The President of the State directs to allocate two billion dollars to Mauritania

The United Arab Emirates announced yesterday allocating two billion dollars to establish investment and development projects and soft loans for the Islamic Republic of Mauritania.

This initiative comes in implementation of the directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, and His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and within the framework of the established fraternal relations between the UAE and the Islamic Republic of Mauritania.

Exchanging agreements and memoranda

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and President of the sisterly Islamic Republic of Mauritania, Mohamed Ould Sheikh Al-Ghazwani, witnessed an exchange of agreements and memoranda of understanding between a number of entities and institutions in the UAE and Mauritania, aimed at enhancing cooperation.

The ceremony for the exchange of agreements and memoranda of understanding, which took place at Al-Watan Palace in Abu Dhabi, included a memorandum of understanding between the governments of the United Arab Emirates and the Islamic Republic of Mauritania, regarding mutual exemption from visas, a memorandum of understanding between the Supreme Council for National Security and the General Administration of Security and External Documentation of Mauritania.

The ceremony also included the exchange of a memorandum of understanding for cooperation in the technical and military fields, a memorandum of understanding between the governments of the UAE and Mauritania for cooperation in the field of education, and a memorandum of understanding between the governments of the two countries for cooperation in the field of care and social development.

The memoranda and agreements also included a memorandum of understanding between the Emirates Red Crescent Authority, the Commission for Human Rights and Humanitarian Action and Relations with Civil Society, and a cooperation agreement between the Khalifa Fund for Enterprise Development and the Ministry of Economy and Industry in Mauritania, to finance the SME sector support program.