25 November 2009
Inaugurating the second investment summit between the two countries, Spain’s Vice-Minister of Trade Alfredo Bonet said the agreement would be an enlargement of the Memorandum of Understanding signed by Abu Dhabi and Spain in June regarding technical cooperation for implementing projects in renewable technologies.
The two governments also signed an MoU to set up a Joint Economic Commission to promote bilateral economic relations between the two countries.
UAE Minister of Foreign Trade Shaikha Lubna Al Qasimi said economic ties between the UAE and Spain remain strong, indicating that the European Union nation accounted for around €930 million of total foreign trade last year.
“The UAE shares Spain’s passion for renewable energy exploration,” she said.
