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

Why Birders Are Flocking to Costa Rica’s Barra del Colorado

Costa Rica is a bird-watching paradise, offering an incredible diversity with close to 900 recorded species, including resident and migratory species. One reason for...

Costa Rica Faces Economic Blow as Intel, Pfizer, and Qorvo Announce Restructuring

Intel announced that it will shut down its chip assembly and test plant in Costa Rica, part of a broader global restructuring aimed at...

Why I Choose Real Life in Costa Rica Over the AI Hype

When it comes to AI, call me OG. Old school. I sometimes wish I could go back to a time before it existed. Artificial...

A Closer Look at the Elusive Purple Gallinule in Costa Rica

Quick! Think of a purple bird! It’s a little difficult, right? I searched my brain and came up with a purple martin. A small...

Can Costa Rica’s Blue Zone Preserve Its Longevity Legacy?

The Nicoya Peninsula in Costa Rica is recognized worldwide as one of the five blue zones, where people live beyond the age of 90...

Keylor Navas Joins Pumas UNAM in Major Liga MX Transfer

Keylor Navas has agreed to become the new goalkeeper for Pumas UNAM, marking one of the biggest signings in recent Liga MX history. The...
L. Arias
L. Arias
Reporter | The Tico Times |
spot_img
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