MOLDOVA MAY BECOME A NEW DIRECTION FOR UAE INVESTMENT - ECONOMY MINISTER

Moldova proposes new possibilities for investment at the global level and ready to become a new perspective direction for investment from the United Arab Emirates, said Minister of Economy and Infrastructure Chiril Gaburici at the meeting with representatives of the UAE largest investment fund - Mubadala Investment Company.

According to the Ministry of Economy, he told about the potential of Moldova in attracting investments in the field of IT technologies and the communication, aviation, energy sector, trade.

According to the minister, a whole range of well-known international companies have already managed to become a story of success in the Moldovan market. Among these, he enumerated Draexlmaier, Gebauer & Griller, Fujikura, Sumitomo, Coroplast.

For a best familiarization with the business environment and the investment climate of the republic, Gaburici invited representatives of the Fund to attend Moldova Business Week, which will take place in Chisinau on November 27-29.

"Over recent years, trade relations between our countries are dynamically developing. We hope for the intensification of mutually-profitable connections and invite UAE companies to open businesses in our free economic zones and industrial parks, which propose very comfortable conditions for foreign investors. We are ready to consider the proposals and projects of business people from the UAE", he assured.

According to the press release, the interlocutors demonstrated interest to a number of Moldovan economy fields, such as agriculture and processing industry, energy sector, including the green energy, IT technologies.

The Mubadala Investment Company is one of the world's largest sovereign investment funds. It is conducting intense activity in 13 branches in over 30 world countries. It is actively investing in projects with long-term potential, contributing to the creation of new sectors of industry and vital infrastructure objects in Abu Dhabi. The cost of its assets is estimated at over US$220 billion. It has 68 thousand employees all around the world.