Page 583 - MOET ENGLISH PR REPORT - JUNE 2025

6/16/25, 5:15 PM H.E. Bin Touq holds high-level meetings in Cyprus and Greece to strengthen economic partnerships and expand tourism collaborati…
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 tourism, hospitality, and related

investment sectors. H.E. also highlighted how the initiative will reinforce the UAE’s status as a
global frontrunner in tourism innovation and destination development.

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