No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessUnited Arab Emirates mission evaluates investment options in Costa Rica

United Arab Emirates mission evaluates investment options in Costa Rica

Officials from various Costa Rican agencies presented a series of investment projects to members of an official mission from the United Arab Emirates (UAE).

The mission is part of the Abu Dhabi Fund for Development, according to a news release from the Costa Rican Foreign Ministry.

Local officials presented projects that focus primarily on public infrastructure and public services. Among these are the construction of a new highway between San José and the Alajuela canton of San Ramón, a plan to build a new high-speed electric train, and a water supply program for the province of Guanacaste.

Foreign Minister Manuel González said that Costa Rica hopes the United Arab Emirates “becomes our main strategic partner in the Middle East.” He also said that he expects the country can become a strategic partner for the UAE in the region.

In addition to meetings in San José this week, the UAE mission will travel to Guanacaste along with officials from the Costa Rica Tourism Board to learn about investment options in tourism projects in the northern Pacific province.

Mission leader Adel Abdulla Al-Hosani thanked Tico officials for the warm welcome and recalled that the visit comes as a result of the meeting between President Luis Guillermo Solís and Crown Prince of Abu Dhabi Mohammed bin Zayed Al-Nahyan in January.

“Certainly, this visit marks the beginning of a new cooperative relationship between the Abu Dhabi Fund and the Government of Costa Rica, which I’m sure will continue to grow in the years to come, and will build a strong bilateral relationship,” he said.

The Abu Dhabi Development Fund currently has cooperation agreements with 83 developing countries. Its main goal is to help developing countries achieve sustainable socioeconomic growth through financial assistance from the UAE government.

Trending Now

Fishing, Wildlife, and History in Costa Rica’s Barra del Colorado

Costa Rica’s Barra del Colorado is a magical and charming town. It’s one of the country’s hidden gems, best known for its world-class sport...

Costa Rica Hunts for Nicaraguan Hit Squad After Exile’s Assassination

Costa Rica’s Judicial Investigation Agency (OIJ) is investigating whether a hit squad tied to Nicaragua’s Ortega-Murillo regime is targeting exiled critics on its soil....

Costa Rica Joins U.S. Global Entry, Easing Travel for Tourists

Costa Rica took a big step forward, by officially joining the U.S. Global Entry program, a move set to make travel smoother for Costa...

Costa Rica’s Cutris Mining Bill Threatens Massive Environmental Damage

Costa Rica’s government is pushing a controversial bill that could open the entire Cutris district in San Carlos—848 square kilometers—to open-pit gold mining. The...

Costa Rican Court Orders Release of Migrants Deported Under Trump Deal

A court on Tuesday ordered Costa Rican authorities to release foreign migrants who had been detained in a shelter after being deported under an...

El Salvador Slams Paris Fashion Show Inspired by Cecot Mega-Prison Inmates

The president of El Salvador, Nayib Bukele, joked on Saturday that he could send inmates from his mega-prison to France, after they were represented...
L. Arias
L. Arias
Reporter | The Tico Times |
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica