Page 393 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

5/30/25, 2:33 PM On behalf of UAE's President, Thani Al Zeyoudi attends inauguration of President of Ecuador for new term
noted that Ecuador is a promising market for UAE non-oil exports, which increased

46 per cent in 2024 to USD 37 million. He stated these figures can double by
reducing or eliminating customs duties and removing barriers to trade and investment

flows as part of the Comprehensive Economic Partnership Agreement.

Hei added that Ecuador offers many promising investment opportunities for

the UAE business community in key sectors such as agriculture, renewable energy,
mining and logistics, highlighting DP World's successful investment in expanding and

modernizing the Ecuadorian port of Posorja with investments worth USD 1.2 billion.

During the visit, Al Zeyoudi held a number of meetings with ministers and senior

officials in Ecuador, in the presence of Ibrahim Salem Al Alawi, UAE Ambassador to
Peru, Non-Resident Ambassador Extraordinary and Plenipotentiary of the State

to Ecuador, including bilateral meetings with Luis Aberto Jaramilo Granja, Minister of

Production, Foreign Trade, Investments and Fisheries, Roberto Kury, Minister of

Communications and Information Society, and Humberto Plaza, Minister of Urban
Development and Housing.

During these meetings, they discussed ways to increase bilateral cooperation in

sectors of common interest, and ways to provide more opportunities for the business

communities to build new investment and trade partnerships that stimulate economic
growth and shared prosperity. (ANI/WAM)

https://www.aninews.in/news/world/middle-east/on-behalf-of-uaes-president-thani-al-zeyoudi-attends-inauguration-of-president-of-ecuador-for-new-ter… 3/3