The Government of the Czech Republic and the Government of the United Arab Emirates (both countries hereinafter collectively referred to as the Contracting States and each referred to as a Contracting State),

Desiring to create favorable conditions for greater economic cooperation between them and particularly for investments by investors of one Contracting State in the territory of the other Contracting State, 

Recognizing that the encouragement and reciprocal protection under international agreements of such investments will be conducive to the stimulation of business initiative and will increase prosperity in both Contracting States, 

Have agreed as follows: