Abu Dhabi — The UAE’s Ministry of Economy yesterday (Friday) discussed ways to establish economic and investment relations with Cuba.
During the meeting held between Abdullah Bin Ahmad Al Saleh, Undersecretary at the ministry, and Rodrigo Malmierca, Cuba’s Minister of Trade and Foreign investment, Al Saleh stressed that the UAE and Cuban government must work on preparing and promoting the private sector’s investment environment by signing agreements to protect and encourage investments, as well as a tax avoidance agreement.
Al Saleh also indicated the importance of setting up an air bridge between the two countries, which will allow for the transport of businessmen, tourists and products from UAE and Cuba.
Malmierca said that the Cuban government is keen on building trade and economic relations with the UAE, and added that Cuba is currently working on comprehensively developing all its economic sectors and ensuring the presence of necessary legislations to attract foreign investments.
He praised the continued progress achieved by the UAE economy, and the vision of its leadership to transform the country into a key economic hub in the region.
The meeting was held on the sidelines of the UAE-Cuba business forum, which was organised by the UAE’s Foreign Ministry at Atlantis The Palm Hotel.
