UAE and Benin Discuss Investment and Trade Opportunities
The UAE Embassy in Cotonou, in collaboration with the Ministry of Foreign Affairs of Benin, organized a roundtable discussion titled ‘A Winning Bet: Cooperation in Investment and Trade between the UAE and the Republic of Benin’.
Key Participants
The event was inaugurated by Mohammed Saeed Al Kaabi, UAE Ambassador to the Republic of Benin, and Amour-Marie Ako, Assistant Secretary-General of the Ministry of Foreign Affairs in Benin. It saw the participation of representatives from various ministries, government entities, the business community, and companies, as well as officials from the UAE Ministry of Foreign Affairs and Ministry of Economy, alongside 120 Emirati companies.
Discussion Highlights
Both sides discussed ways to enhance investment and trade ties, featuring presentations on key investment opportunities. They examined the current state and future potential for bilateral cooperation to stimulate further investment and economic growth.
Doubts Revealed
UAE -: UAE stands for the United Arab Emirates, a country in the Middle East known for its rich oil reserves and modern cities like Dubai and Abu Dhabi.
Benin -: Benin is a country in West Africa. It is known for its rich culture and history, including the ancient Kingdom of Dahomey.
Investment -: Investment means putting money into something, like a business, with the hope that it will grow and make more money in the future.
Trade -: Trade is the buying and selling of goods and services between people or countries.
Embassy -: An embassy is a place where diplomats from one country work in another country. They help with things like visas and improving relations between the two countries.
Roundtable -: A roundtable is a meeting where people discuss important topics. It is called a roundtable because everyone has an equal chance to speak, like sitting around a round table.
Bilateral ties -: Bilateral ties are the relationships between two countries. They can include things like trade, investment, and cultural exchanges.
Economic growth -: Economic growth means an increase in the amount of goods and services a country produces. It usually means more jobs and better living standards for people.