Page 68 - MOET ENGLISH PR REPORT - JUNE 2025

Press Release

with investments exceeding USD 7 billion, while Spanish investments in the UAE surpassed USD
408 million.

H.E. Bin Touq said: “Through this Committee, we aim to transform these promising indicators
into tangible, results-driven initiatives across key sectors such as renewable energy, logistics,
industry, and digital transformation, in addition to supporting SMEs, thereby enabling their
expansion into international markets.”

Development of joint action plan focused on future economy

H.E. Bin Touq added: “During the meeting, we agreed on a comprehensive economic cooperation
program for the next phase, involving both public and private sector entities from the UAE and
Spain. This program will focus on future economy sectors with an aim to stimulate high-value
investments, strengthen public-private communication channels, create new development
opportunities. Ultimately, it will advance our economic ties to greater heights, contributing to
solidifying both countries’ positions as influential economic powers in the Middle East and
Europe.”

Expanded agenda

The Committee’s agenda featured in-depth discussions between representatives of government
entities and business communities from both countries. Key topics included mechanisms to
diversify bilateral trade, enhance the investment climate in sectors of mutual interest, and organize
joint economic events to highlight promising trade and investment opportunities in both markets.

The two sides also explored avenues for cooperation across a range of priority economic areas,
with a particular focus on the green and circular economies, agricultural technology, and food
security. Discussions underscored the shared commitment to strengthening partnerships and
expanding opportunities for sustainable mutual growth.

Expanding UAE–EU trade cooperation

The JEC session reviewed shared visions for enhancing cooperation between the UAE and Europe.
Discussions focused on ways to boost trade flows and foster future partnerships between the UAE
and Eurozone countries, emphasizing the importance of sustained coordination to promote the
growth and long-term sustainability of both economies.

Both parties expressed strong support for the recently signed MoU between the Federation of UAE
Chambers of Commerce and Industry and the Spanish Chamber of Commerce. This landmark
agreement paves the way for the establishment of a UAE-Spain Joint Business Council, designed
to strengthen economic ties by fostering direct communication between the private sectors of both
countries. The Council will serve as a dynamic platform to strengthen trade relations, facilitate
investment opportunities, and advance joint initiatives across key sectors of mutual interest.

Expansion into foreign markets is a strategic priority for both nations