Page 216 - MOE ENGLISH PR REPORT - JANUARY 2025

2/3/25, 3:15 PM UAE, Hungary discuss deepening trade, investment ties
in each other's markets, including renewable energy, sustainable technologies, digital

transformation, logistics and aviation.

The roundtable was part of Prime Minister Orban'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 US$409 million to USD 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; Thani bin Ahmed Al Zeyoudi, Minister of 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 Orban, included Peter

Szijjarto, Minister of Foreign Affairs and Trade; Gellert Jaszai, CEO, 4iG; Zsolt
Hernadi, 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 Janos Kuka, Chairman of the Board of Directors, Festipay Inc.

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