Moldova and the UAE plan to implement joint projects for investment in renewable energy and infrastructure
This was stated by the Minister of Economic Development and Digitalization Dumitru Alaiba after a meeting with the Minister of Economy of the United Arab Emirates Abdulla Bin Touq Al Marri at the World Economic Forum in Davos. The parties discussed a number of topics of common interest, including trade and investment. Dumitru Alaiba noted that in January-November 2024, the volume of foreign trade between Moldova and the UAE amounted to $54.7 million. "This is a good start, but not enough. Moldova can do more, and our goal is clear: to increase these figures and open new horizons for the economy of our country," the Minister of Economic Development and Digitalization emphasized. He told his counterpart from the UAE about the competitive advantages that Moldova offers to investors: a qualified workforce, a strategic geographic location and a friendly business environment. At present, there are 21 companies with Emirati capital operating in Moldova. In terms of the volume of investments in the authorized capital of enterprises, the UAE ranks 17th among investors in our country. "In this context, we also touched upon the topic of investments in renewable energy and infrastructure, agreeing to identify specific joint projects. Our goal is to export more, create products with added value and attract new investments. This means stable jobs, higher wages and a secure future for our citizens here at home," emphasized Dumitru Alaiba.// 23.01.2025 — InfoMarket.
