Page 263 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/24/25, 9:48 AM Home | Emirates News Agency
priority sectors, including renewable energy, logistics and infrastructure, advanced manufacturing and

technology, food security and agribusiness, and tourism and hospitality.
Costa Rica is a regional leader in high-value products such as medical devices, agricultural goods, advanced

manufacturing components, in addition to renewable energy and eco-tourism.

Under CEPA, these industries will gain improved market access to the UAE and its global trade corridors.
Similarly, the UAE’s world-class logistics network and free trade zones provide Costa Rican businesses with a

strategic gateway to expand into global markets.
Non-oil trade between the UAE and Costa Rica has seen steady growth, reaching US$82.6 million in 2024, a

27.5% increase compared to 2023 and more than double pre-pandemic levels.

The CEPA is expected to accelerate this momentum by facilitating the movement of goods and services,
fostering private-sector collaboration, and unlocking new investment opportunities.

The UAE continues to enhance its economic presence in Central America, positioning itself as a key trade

and investment partner for the region. The country has already made strategic investments in sectors such as
logistics, IT, renewable energy, and real estate in Costa Rica and sees further opportunities to deepen

relations and broaden bilateral cooperation.

The forum concluded with business sessions and networking opportunities, enabling UAE and Costa Rican
companies to explore partnerships and identify new areas for collaboration.

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