The EDB signs MoUs with UAE

Article Published on January 26, 2022

The ICT Business Forum held by the Economic Development Board (EDB) – in collaboration with the Ministry of Information Technology, Communication and Innovation - at Dubai Expo 2020 saw an increased visibility for Mauritius vis-à-vis United Arab Emirates (UAE) stakeholders. Among the main partnerships that emanated from the sidelines of this event are the signing of three Memoranda of Understanding (MoUs) between the EDB and the following:

- the Dubai Chamber of Commerce and Industry;
- the Abu Dhabi Chamber of Commerce and Industry; and
- the Abu Dhabi Fund for Development (ADFD).

The EDB aims to achieve the following with the signing of the two MoUs with the Chambers of Commerce:

- establish a framework for developing stronger business relations between the EDB and the United Arab Emirates Chambers of Commerce and Industry;
- strengthen trade ties between the two countries and create new channels of business exchanges; and
- strengthen institutional relations and capacity building through mutual cooperation.

With regard to the MoU with the ADFD, the EDB will aim to lay the groundwork to encourage the ADFD to invest in companies in Mauritius either through full ownership or through equity sharing in partnership with public or private Mauritian companies as a means to promote economic development and create job opportunities across various sectors.