Page 205 - MOE ENGLISH PR REPORT - JANUARY 2025

State for Foreign Trade; Saud Al Shamsi, UAE Ambassador to Hungary; Saeed Mubarak Al Hajeri,
Assistant Minister for Economic and Trade Affairs at the UAE Ministry of Foreign Affairs; Rashed
Abdul-Karim Al Blooshi, Undersecretary, Abu Dhabi Department of Economic Development
(ADDED); and Osama Amir Fadhel, Assistant Undersecretary for Industrial Accelerators, UAE
Ministry of Industry and Advanced Technology.

Also in attendance were leading figures from the UAE business community, including, Mohammed
Al Abbar, Founder and Chairman, Emaar Properties; Hatem Dowidar, Group CEO, e&; Mohamed
Jameel Al Ramahi, CEO, Masdar; Walid Al Mokarrab Al Muhairi, Deputy Group CEO - Mubadala
Investment Company; Hareb Mubarak Al Muhairi, CEO, Abu Dhabi Investment Office (ADIO);
Hamad Al Marar, Managing Director and CEO, EDGE; Karim Murad, Global Head of Infrastructure,
Abu Dhabi Investment Authority (ADIA); Khalifa Al Shamsi, CEO, e& International; Martin Tricaud,
Group Head of Investment Banking, First Abu Dhabi Bank; Ahmed Al Hajri, Director of Business
Development, ADNOC; and Rashid Al Sarkal, Head of Corporate Coverage at Emirates NBD.

The Hungarian delegation, led by Prime Minister Viktor Orbán, included Peter Szijjarto, Minister of
Foreign Affairs and Trade; Gellért Jászai, CEO, 4iG; Zsolt Hernádi, Chairman and CEO, MOL Plc;
Zsolt Barna, CEO, MBH Bank; Ferenc Antal, CEO, N7 Holding; Zoltan Guler, Member of the Board of
Directors, Budapest Airport; and Dr. János Kuka, Chairman of the Board of Directors, Festipay Inc.

During the meeting, Prime Minister Viktor Orbán highlighted the dynamism of the Hungarian
economy and efforts to build trade and investment partnerships with markets influencing the global
economic map, including the UAE.

He pointed to the growth prospects stemming from Hungary's pro-growth business environment,
which is fostering innovation and supporting new economic sectors in the nation.

Mohamed Hassan Alsuwaidi, Minister of Investment, underlined the importance of Hungary to the
UAE’s investment strategy. “Our strong and growing bilateral relationship with Hungary reflects our
shared vision for long-term economic prosperity. The UAE remains committed to driving
meaningful, future-oriented partnerships, leveraging our business-friendly environment and diverse
and dynamic economic landscape to provide mutually beneficial outcomes. We recognise
significant potential to expand FDI and look forward to collaborating with Hungary to unlock new
frontiers of innovation and investment, shaping a prosperous future for both nations.”

Ahmed bin Ali Al Sayegh said that the UAE and Hungary continue to explore constructive
collaboration under the UAE-Hungary Economic Cooperation Agreement. “Our nations both share
a commitment to support the private sector as they expand, innovate and create opportunity right
along the value chain. This includes pursuing projects and joint ventures in each other’s countries
as we look to broaden our exposure to regional and global markets. High-level meetings such as the
roundtable serve to strengthen ties of friendship and enhance economic cooperation, and we have
been able to explore collaboration in key sectors such as industry, trade, investment, tourism,
logistics, infrastructure, and real estate which will serve us well in the long term.”

https://en.aletihad.ae/news/uae/4548229/uae--hungary-discuss-deepening-trade--investment-
ties