United Arab Emirates and Ireland to Boost Investment and Exchange

 

The United Arab Emirates (UAE) and Ireland have agreed to a number of initiatives aimed at promoting investment flows and exchange of knowledge between the two nations.

The two countries are looking to tap into each other's strengths, with the UAE offering its extensive experience in sectors such as renewable energy and technology, while Ireland is offering its expertise in the fields of pharmaceuticals and finance.

The announcement was made during a virtual meeting between H.E. Abdullah Al Saleh, Undersecretary of the Ministry of Economy, and H.E. Maurice Manning, Irish Ambassador to the UAE. The meeting aimed to explore opportunities for cooperation in various fields, such as trade, investment, tourism and technology, and to develop a roadmap for enhancing economic ties between the two countries.

“The UAE and Ireland have a long-standing relationship, and we are confident that the cooperation between our countries will bring significant benefits to both,” Al Saleh said. “Our focus is to increase trade, investment and technology exchange between the two nations, and to create a platform that will allow us to build on our strengths and explore new opportunities.”

The two nations also plan to establish a Joint Economic Committee to oversee the implementation of the initiatives agreed upon, as well as to explore new areas for collaboration.

The cooperation between the UAE and Ireland is expected to have a positive impact on both economies, by boosting trade and investment flows, creating new jobs and driving economic growth. It is also expected to help both countries to better position themselves in the global economy, by leveraging each other's strengths and expertise.

The move is a clear indication of the UAE's commitment to strengthening its economic ties with countries around the world, and its continued focus on creating a business-friendly environment that encourages investment and innovation.

In conclusion, the UAE and Ireland's collaboration will bring significant benefits to both economies and serve as a model for other countries looking to foster investment and exchange. The Joint Economic Committee will play a key role in ensuring the successful implementation of the initiatives agreed upon, and in exploring new opportunities for collaboration.