Page 596 - MOET ENGLISH PR REPORT - JUNE 2025

6/16/25, 5:17 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

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