Page 214 - MOE ENGLISH PR REPORT - JANUARY 2025

2/3/25, 3:15 PM UAE and Hungary commit to deepening trade and investment ties during Abu Dhabi roundtable chaired by Prime Minister Orban - Mi…
His Excellency Dr. Thani bin Ahmed Al Zeyoudi emphasized 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 US$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.

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