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Press Release

H.E. Bin Touq holds talks with President of Paraguay to expand

economic partnership between the two countries

Opportunities in priority sectors including tourism, entrepreneurship, renewable
energy, transport, logistics, and infrastructure explored

Abu Dhabi, 27 May 2025 – In a significant step toward strengthening economic ties between the
UAE and the Republic of Paraguay, H.E. Abdulla bin Touq Al Marri, UAE Minister of Economy,
welcomed H.E. Santiago Peña, President of Paraguay, and his accompanying delegation during an
official visit to the UAE, aimed at deepening bilateral cooperation.

President Santiago Peña expressed his admiration for the UAE’s pivotal role in fostering regional
progress and reaffirmed Paraguay’s dedication to enhancing economic collaboration across
multiple sectors.

H.E. Bin Touq emphasized the UAE’s commitment to strengthening ties with its global partners.
He highlighted the growing friendship and cooperation between the UAE and Paraguay, driven by
a shared ambition to advance relations in economic, trade, and investment fields.

The meeting was attended by key officials from both sides. Representing the UAE were H.E. Dr.
Alia Alhababi, UAE Ambassador to Paraguay; H.E. Dr. Maria Alqassim, Assistant Undersecretary
for Economic Policies and Studies at the Ministry of Economy; H.E. Safia Al Safi, Assistant
Undersecretary for Commercial Control and Governance; H.E. Omar Saeed Bin Ghalib, Deputy
Director General of the General Civil Aviation Authority; and Mohammed Al Blooki, General
Director of Trimanels Holding. The Paraguayan delegation included H.E. Rubén Ramírez Lezcano,
Minister of Foreign Affairs; H.E. Luis Alberto Castiglioni, Minister of Industry and Commerce;
and H.E. Caroline Konther Lopez, Paraguayan Ambassador to the UAE.

Both sides underscored the importance of knowledge exchange and bolstering economic, trade,
and investment partnerships at governmental and private levels. They highlighted Paraguay’s
promising economic potential, which aligns with the UAE’s focus on building a competitive,
knowledge-based economy, particularly in sectors such as tourism, entrepreneurship, renewable
energy, transport, logistics, food security, AI, and infrastructure.

During the discussions, H.E. Bin Touq underlined the strong economic performance of both
nations, with the UAE’s non-oil GDP growing by 4.5 per cent to AED 987 billion in the first nine

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