Péter Szijjártó, Minister of Foreign Affairs and Trade, said tech-oriented Hungarian companies can benefit greatly from the opportunities offered by the Gulf countries, and the Hungarian government is fully supporting investments in the region.
During a meeting with his Omani counterpart, Sayyid Badr Albusaidi, in Muscat, Minister Szijjártó said international investments were key to the success of the Hungarian economy. The strategic cooperation between Hungarian oil and gas company MOL and Oman’s oil major is a backbone of Hungarian-Omanian partnership, he said. Other companies are eyeing cooperation in building up a sustainable energy sector in the country, he said.
The delegation headed by Minister Szijjártó comprised the representatives of 24 Hungarian companies. One company has already secured an agreement on building a solar energy park worth 10 million euros, he said. Oman and Hungary also signed an investment protection agreement earlier on Wednesday, and Hungary’s Eximbank has opened a 56 million dollar credit line to support joint ventures, he said. Minister Szijjártó also called for closer cooperation between the Gulf states and the European Union. Hungary supports scrapping visas for travellers to the EU, “as we see no risks, only advantages and potential profit, in doing so,” he said.
Photo credit: Facebook/Szijjártó Péter