India-UAE to sign 12 agreements during PM Narendra Modi’s visit

India-UAE to sign 12 agreements during PM Narendra Modi’s visit

“PM Modi is visiting the UAE on 10 February. There would be a state visit and during that visit 12 agreements will be signed between our countries,both the countries look to intensify economic cooperation ” UAE Ambassador to India Ahmed Al Banna said.

The agreements will include areas like finance and skills development.

The Prime Minister will participate in the 6th World Government Summit in Dubai on February 10-11 in which India is a partner country.

“(At the Summit) PM Modi will address a gathering of over 2,000 people, more than 26 heads of state, the Prime Minister’s ministers and more than 2,000 delegates from all over the world,” Banna said while addressing a conference here to mark the Abu Dhabi-India Week.

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This will be PM Modi’s second visit to the UAE. He first visited the country in August 2015.

According to the Ambassador, these visits are important for enhancing and strengthening the bilateral relations.

“If we look at the investment from UAE to India, it exceeds $11 billion, about USD 4-5 billion in the format of FDI (foreign direct investment),” Banna said.

He pointed out that around 2.8 million Indians are living harmoniously in the UAE and repatriating  $13.6 billion a year from the Gulf nation to India.