights that reflect the many
opportunities of mutual benefit available in both countries.

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