Hungary and UAE sign $5.5bn economic cooperation agreement to boost bilateral trade and investment.
Hungary and the UAE have signed a $5.5 billion economic cooperation agreement, aiming to boost bilateral trade and investment flows in priority sectors of mutual interest. The deal, signed in Budapest, will see the UAE developer Eagle Hills revitalize an abandoned industrial area near Rákosrendező train station, transforming it into a new city quarter with tourism, economic, business, and sports functions. The agreement is expected to enhance bilateral partnership and lead to more diverse, robust, and sustainable economic and commercial relations.
March 13, 2024
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