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4/29/24, 3:31 PM UAE explores potential avenues for cooperation with Estonia – The Gulf Time Newspaper
UAE explores potential avenues for cooperation

with Estonia

DUBAI / WAM

Abdullah bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Tiit Riisalo, Minister of

Economic Affairs and Information Technology in the Republic of Estonia. The meeting explored the
possibilities for expanding cooperation in key sectors between the two countries, including the new
economy, entrepreneurship, tourism, aviation, technology, artificial intelligence, transportation, and small

and medium enterprises (SMEs).
Bin Touq highlighted that the UAE and Estonia have established robust and advanced relations across

various sectors thanks to a shared aspiration to foster and advance economic cooperation with the unlimited
support of both leaderships.
He said, “The economic ties between the two countries continue to expand across different activities and

sectors. We are committed to enhancing these relations and propelling them to new levels, offering more
opportunities for partnerships at the private sector level. This meeting marks a significant milestone in

further strengthening our economic partnership, particularly in new economic sectors that hold immense
potential for creating a more prosperous and advanced future.”
Bin Touq emphasised the UAE’s journey in transitioning to a more diversified new economic model,

highlighting its efforts in fostering sustainable and holistic economic development. The non-oil sectors now
contribute 73 percent to the national economy, a testament to the successful implementation of the country’s
economic strategies and policies, under the wise leadership’s directives. He also discussed several

initiatives that bolster the nation’s transition towards new economic sectors, such as the Future 100,
Investopia, and The Entrepreneurial Nation.

In this particular context, Bin Touq emphasised the opportunity for the Estonian private sector to capitalise
on the growth enablers offered by the UAE’s business environment and its promising economic prospects.
He also highlighted the country’s flexible and competitive economic regulations and policies that facilitate

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