Subscribe to our social channels to get the latest news about Hungary!
FM Szijjártó: Budapest Mini Dubai project may start in September
Change language:
Hungary and the United Arab Emirates have both benefitted a lot from their cooperation and are prepared to further develop their relations, Péter Szijjártó, the minister of foreign affairs and trade, said in Budapest on Thursday.
Cooperation agreements
Bilateral trade turnover increased by 8 percent last year, and Hungarian exports to the UAE are up by 18 percent so far this year, Szijjártó told a joint press conference with UAE Economy Minister Abdulla bin Touq Al-Marri, according to a ministry statement.
Szijjártó welcomed that the two countries have signed an agricultural cooperation agreement, which he said would create more opportunities to export Hungarian food products and technologies to the Gulf country.
He said a space exploration cooperation agreement signed by the two countries demonstrated the scope of their cooperation and would promote the internationalisation of Hungary’s space programme.
Mini Dubai will give new momentum
The minister also touched on the investment project to redevelop the Rákosrendező area in Budapest’s 14th district, which he said would give new momentum to the capital’s development.
“A new, modern, green and sustainable quarter will be developed around the Rákosrendező train station which today is an abandoned derelict area,” Szijjártó said. “We will revive this area and give it back to Budapest residents and the Hungarian people. It will be turned into a new, modern green district with complex sports, tourism, residential, economic and business functions.”
