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2/17/25, 3:32 PM Fintedu: FintEdu Admin: UAE, Hungary Strengthen Trade and Investment Partnership
UAE, Hungary

Strengthen Trade and

Investment

Partnership

by FintEdu Admin - Fri ,31 Jan 2025

UAE, 31 January, 2025 : The United Arab Emirates and Hungary have agreed to enhance trade and
investment ties, exploring new opportunities for private-sector collaboration. The agreement was made during

a high-level business roundtable in Abu Dhabi, chaired by Hungarian Prime Minister Viktor Orbán and hosted
by the UAE Ministry of Economy.

The roundtable brought together business leaders from both nations to identify areas of potential growth,
including renewable energy, sustainable technologies, digital transformation, logistics, and aviation. The
discussions aimed to build on the UAE-Hungary Economic Cooperation Agreement signed in 2024 and the

surge in bilateral trade, which nearly doubled from $409 million in 2019 to $799.2 million in 2024.

From the UAE, key attendees included Mohammed Hassan Alsuwaidi, Minister of Investment; Ahmed bin Ali
Al Sayegh, Minister of State; Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; and

prominent business leaders from companies like Emaar, Masdar, Mubadala, ADNOC, and First Abu Dhabi
Bank. The Hungarian delegation, led by Prime Minister Orbán, featured Foreign Minister Peter Szijjarto and

executives from leading Hungarian companies, including 4iG, MOL Plc, and MBH Bank.

Prime Minister Orbán highlighted Hungary’s pro-growth business environment and its commitment to
expanding global trade partnerships. Minister Alsuwaidi emphasized Hungary's importance in the UAE’s

investment strategy, stating that both nations share a vision for long-term economic prosperity.

Ahmed bin Ali Al Sayegh underscored the role of the UAE-Hungary Economic Cooperation Agreement in
fostering private-sector growth and expanding opportunities in key sectors such as industry, trade, investment,

tourism, logistics, and real estate.

Dr. Thani bin Ahmed Al Zeyoudi reiterated the UAE’s commitment to strengthening trade ties, noting
Hungary’s potential as a strategic partner. He highlighted the UAE’s business-friendly environment and world-

class infrastructure as an ideal gateway for Hungarian companies seeking regional expansion.

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