Page 575 - MOET ENGLISH PR REPORT - JUNE 2025

6/16/25, 5:14 PM H.E. Bin Touq holds high-level meetings in Cyprus and Greece
sectors such as innovation, digital infrastructure, food security, renewable energy, smart tourism
technology, and sustainable environmental practices.

The meetings took place on the sidelines of the inaugural Investopia Global – Mediterranean Edition in
Cyprus, which drew broad participation from ministers, government officials, business leaders,

investors, entrepreneurs, and decision-makers from the UAE, Lebanon, Cyprus, and across Europe.
The meetings were also attended by H.E. Mohammad Alhawi, Undersecretary of the Ministry of
Investment; H.E. Mohammad Saif Al Shehhi, UAE Ambassador to the Republic of Cyprus; and H.E.
Shaikha Nasser Al Nowais, Secretary-General Elect of UN Tourism for the 2026–2029 term.

During the discussions, H.E. Bin Touq elaborated on the UAE’s efforts to accelerate the growth and
diversification of the national economy, increase non‑oil sector contributions to GDP, and accelerate the
transition to an innovative, knowledge‑based economic model. H.E. also highlighted the national goals
of the ‘We the UAE 2031’ vision and their role in reinforcing the UAE’s position as a global hub for
business, investment, and the new economy by next decade.

H.E. Bin Touq’s meeting with H.E. Georgios Papanastasiou, Minister of Energy, Commerce and Industry
of Cyprus, explored the expansion of economic partnership between the UAE and Cyprus and the
creation of new pathways for business communities in both countries to establish strategic partnerships.
H.E. noted that the longstanding relations between the two countries are built on mutual understanding

and fruitful cooperation, marked by continuous development across all strategic sectors, particularly
economic and investment ones.

The meeting explored opportunities to expand support mechanisms for UAE companies operating in
Cyprus, facilitating their growth in the market. It also emphasized the potential for Cypriot exporters to
leverage the UAE’s strategic position as a global business and investment hub. Furthermore, the UAE’s

extensive network of regional and international economic partnerships and trade agreements offers
significant advantages for export and import activities, creating mutually beneficial opportunities for both
nations.

The Minister of Economy also met with H.E. Dr. Konstantinos Kombos, Minister of Foreign Affairs of

Cyprus, to explore avenues for deepening bilateral economic cooperation in key areas of mutual
interest. H.E. Bin Touq reaffirmed the UAE’s commitment to fostering stronger economic ties with
Cyprus, particularly in future-oriented sectors such as energy, renewable energy, and industry. Both
sides emphasized the potential for collaboration in sustainable economic projects and underscored the

value of knowledge exchange and best practices to drive mutual growth.

During a separate meeting with H.E. Kostas Koumis, Minister of Tourism of the Republic of Cyprus, H.E.
Bin Touq elaborated on the UAE Tourism Strategy 2031, outlining its comprehensive framework to
enhance the country’s appeal as a premier destination for international travelers and investors alike. The

strategy aims to position the UAE as the world’s leading tourism hub by 2031, driving growth across

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