Connect with us

Business & Money

HE Dr Thani Al Zeyoudi discusses trade and investment opportunities with Mongolian ministers in Ulanbataar



  • UAE-Mongolia non-oil trade reached US$18.6 million in 2022, up 31 percent to compared to 2021.
  • HE Dr Thani addressed the delegates at the Mongolia Economic Forum
  • HE Al Zeyoudi: “Mongolia remains a valued trade partner for the UAE in Asia, with its open trade policies, regional integration, and commitment to economic diversification.”

His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, headed a UAE delegation to the Mongolia Economic Forum in Ulaanbaatar this week, where he met senior government officials to strengthen economic collaboration and foster investment flows between the two nations.

During the two-day event, HE Al Zeyoudi held bilateral meetings with His Excellency Ch. Khurelbaatar, Mongolia’s Deputy Prime Minister and Minister of Economy and Development, and His Excellency Y. Sodbaatar Chief of Staff of the President’s Office, during which, both sides explored the means to develop the partnership and underlined their commitment to enhance trade and investment cooperation. The two sides also discussed the latest developments relating to the 13th ministerial meeting of the World Trade Organisation (WTO) which will be hosted by the UAE in 2024.

HE Dr Thani also met Her Excellency B. Battsetseg, Minister of Foreign Affairs of Mongolia, to explore the opportunities in emerging sectors such as agriculture and food security in addition to exploring potential joint investments in the mining sector, and His Excellency S. Byambatsogt, Minister of Road and Transport development of Mongolia, where they reviewed Mongolia’s status as a bridge between China and Russia and how that can catalyze its logistics and aviation sectors

HE Al Zeyoudi said: “Mongolia is a valued partner for the UAE in Asia, with increasingly open trade policies, strong regional integration, and commitment to economic diversification. By further strengthening trade ties, we can mutually benefit from increased market access and the exchange of goods, services, and technologies that contribute to the sustainable growth and prosperity for both our countries. The discussions held during the Mongolia Economic Forum have highlighted the immense potential for cooperation in these areas, while setting the foundation for stronger economic cooperation in the years ahead.”

HE Dr Thani also used the occasion to meet Mongolia’s leading business executives to identify opportunities for private sector cooperation in fields such as logistics, mining and food production. Here, he promoted the UAE’s enabling business ecosystem and incentives such as the NextGenFDI program that offer seamless market access for pioneering companies.

Additionally, HE Al Zeyoudi showcased the UAE’s leading industrial and special economic zones model through a panel discussion at the event titled ‘Trade Opportunities: Special Economic Zones’, where he joined members of Mongolia’s parliament and other regional stakeholders to build consensus on the effective utilization of special economic zones to stimulate economic development.

UAE is Mongolia’s number trading partner in the Arab World. Non-oil bilateral trade reached US$18.6 million in 2022, a 31 percent increase on 2021.



Sports5 months ago

Continental Racing: Emirati Team Clinches Victory in GT4 Class at the Hankook 24H Dubai

In a weekend filled with high-octane excitement, the celebrated Hankook 24H Dubai race returned to the famed Dubai Autodrome, continuing...

Art & Culture5 months ago

du achieves the Best Culture & Employee Engagement in the Region with 81% Rating in Glint’s Index

du, from Emirates Integrated Telecommunications Company (EITC), today announced results of the Culture & Employee Engagement Index survey conducted through...

Food & Beverages5 months ago

Dinner on the Beach: A Culinary Journey with French Flair at Drift Beach Dubai

This Valentine’s Day, DRIFT introduces a captivating experience – Dinner on the Beach. For the first time at DRIFT, relish...

Travel & Tourism5 months ago

Readers are rewarded at emirates airline festivals of literature

Emirates Airline Festival of Literature kicked off the first day of their 2024 edition with a ceremony to honour the...

Events & Happenings5 months ago

Abu Dhabi Festival 2024 Honors Giacomo Puccini’s Legacy With Spectacular Gala Concert

In the presence of H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah,...

Healthcare5 months ago

Emirates Health Services concludes its successful participation in Arab Health 2024

Emirates Health Services, the exclusive partner in healthcare services, successfully concluded its participation in Arab Health 2024, which concluded on...

Automotive5 months ago

Ride in Style: Don’t Miss Out on Arabian Automobiles’ Renault Duster Offers

Renault of Arabian Automobiles, the exclusive Renault dealership serving Dubai, Sharjah, and the Northern Emirates, and a flagship company within...

Information & Technology5 months ago

Emirates Post Group Unveils New Brand Identity ‘7X’ for Future

Emirates Post Group Company (EPG) has unveiled its new brand identity – 7X – during an exclusive event at Madinat...

Health & Fitness5 months ago

Emirates Health Services “Basma” Project Addresses Healthcare Requirements in 313 Schools

Dr. Shamsa Majid Lootah, Director of the Public Health Department at Emirates Health Services (EHS), announced the launch of the...

Health & Fitness5 months ago

MoHAP hosts panel discussion on Nursing future at Arab Health 2024

"Nursing… Ambitious Future Insights"

News5 months ago

‘Vilal Housing’ to deliver 50 Residential Villas by 2024 to its Clients in the UAE

The nation-wide company constructs homes exclusively for UAE citizens across 7 emirates

News5 months ago

Statement by Ahmad bin Meshar Al Muhairi, Secretary General of SLC

on the Anniversary of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum’s accession as the Crown Prince of...

Automotive5 months ago

Audi Middle East and Museum of the Future enter 3rd year of partnership, with the showcase of the revolutionary activesphere concept

Audi Middle East and Museum of the Future have announced the arrival of the revolutionary activesphere concept car, marking a...

News5 months ago

Watani Al Emarat signs MoU with Emirates Society for Parent Care and Relief

To strengthen collaboration in organizing and supporting the senior citizen community

News5 months ago

Global Village announces second Geely Raffle Draw for a chance to win a Flagship Geely Tugella

Raffle participation will run until March 7th, and winner will be announced at Global Village on March 8, 2024 from...