Page 217 - MOE ENGLISH PR REPORT - JANUARY 2025

2/3/25, 3:15 PM UAE, Hungary discuss deepening trade, investment ties
During the meeting, Prime Minister Viktor Orban 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."

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

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