The United Arab Emirates (UAE) and Hungary have exchanged several agreements and memoranda of understanding (MoUs) between the two countries.
The MoU aims at expanding avenues of cooperation across a range of development sectors. The exchange took place as part of His Highness’ official visit to Hungary.
The signing was witnessed by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Viktor Orbán, Prime Minister of Hungary.
The agreements and MoUs announced and exchanged by both sides cover various fields, including cooperation in data centres and artificial intelligence projects, green and renewable energy, food and agriculture, family and youth policy, government development and modernisation, energy storage systems, and defence cooperation, among others.
Image Via: WAM | Cropped by GBN
During the meeting, held at the Prime Minister’s Office in Budapest, His Highness and the Hungarian Prime Minister explored opportunities to further boost collaboration in key sectors, including the economic and trade and investment fields.
His Highness affirmed the UAE’s commitment to enhancing cooperation with Hungary to help advance development goals and promote further progress and prosperity for both countries and their peoples.
Sheikh Mohamed also reiterated the UAE’s consistent approach of building bridges of cooperation with countries around the world and continuing to foster productive partnerships based on collaboration and mutual interests.
In 2024, the two countries signed an economic cooperation agreement bolstering the trade between them, and also achieving sustainable economic growth.
