Page 344 - MOE ENGLISH PR REPORT - JUNE 2024

entrepreneurs to enter and expand their businesses into new markets, in line with the
vision of both countries to transition to innovative economic models.

The UAE and Hungary agreed on continuing the exchange of expertise and knowledge,
while also seeking insights from best practices adopted in various fields such as
agriculture, food security, animal husbandry, food industry, water and environmental
management and protection, energy, and renewable energy. In addition, the session
explored innovative methods to stimulate tourism flows and foster new avenues for
collaboration between tourism companies in both countries. Notably, air traffic between
the UAE and Hungary continues to grow, with more than 56 flights currently operating
between the two destinations every month.

The two parties highlighted the significance of continued exchange of knowledge
between the public and private sectors in both countries. They noted the importance of
keeping pace with the latest advancements in modern technology and applications
artificial intelligence in the transition towards green growth, energy efficiency,
entrepreneurship, and the development of new economy sectors.

https://www.gulftoday.ae/business/2024/06/21/uae-hungary-agree-to-develop-partnership-in-the-
new-economy