UAE, Romania to enhance investment exchanges

UAE, Romania to enhance investment exchanges

DUBAI - Abdullah Bin Touq Al Marri, Minister of Economy, and Mircea Abrudean, Head of the Chancellery of the Romanian Prime Minister, discussed trade and economic cooperation between the two countries in priority sectors, especially investments. The meeting was on the sidelines of the World Government Summit (WGS) 2023.

Bin Touq emphasised the solid relations between the UAE and Romania, highlighting the shared aspirations to strengthen economic cooperation to drive sustainable economic development. He explained that both countries possess excellent capabilities and enjoy strategic geographical locations that enable access to the Middle Eastern, Asian, European, and African markets.

He said, “The nature of today’s challenges makes cooperation and strengthening existing trade and economic ties inevitable. This is particularly true for transportation, logistics, food security, energy and other strategic sectors. The UAE is keen to solidify cooperation with all global partners through our innovative initiatives.”

Moreover, both sides agreed on the need to forge new economic and trade partnerships in food security, transportation, logistics, and technology sectors, which contribute to cementing economic relations between the two countries.

In addition, Bin Touq elaborated on the prominent developments in the UAE economy, which have made the country an ideal global destination for business and investments. These developments