RIYADH: The UAE and Scotland have formalized a new partnership aimed at boosting bilateral investment and economic cooperation.
According to a press release, the UAE’s Ministry of Investment and the Scottish Government signed a Memorandum of Understanding establishing a structured framework to promote and facilitate mutual investment flows.
The agreement, inked by Mohammad Abdulrahman Al-Hawi, undersecretary of the UAE Ministry of Investment, and Kate Forbes, Scotland’s deputy first minister, aims to strengthen coordination between government bodies, investment agencies, and private sector stakeholders in both nations.
Al-Hawi said that the agreement “reinforces the Ministry of Investment’s commitment to building lasting and meaningful partnerships with leading global economies.”
He added that it builds on sustained engagement between the UAE and Scotland and reflects shared ambition to translate dialogue into tangible outcomes.
