The UAE Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has embarked on an official visit to Hungary, engaging in productive discussions with key Hungarian government and private sector officials to enhance trade, investment, and private sector collaboration between the two nations.
Al Zeyoudi held high-level meetings with Péter Szijjártó, Minister of Foreign Affairs and Foreign Trade of Hungary and Gergely Karácsony, the Mayor of Budapest.
During the discussions, UAE and Hungary explored avenues for expanding trade relations and fostering private sector partnerships that will drive economic growth in both countries.
As part of his visit, Al Zeyoudi also attended a reception at the Embassy of the United Arab Emirates in Budapest. Hosted by Ambassador Saud Hamad Ghanem Hamad Al Shamsi, attendees included leaders from the Hungarian business community.
Bálint Lévai, CEO of BiotechUSA; Gábor Bürchner, Investment Director at GB Partners; Tamás Szauer, CEO of HVG Media; Balázs Gellért, co-owner of Naturtex; Andor Nagy, CEO of Dentons Hungary; Dr. József Varga, CEO of Tolnagro; and László Breier, co-founder of CBA’s chain affiliates were also present.
Dr. Thani bin Ahmed Al Zeyoudi UAE Minister of Foreign Trade
“It is a pleasure to once again visit Hungary. Our shared vision for sustainable development and innovation creates exciting opportunities for collaboration so that we can strengthen our economic relationship. Our partnership has already witnessed significant growth in recent years, with non-oil foreign trade reaching $793.7 million in 2024 and exceeding $434.2 million in the first half of 2025 – a notable 29.4 percent increase year-on-year. Moving forward, we are well-positioned to build on this momentum.”
The ministerial visit follows a number of reciprocal trips by senior officials in recent years, including a visit by UAE leaders in July of this year. During that visit, leaders from both nations witnessed the exchange of several agreements and memoranda of understanding between the two countries, aimed at expanding avenues of cooperation across a range of development sectors.
In 2024, the UAE and Hungary took significant strides to enhance their economic relations by signing an Economic Cooperation Agreement, with the aim to facilitate deeper ties across crucial sectors, including industry, commerce, investment, tourism, logistics, infrastructure, and real estate.
The commitment was further strengthened by the establishment of a joint committee to oversee economic engagements between the two nations. Additionally, multiple Memoranda of Understanding (MoUs) have been signed, covering areas such as agriculture, space, and the establishment of the UAE-Hungary Business Council.
Al Zeyoudi’s visit to Hungary highlighted both nations’ shared vision for sustainable growth and innovation, focusing on boosting trade, investment, and collaboration in renewable energy, technology, construction, and logistics, with optimism for joint ventures and stronger private sector ties.
