Page 458 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/17/25, 3:32 PM UAE and Hungary Strengthen Trade and Investment Ties at Abu Dhabi Roundtable Led by Prime Minister Orbán
UAE now accounts for 62% of Hungary's total trade with the GCC region, underscoring the UAE's role
as a key strategic trade partner.

Prime Minister Orbán highlighted Hungary's economic dynamism and its efforts to forge trade
partnerships with markets like the UAE, which influence the global economic landscape. He stressed

Hungary's pro-growth business environment, which encourages innovation and supports emerging
economic sectors.

Key UAE and Hungarian Figures in Attendance:

UAE Delegation: HE Mohammed Hassan Al Suwaidi, Minister of Investment; HE Ahmed bin Ali Al
Sayegh, Minister of State; HE Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; HE

Saud Al Shamsi, UAE Ambassador to Hungary; and prominent figures from Emaar, Masdar,
Mubadala, and ADNOC.

Hungarian Delegation: Prime Minister Viktor Orbán, HE Peter Szijjarto, Minister of Foreign Affairs and
Trade, and key executives from companies such as 4iG, MOL Plc, and Budapest Airport.

HE Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, emphasized the shared commitment

between the UAE and Hungary to drive sustainable economic growth and foster private-sector
partnerships. "The UAE and Hungary are both focused on developing priority sectors, and our
collaboration presents significant opportunities for both nations, particularly in manufacturing, logistics,
agriculture, and transport," he stated.

Building on Successful Partnerships:

HE Mohammed Hassan Al Suwaidi, Minister of Investment, affirmed the UAE’s dedication to
advancing bilateral relations with Hungary. "The UAE’s business-friendly environment and dynamic
economy offer Hungarian companies a prime platform to expand into the MENA region and beyond,"
he said.

The UAE and Hungary also discussed exploring further investments in key sectors such as industry,

trade, investment, tourism, logistics, infrastructure, and real estate. Both nations are committed to
fostering private-sector collaboration to achieve mutual prosperity.

The roundtable discussions reinforced the UAE's role as a strategic hub for trade and investment, with
Hungary looking to deepen its economic ties with the UAE in the coming years.

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