UAE, Spain ink infrastructure development MoU in Madrid
Move aims to boost bilateral relations and opportunities for investment in the infrastructure sector, Wam reported
Officials from the UAE and Spain have reportedly signed a memorandum of understanding (MoU) to cooperatively develop roads, railways and ports.
According to Emirates News Agency Wam, the agreement was signed in the Spanish capital Madrid by the UAE's Minister of Infrastructure Development, HE Dr Abdullah bin Mohammed Belhaif Al Nuaimi, and the Spanish minister of development, Jose Luis Abalos Meco.
The move is designed to boost bilateral relations and enhance investment opportunities for the infrastructure sector.
During the meeting, Al Nuaimi praised the ties between the two countries and the growing cooperation in economic fields.
The UAE Cabinet Minister also conducted a lecture at the new economic forum in Madrid, which was attended by representatives of Spanish infrastructure companies and government authorities.