The President of Ecuador, Daniel Noboa, along with several ministers, during a tour in the Middle East region met on 1st May 2025 authorities and businessmen from the United Arab Emirates who expressed interest to invest in various sectors of the South American country, including social housing, tourism and agriculture.
In various meetings, the objective of the Ecuadorian Government was to strengthen a political dialogue, promote economic alliances and address investment projects in areas such as housing, infrastructure, tourism and agriculture, considered priorities for the country's development.
The Ecuador President along with the entourage of ministers accompanying him, was received in a protocol greetings by the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, and they also met with several entities from the UAE, including representatives of the Abu Dhabi Development Fund.
The ministers of Housing, Transport, Energy, Production and Foreign Affairs, among other authorities were present at these meetings.
The Director General of ADFD, the Abu Dhabi Development Fund, Mohamed Saif Al Suwaidi, stated that the meeting with the Ecuadorian president was very productive.
The Head of the Abu Dhabi Development Fund said that the dialogue was centred on several projects in different sectors, but focusing more on the issue about social housing that is one of the priorities of the UAE Governement that led many studies considering being particpants in financing several of the social interest projects in Ecuador.
ADFD Director also indicated that they are considering making investments in different sectors, such as tourism and agriculture, and these would be two other main sectors with priority.
From his part the Minister of Urban Development and Housing of Ecuador, Humberto Plaza, said that there is of great possibility of having financing from the United Arab Emirates for Ecuador's first large housing project, which will include approximately of 8.200 units.
The delegation of Ecuador also met with representatives of Mudabala Investment Company, a private fund that manages investments in different sectors represented by its Deputy Executive Director Waleed Al Mokarrab Al Muhairi, who commented that during the meeting the focus was about investment opportunities in Ecuador.
In another meeting the Minister of Transport and Public Works of Ecuador, Roberto Luque met with authorities at DP World's headquarters in the United Arab Emirates and they discussed about strategic plan with new investment in Ecuador.
Finally the Ecuadorian President met representatives of the Abu Dhabi Chamber of Commerce, and according to the Ecuatorian Government, this made it possible to open a channel of direct dialogue the productive sectors of both countries with a view to promoting new commercial ties.
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