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UAE, Antigua and Barbuda sign investment pact



An Investment Promotion and Protection Agreement (FIPA) was signed between the UAE and Antigua and Barbuda on Wednesday. The agreement was signed during a meeting between HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, and Gaston Browne, Prime Minister of Antigua and Barbuda, where they also discussed ways of boosting bilateral ties in areas of economy and investment, and reviewed a variety of issues of common interest.
‘‘The agreement is part of the UAE’s quest to deliver development goals, diversify sources of national income, and attract more foreign investment. It also protects them from any commercial and political risks and provides full protection to individual investors and companies,’’ said Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation, after she signed the pact with Charles Fernandez, Minister of Foreign Affairs of Antigua and Barbuda.

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