DUBAI, 8th February, 2022 – Mozambique, represented by Carlos Alberto Fortes Mesquita, Minister of Industry and Commerce signed an agreement to promote and protect mutual investments with the United Arab Emirates.

The agreement, which was signed yesterday (8th February, 2022) at Ministry of Finance’s headquarters in Dubai, comes as part of the ministry’s ongoing efforts to strengthen and activate means of economic and investment cooperation with various countries of the world.

The agreement protects both nations’ investments from all non-commercial risks, covers transfer of profits and revenues, and facilitates resolving disputes.

Carlos Alberto Fortes Mesquita, Minister of Industry and Commerce, signed the agreement on behalf of the Mozambique, while Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, United Arab Emirates in the signing, in the presence of Abdullah Ahmed Al Obaidly, Director of Relations and International Financial Organizations and senior officials from MoF.

Al Hussaini stressed on the importance of signing an agreement to promote and protect mutual investments with the Republic of Mozambique in contributing to strengthening bilateral relations and expanding means of joint cooperation across various economic and financial sectors; thereby encouraging investment growth and achieving mutual benefits to meet the interests of both countries.