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UAE signs agreement with Portugal on investment protection

posted on 20/11/2011: 808 views



The UAE and Portugal signed an agreement on protecting and encouraging investments. The agreement was signed by H.H. Gen. Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister and Paulo Portas, Portuguese Minster of Foreign Affairs at Qasr Al-Sarab Hotel.

The agreement aims to promote bilateral relations between the two countries and provide favourable climate, increasing investments and the flow of capitals and technology in order to support economic development. Each party, in line with its legislations, will work on creating a favourable climate for investments from the other party, according to the agreement. - Emirates News Agency, WAM

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