Page 442 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

5/28/25, 10:39 AM On behalf of UAE’s President, Thani Al Zeyoudi attends inauguration of President of Ecuador for new term - Aletihad News Center
On behalf of both the leadership and people of the UAE, he also wished President Noboa continued success in
achieving all the aspirations of the people of Ecuador.

For his part, Ecuadorian President Daniel Noboa conveyed his greetings to President His Highness Sheikh Mohamed

bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of
the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime
Minister and Chairman of the Presidential Court.

President Noboa expressed his sincere thanks and appreciation for the UAE's participation in the presidential

inauguration ceremony, praising their mutual desire to consolidate friendly relations between the two countries. He
wished the UAE continued prosperity, and stated his confidence that their positive future relations will help to achieve
the development goals of their two peoples.

The presence of Al Zeyoudi, on behalf of the President of the UAE, at the presidential inauguration ceremony reflects
the depth of the friendly relations between the UAE and Ecuador, and the mutual desire of the two countries to

continue to elevate these relations to new levels.

Al Zeyoudi stressed that trade and investment relations between the UAE and Ecuador are set to flourish, thanks to

the Comprehensive Economic Partnership Agreement which the two countries are currently continuing constructive
negotiations towards. These negotiations are reaching the final stages.

Al Zeyoudi said that the two countries can build on their non-oil bilateral trade, which reached $360.7 million in 2024,
by providing new opportunities for the business communities of both sides to build new trade and investment

partnerships.

Al Zeyoudi noted that Ecuador is a promising market for UAE non-oil exports, which increased 46% in 2024 to $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.

He 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 $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.

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