Page 218 - MOE ENGLISH PR REPORT - JANUARY 2025

2/3/25, 3:15 PM UAE, Hungary discuss deepening trade, investment ties
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 USD 799.2 million in 2024. Today, the UAE accounts for 62 per cent

of Hungary's total trade with the GCC region, reinforcing its role as a strategic hub

for trade and investment in the Middle East. (ANI/WAM)

https://www.aninews.in/news/world/middle-east/uae-hungary-discuss-deepening-trade-investment-ties20250130182514/ 4/4