UAE and Angola Discuss Economic Cooperation

Mohamed Bin Hadi Al Hussaini, the UAE's Minister of State for Financial Affairs, recently met with Vera Daves de Sousa, Angola's Minister of Finance, to explore opportunities for bilateral cooperation in various economic sectors. The meeting focused on enhancing ties between the two nations, particularly in trade, investment, and financial services.

During the discussions, Al Hussaini emphasized the UAE's commitment to fostering stronger economic relations with Angola, highlighting the potential for mutual benefits. He noted that the UAE's strategic location and advanced financial infrastructure make it an ideal partner for Angola, which is looking to diversify its economy and attract foreign investment.

The meeting also covered key areas such as energy, agriculture, and technology, where both countries see significant potential for collaboration. The UAE, known for its expertise in renewable energy, expressed interest in supporting Angola's efforts to develop its energy sector, particularly in the areas of solar and wind power.

Additionally, both parties discussed ways to enhance cooperation in the financial sector. Al Hussaini suggested the possibility of establishing joint ventures and partnerships between financial institutions in the UAE and Angola. This would facilitate the exchange of knowledge and expertise, as well as provide access to new markets for both countries.

Daves de Sousa welcomed the UAE's interest in Angola's economic development and expressed optimism about the potential for increased collaboration. She highlighted Angola's ongoing reforms to improve its business environment and attract foreign investment, including the recent implementation of more transparent and investor-friendly policies.

The two ministers also explored the possibility of organizing business forums and trade missions to further promote investment opportunities. These events would provide a platform for businesses from both countries to connect and explore potential partnerships.

The meeting between Mohamed Bin Hadi Al Hussaini and Vera Daves de Sousa marked a significant step towards strengthening economic ties between the UAE and Angola. Both countries are keen to capitalize on the opportunities for cooperation in key sectors, which will undoubtedly contribute to their mutual economic growth and development.
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