PM Orbán meets UAE President during his first official visit to Hungary
During the visit, Hungary signed 14 agreements with the UAE that will create new opportunities in the two countries' relations.
During the visit, Hungary signed 14 agreements with the UAE that will create new opportunities in the two countries' relations.
"This is not only an important diplomatic event but also a historic moment," Minister Szalay-Bobrovniczky said.
Minister Szijjártó said the European Union could benefit from closer cooperation with the Gulf Region in light of the region's marked improvement in competitiveness, even as the EU's competitiveness had...
Minister Szalay-Bobrovniczky noted that he had discussed the possibility of defense industry cooperation with Mohammed Fadel Al Mazrouei, the UAE's minister of state for defense, in the spring.
The foreign minister said the two countries would sign a defense industry cooperation agreement in Abu Dhabi because the UAE was making significant efforts towards innovation and the development of its defense industry.
The prime minister will hold talks with Sheik Mohammed bin Zayed Al Nahyan, the president of the UAE.
Bilateral trade turnover increased by 8% last year, and Hungarian exports to the UAE are up by 18% so far this year.
The agreement comprises cooperation in industry, trade, investments, tourism, logistics and related sectors.
Minister Szijjártó said the “flagship” project by UAE developer Eagle Hills would give new impetus to the two countries’ economic cooperation, as well as Budapest’s development.