Latvia may ink investment protection pact with UAE
dubai — Latvia is looking forward to signing an agreement with the UAE on the facilitation and protection of bilateral investment, Latvian Minister of Economics Arvils Aseradens said.
Aseradens, who was leading a high-powered business delegation to the UAE, said Latvia is developing an excellent eco-system for startups and would like connect with the local platforms in the UAE.
“Currently, we are focusing on academia and are also trying to cement relations with the education industry in the UAE because we believe education is the backbone of any successful society,” Aseradens said. Adam Global, one of the world’s largest multidisciplinary network of independent legal, accounting and consulting firms; and CEO Club, a leading business networking club, hosted the delegation at Hotel Rotana Arjaan, Dubai Media City.
At the event, Investment and Development Agency of Latvia inked an MoU with the council of Arab Economic Unity. The agreement seeks to set up a mechanism for development of mutually beneficial economic relations and competitive businesses relations between Arab countries and Latvia.
Present at the event were Dr. Ahmed Al Sudain, President of Arab Union for Investment and Real Estate Development; Andris Ozols, General Director of Investment and Development Agency of Latvia; CEO of Adam Holdings Khalid Akhtar; and CEO of CEO Clubs Network, Tariq Nizami.
Advaita Sharma, global manager at Adam Global, delivered a presentation on ‘How to do business in the UAE’, which focussed on collaborative business synergies between the UAE and Latvia.
“Adam Global works closely with governments, and this time, we are working with Latvia’s Investment and Development Agency to facilitate business development in the Baltic state, by attracting foreign investors who are seeking opportunities to enter the EU market through Latvia,” said Sharma.