Page 431 - MOE ENGLISH PR REPORT - JULY 2024

7/23/24, 11:23 AM PRESSR: UAE ministers and officials emphasize the importance of the Comprehensive Economic Partnership agreement with Ma…
Al Jaber said: “The potential for collaboration with our own industrialists and

investors is significant, both in terms of supplying the Mauritian economy with

the materials and resources it needs and in helping to develop their industrial
base to ensure stronger, longer-term prosperity. This is an exciting opportunity

to build an important industrial bridgehead into Africa.”

His Excellency Abdulla bin Touq Al Marri, Minister of Economy, said: “Mauritius is

a rapidly growing economy that serves as an important gateway into Africa.

With real GDP growth projected to reach 3.8% and 4.2% in 2024 and 2025,

respectively, Africa has emerged as an important hub of global growth.”

His Excellency added: “The UAE-Mauritius Comprehensive Economic Partnership
Agreement builds on nearly five decades of trade ties between our two nations

and represents another important step in the expansion of our global trading

network and our mission to double the size of our economy to AED 3 trillion by

2031.

Al Marri said: “It’s clear that greater economic integration between our nations

will reap considerable rewards for us both. Our CEPA will enhance the flow of

goods and services between the Gulf and Africa, create new market
opportunities for our exporters, and increase investment into priority sectors

such as logistics, manufacturing, tourism, and financial and professional

services. We look forward to fully realizing the benefits of this deal in the

months and weeks ahead.”

His Excellency Mohammed Hassan Al Suwaidi, Minister of Investment, said: “The

UAE is actively expanding its global network of investment and trade partners

by establishing Comprehensive Economic Partnership Agreements with high-
growth economies around the world. Mauritius, with an 8.5% GDP growth in

2022, the highest in 35 years, is widely recognized as one of the most promising

economies in Africa.”

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