Prime Highlights:
- A high-level Latvian delegation’s visit to the UAE marked significant progress in trade, investment, and logistics, signaling a “new era” in bilateral relations.
- Both countries agreed to establish a UAE–Latvia Business Council and signed the first MoU between their Chambers of Commerce to strengthen commercial collaboration.
Key Facts:
- Mubadala will draft a detailed MoU by early 2026 to explore investment opportunities in energy, food security, health technologies, and defence innovation.
- Nearly 20 Latvian companies participated in the mission, with engagement from AD Ports Group and the Freeport of Riga Authority to enhance logistics and trade links.
Background:
The United Arab Emirates and Latvia began a major new chapter in their bilateral relations after a high-level Latvian delegation visited the UAE from November 23–26, 2025. The visit delivered strong progress across trade, investment, and logistics, marking what officials describe as a “new era” of cooperation.
A key outcome of the mission was the signing of the first Memorandum of Understanding between the Abu Dhabi Chamber of Commerce and Industry and the Latvian Chamber of Commerce and Industry. The agreement creates a formal base for future commercial activity. Both sides also agreed to set up a UAE–Latvia Business Council by the end of 2025 to serve as the central platform for regular business dialogue. Officials expect this structure to sharply increase business travel and professional exchanges.
The delegation held major investment meetings with leading UAE entities. Mubadala agreed to draft a detailed MoU by early 2026 to outline potential investment opportunities in Latvia, with a focus on energy, food security, health technologies, and defence innovation. Talks with ADQ pushed forward plans to create a clear system for sharing information to support projects in infrastructure, mobility, food, and healthcare.
AD Ports Group engaged with Latvia, highlighting the country’s goal to become a key Northern European logistics hub. The Freeport of Riga Authority took part, showing Latvia’s focus on trade links and transport cooperation.
The visit also held the third session of the UAE–Latvia Joint Economic Committee, where both sides explored cooperation in renewable energy, AI, cybersecurity, logistics, and agriculture. UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi praised the strong alignment between the two countries.
With nearly 20 Latvian companies involved, the mission is expected to boost business tourism, deepen economic ties, and strengthen a fast-growing partnership built on shared goals and active cooperation.
