HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, received HE Ahmed Munawar, Minister of Finance of Maldives, earlier this week at the Ministry's headquarters in Dubai. The two parties discussed ways of strengthening bilateral relations, exchanging information for tax purposes, and facilitating UAE investment opportunities in the Maldives.
The two countries signed agreements on the avoidance of double taxation and on the promotion and protection of investment in October 2017. Both countries reviewed and considered options for developing bilateral relations specifically with regard to common interests in the sectors of tourism development, economics and infrastructure. They also exchanged views on a number of regional and international issues of common concern.
HE Obaid Humaid Al Tayer welcomed the Minister of Finance of Maldives and his accompanying delegation, stressing the UAE’s keenness to enhance bilateral relations in various fields and to develop strong and strategic relations with the Republic of Maldives. HE also highlighted the growing economic and trade ties between the two countries and said: “The Ministry of Finance continuously seeks to strengthen the UAE’s relations with various countries across the globe, and expand the UAE tax network to meet our nation’s development goals, support economic diversification policies and ways to facilitate investment opportunities in tourism, economic and infrastructure development sectors.”
HE Ahmed Munawar praised the existing strong relations between the two countries, and highlighted the UAE’s achievements, and its support towards strengthening economic development in Maldives. HE Munawar also stressed the Maldives effort towards benefiting from the UAE’s expertise in various fields such as issuance of bonds and sukuk.