Page 206 - MOE ENGLISH PR REPORT - JANUARY 2025

Dr. Thani bin Ahmed Al Zeyoudi emphasised the UAE’s commitment to further strengthening trade
and investment ties with Hungary, building on continuous growth in non-oil trade. “Our partnership
with Hungary is built on a shared desire to drive long-term sustainable economic growth. We are
both committed to developing priority sectors such as manufacturing, logistics, agriculture,
transport and financial and professional services, and believe private-sector collaboration are the
optimum means of doing so. Just as we see many opportunities for strategic investment in Hungary,
we believe the UAE’s business-friendly environment, world-class infrastructure and strategic
location offers Hungarian companies an ideal platform for expansion into the region and beyond.”

Non-oil trade between the UAE and Hungary has been on an upward trajectory since 2019, reaching
$799.2 million in 2024. Today, the UAE accounts for 62% of Hungary’s total trade with the GCC
region, reinforcing its role as a strategic hub for trade and investment in the Middle East.

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