UAE’s MoE & Cuban government explore bilateral investment opportunities

By Arya M Nair, Official Reporter
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MoE_Cuba bilateral cooperation agreement
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UAE Ministry of Economy (MoE) and the Cuban government have explored opportunities for cooperation and establishing new economic partnerships in various investment and trade sectors such as energy, manufacturing, tourism, agriculture, transportation, communications, information technology, and health.

During the visit to the Havana International Fair 2022, Mr. Abdullah bin Touq Al Marri, Minister of Economy, met with several ministers from the Caribbean nations to discuss mechanisms to enhance economic and trade cooperation, and agreed on new action plans and programs that can help achieve this goal.

Abdullah bin Touq Al Marri_MoE_Cuban Govt explore cooperation
Abdulla bin Touq Al Marri
UAE Minister of Economy

“Caribbean countries are a promising destination for investment and trade as they offer diverse economic opportunities. Therefore, the UAE is keen to develop partnerships with this region’s business community and promote business and investment exchanges in a way that supports the development aspirations of both sides.”

Mr. Al Marri added, “Our visit contributed to apprising the Caribbean private sector of the numerous economic initiatives that were recently launched by the UAE in line with its wise leadership’s vision for the future, most notably the Projects of the 50, including the Investopia Summit and the Comprehensive Economic Partnerships Agreements program.”

Furthermore, the ministry called on the Caribbean business community to capitalize on the incentives and investment opportunities offered by the UAE’s business and investment environment in various economic and trade sectors, especially the sectors of the new economy, real estate, energy, renewable energy, financial activities, insurance, and tourism.

In addition, Dr. Badr Abdullah Al Matroushi, UAE Ambassador to the Republic of Cuba, confirmed that the bilateral relations between the UAE and Cuba go back several years and are unique thanks to strengthening cooperation in various fields. He also underlined Investopia’s prominent role in supporting climate action in the Caribbean countries, ensuring them sustainable and healthier economies in the future.

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