Page 565 - MOET ENGLISH PR REPORT - JULY 2025

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…
(SMEs), increase their investments, support their international expansion, and
increase their contribution to national GDPs.

Food Security and Agriculture
Food security and agricultural cooperation were identified as key priorities. The two
sides agreed to enhance trade in food commodities and agricultural products, and
collaborate on sustainable farming practices, food processing, and agricultural
technology in the coming period.

Tourism
The UAE and Cuba underscored the potential of tourism as a pillar of bilateral
relations. They highlighted organising joint tourism exhibitions, events, and
conferences in the coming period to showcase the two countries’ major tourist
attractions and historical landmarks. The cooperation will also involve sharing
expertise on tourism development, compilation of tourism statistics, and digital
innovations and technologies to enhance sector competitiveness.

UAE-Cuba Trade and Investment Exchanges
Non-oil trade between the UAE and Cuba continues to gain momentum, surpassing
USD 39.1 million in 2024, indicating an increase of over 2 per cent from 2023 and
46.4 per cent growth compared to 2022. In Q1 2025 alone, bilateral non-oil trade
grew by 5.6 per cent compared to Q1 2024 and over 25 per cent from Q4 2024.
Currently, more than 825 Cuban brands are actively operating within UAE markets.

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