- Home
- Middle East
- UAE
- Austria's foreign minister praises UAE's experience in attracting investments
Austria's Foreign Minister Praises UAE's Experience In Attracting Investments
Fahad Shabbir (@FahadShabbir) Published September 12, 2021 | 07:30 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 12th Sep, 2021) Alexander Schallenberg, Minister of Foreign Affairs of Austria, has praised the UAE's regional and global stature and its advanced experience and capabilities in attracting investments through providing business incubators.
During his meeting with Abdullah Mohamed Al Mazrouei, Chairman of Abu Dhabi Chamber of Commerce and Industry (Abu Dhabi Chamber), at the Chamber’s headquarters in Abu Dhabi, Schallenberg highlighted the facilities that his country offers to foreign businesses to attract more investments and encourage innovation in all sectors.
The meeting explored the prospects of increasing trade and investment cooperation between the two countries.
Dr. Mohamed Rashid Al Hameli, Chairman of Emirats Steel Industries, and Rashid Abdul Kareem Al Blooshi, Under-Secretary of the Abu Dhabi Department of Economic Development, attended the meeting along with Saeed Ghumran Al Remeithi, Vice Treasurer of the Abu Dhabi Chamber; Mohamed Helal Al Mheiri, Director-General of the Chamber; and his Deputy Abdullah Ghurair Al Qubaisi.
Al Mazrouei expressed his delight for receiving the Austrian Minister and the accompanying delegation, noting that his visit reflects the keenness of the Austrian leadership to enhance bilateral relations between the UAE and Austria.
"The UAE and Austria share a 50 year-long relationship and it has been growing and developing ever since on all levels, especially in economic and investment fields," he said.
The Chairman emphasised that the UAE is Austria’s most important partner in the region, which is evidenced by the high-level coordination meetings between the two sides backed by the support of the countries’ leaderships and the opportunities they provide to one another. "Both share the principles of economic openness, which contributes to drawing a clear roadmap for future cooperation."
Al Mazrouei pointed out that being the voice of businesses in Abu Dhabi, the Abu Dhabi Chamber always strives to equip its members and the business community as a whole with the tools necessary to grow their businesses.
"We constantly strive to offer all types of support to Austrian companies wishing to establish partnerships with their Emirati counterparts, leveraging the enablers offered to foreign investors by the Abu Dhabi government, especially across the industrial, services, tourism, energy, and technology sectors," he explained.
The Austrian Minister also underscored the importance of collaborating to familiarise businesses in both countries with the available investment opportunities across their markets.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 19 April 2024
Today Gold Rate in Pakistan 19 April 2024
Rock-solid Ruud racks up season-leading win in Barcelona
At UN, Iran says it will make Israel 'regret' reprisals
G7 hears calls for 'critical' Ukraine aid
EU seeks to leverage might to confront China, US challenge
5 Customs officials martyred as their vehicle ambushed by terrorists in D I Khan
Pak-New Zealand match called off due to rain
NHA restores traffic on roads affected by recent rains in Balochistan
China to fully support Pakistan's efforts against terrorism: Ambassador Jiang
U.S. envoy calls on Foreign Minister Ishaq Dar
Poland arrests man over suspected plan to kill Zelensky
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago