The Scottish Government and the United Arab Emirates Ministry of Investment have signed a Memorandum of Understanding (MoU) to enhance investment cooperation between the two nations and encourage greater investment flows.
The MoU strengthens the UAE’s continuous work to support long-term economic ties that help diversify the economy, promote sustainable development, and encourage growth that can withstand shocks. The MoU was signed by Mohammad Abdulrahman Alhawi, who is the Under-Secretary of the UAE Ministry of Investment, and The Right Honourable Kate Forbes MSP, who is the Deputy First Minister and Cabinet Secretary for Economy and Gaelic.
The agreement sets up a structured way for the UAE and Scotland to work together to promote and facilitate investment. It also makes it easier for government agencies, investment promotion agencies, chambers of commerce, business associations, and private-sector stakeholders in both countries to collaborate.
The goal of the partnership is to promote the movement of money, technology, and knowledge, while also encouraging long-term economic growth, diversification, and prosperity in both economies.
The MoU says that cooperation will focus on sharing information about investment laws, policies, rules, and procedures; finding and promoting investment opportunities in areas of mutual interest; and making it easier for public and private sector organisations to work together.
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