Page 586 - MOE ENGLISH PR - APRIL 2024

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

The skyline of Bogota, Colombia. Bloomberg

The two countries have also signed co-operation agreements in renewable
energy, environment, hydrogen, travel, free zones and artificial intelligence.

“The UAE-Colombia Cepa will open a promising new chapter in deepening
economic ties between the two nations, enabling businesses to benefit from

access to not only each other’s markets but also their respective regions,” said
President Sheikh Mohamed, who witnessed the signing of the agreement

along with the Colombian President Gustavo Petro.

The Arab world’s second largest economy aims to boost non-oil foreign trade

to more than Dh4 trillion ($1 trillion) by 2031 with new trade deals.

It has so far concluded Cepas with India, Turkey, Israel, Indonesia, Cambodia,
Feedback
Georgia, as well as with Mauritius, Kenya, the Republic of Congo, Colombia
and Costa Rica.

The UAE's plans to invest in Colombia’s green hydrogen sector come as the

country positions itself as a major hydrogen producer with plans to export to
global markets.

https://www.thenationalnews.com/business/economy/2024/04/20/colombia-aims-to-attract-uae-investment-worth-700-million-after-signing-cepa/ 3/4