Lithuania Eyes More Emirati Investments in Tech, Fintech, and Life Sciences

DUBAI, 13th February, 2024 (WAM) -- In a recent interaction with the Emirates News Agency (WAM) on the sidelines of the World Governments Summit (WGS) in Dubai, Giedrė Balčytytė, the Lithuanian Government Chancellor, highlighted the burgeoning relations between Lithuania and the United Arab Emirates. The focus was particularly on the increasing volume of investment and trade that has marked recent years. Balčytytė underscored the mutual interest in expanding these ties further, especially in sectors such as technology, fintech, health, and life sciences.

According to Balčytytė, Lithuania is keen on attracting more investments from the UAE. The country aims to boost its GDP through the life sciences sector while continuing to be a significant producer of agricultural products. This strategic direction opens up new avenues for trade between Lithuania and the UAE, promising a fertile ground for future collaborations.

The Lithuanian Government Chancellor also shed light on the significance of the World Governments Summit. She emphasized how it serves as a platform for understanding how governments operate and adapt in facing global challenges. The summit, according to Balčytytė, is crucial for sharing insights on technological advancements and their integration into government development programs.

With technology being a pivotal aspect of discussions at the summit, Balčytytė pointed out its importance in driving government initiatives forward. The conversations at WGS provided valuable perspectives on how different countries are leveraging technology to enhance their governance and development strategies.

The strengthening ties between Lithuania and the UAE underscore a mutual commitment to exploring new opportunities for collaboration. With both countries showing a keen interest in sectors like technology and life sciences, there is a clear path towards a more integrated and mutually beneficial partnership. The World Governments Summit has evidently provided a conducive environment for such discussions, setting the stage for future engagements between Lithuania and the UAE.

With inputs from WAM