Page 585 - MOE ENGLISH PR - APRIL 2024

4/24/24, 11:51 AM Colombia aims to attract UAE investment worth $700 million after signing Cepa

Listen In English Listen in Arabic
Powered by automated translation

Colombia aims to attract investment between $600 million and $700 million
after the South American country signed the Comprehensive Economic
Partnership Agreement (Cepa) with the UAE on Friday.

The new investment from the UAE is expected to be made in sectors including

green hydrogen and digital economy, according to Colombia’s trade, industry
and tourism minister.

The new deal “will enhance the trade and investment co-operation between
the two countries, with the participation of their private sectors in business,

services, trade, investment, and other vital sectors that will have a positive
economic impact”, German Mendoza told the state-run news agency Wam.

“It will open a new trade corridor between
READ MORE
South America and the Middle East, which are
UAE and Costa Rica sign Cepa deal
to boost investment and trade ties key markets with more than 800 million
consumers.”
UAE signs 11th economic
partnership deal amid trade The UAE and Colombia have continued to
expansion push strengthen economic ties, with non-oil trade

between the two countries rising by 43 per
cent in 2023 to reach a record $53.1 million, more than double the total

achieved in 2021.

Feedback

https://www.thenationalnews.com/business/economy/2024/04/20/colombia-aims-to-attract-uae-investment-worth-700-million-after-signing-cepa/ 2/4