Government clarifies status of all signed agreements on mini-Dubai development project

All the necessary agreements have been signed between Hungary and the United Arab Emirates on Budapest’s Rákosrendező (as called mini-Dubai) development project and the sides are to extend cooperation to new areas, the foreign minister said in London on Tuesday.

The foreign ministry cited Péter Szijjártó as saying before traveling to the UAE that the two countries were expected to soon see “a breakthrough” in their bilateral ties as a result of the agreements, which will result in the creation of a highly new modern city area in the current underdeveloped Rákosrendező area of Budapest.

“The necessary agreements have been finalised and cooperation could now be extended to new areas,” Szijjártó said.

As we said yesterday, Budapest Mayor said that Orbán must tell the UAE partner that the shady mini-Dubai project is off the table, details HERE

He said the two countries would sign a defence industry cooperation agreement in Abu Dhabi because the UAE was making significant efforts towards innovation and the development of its defence industry. He added that progress was also being made in cooperation in the food industry. Hungary, Szijjártó noted, has become one of the main cheese exporters from Europe, with the total volume of cheese exports expected to reach 1,000 tonnes this year.