The Government of the United Arab Emirates and the Government of Ukraine (hereinafter collectively referred to as the "Contracting States" and each referred to as a “Contracting State"),

Desiring to create favourable conditions for greater economic co-operation between them and in particular for investments by investors of one Contracting State in the territory of the other Contracting State;

Recognizing the need to protect investments by the Contracting States and by natural and juridical persons of the Contracting State and to stimulate the flow of investments and individual business initiative with a view to the economic prosperity of the Contracting State,