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7/10/25, 3:52 PM Company News in Egypt: UAE and Cuba hold first session of their Joint Economic Committee to enhance cooperation in trade, inve…
The Committee was co-chaired by H.E. Abdullah Ahmed Al Saleh, Undersecretary
of the Ministry of Economy and Tourism, and H.E. Carlos Luis Jorge Méndez, First
Deputy Minister of Foreign Trade and Investment of Cuba. The Committee is a key
outcome of the trade, economic, and technical cooperation agreement signed
between the two countries. The session was attended by H.E. Hazza Ahmed Al
Kaabi, UAE Ambassador to Cuba; H.E. Norberto Escalona Carrillo, Cuban
Ambassador to the UAE; along with senior government representatives from both
nations.

H.E. Abdullah Al Saleh highlighted that UAE-Cuban bilateral relations continue to
progress steadily, particularly in the economic and commercial domains, in line with
the leadership’s forward-looking vision to promote mutual prosperity, growth and
long-term strategic partnership.

H.E. Abdullah Al Saleh, said: “The convening of the first session of the Joint
Economic Committee between the two nations marks a pivotal step in advancing
economic and investment relations between the UAE and Cuba. It paves the way for

broader cooperation across priority sectors, deeper engagement between the two
countries’ business communities, and unlocking promising opportunities in both
markets, all supporting the UAE’s strategic goals under the ‘We the UAE 2031’
vision.”

During the meeting, both sides agreed to establish a joint working framework to
oversee the implementation of committee outcomes that guide future cooperation
between the two nations in the coming period, propelling it towards further growth
and prosperity. They also committed to organising joint business forums and
economic events, facilitating trade delegation exchanges, and identifying new
avenues to expand bilateral commercial relation.

Promoting investment opportunities in both markets
The UAE and Cuba reaffirmed their shared commitment to increasing trade flows
and investment exchanges between Emirati and Cuban business communities. This
also includes exploring opportunities in advanced economic sectors biotechnology,
healthcare services, renewable energy, tourism, agriculture, and manufacturing. Both
parties proposed hosting joint meetings, seminars, and workshops involving
investors, investment promotion agencies, and investment firms to facilitate
investment in priority sectors and leverage the incentives offered by both countries.

Entrepreneurship and Start-ups
Both nations emphasised the importance of advancing economic cooperation
through the development of partnerships in the entrepreneurship and start-up
ecosystem. This aims to accelerate the growth of small and medium-sized enterprises

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