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UAE, Hungary discuss deepening trade, investment
ties
(WAM)
30 Jan 2025 18:24
ABU DHABI (WAM)
The United Arab Emirates and the Republic of Hungary agreed to strengthen trade and investment
ties and explore new opportunities for private-sector collaboration during a high-level business
roundtable chaired by Viktor Orbán, Prime Minister of Hungary, in Abu Dhabi on Thursday.
The roundtable, which was hosted by the UAE Ministry of Economy, brought together prominent
business leaders from both nations to identify areas of maximum potential in each other’s markets,
including renewable energy, sustainable technologies, digital transformation, logistics and aviation.
The roundtable was part of Prime Minister Orbán’s official visit to the UAE, which was designed to
build on the Economic Cooperation Agreement signed between the two countries in 2024 and the
marked increase in trade in the last five years. Between 2019 and 2024, the value of bilateral non-oil
trade nearly doubled, growing from $409 million to $799.2 million.
From the UAE side, the roundtable was attended by Mohammed Hassan Alsuwaidi, Minister of
Investment; Ahmed bin Ali Al Sayegh, Minister of State; Dr. Thani bin Ahmed Al Zeyoudi, Minister of
https://en.aletihad.ae/news/uae/4548229/uae--hungary-discuss-deepening-trade--investment-
ties
