UAE, Republic of Mauritius sign agreement to protect mutual investments

The Ministry of Finance from United Arab Emirates (UAE) and the Republic of Mauritius recently signed a mutual encouragement and protection agreement; the agreement reinforces the UAE strategy to strength its presence worldwide on fields related to economic development, foreign investment network and providing necessary protection.

With the agreement, both countries commit to encourage investments and establish conditions aiming to attract investors. Furthermore, the document establishes that UAE and Mauritius should treat each business as their own.

"The ministry is cooperating with various stakeholders including investors from either government institutions or private sector companies in order to identify potential investments markets,” Minister of State for Financial Affairs Obaid Humaid Al Tayer said. “The ministry continues to communicate with concerned authorities in these countries to facilitate the UAE's investment presence there and protect it from any risks that may affect it negatively."

The document was signed by Obaid Humaid Al Tayer, minister of state for financial affairs, and Vishnu Lutchmeenaraidoo, minister of finance and economic development for the Republic of Mauritius.