UAE commended by Austria as a global investment leader

Meeting held with Abu Dhabi trade group to discuss increasing mutual trade

The UAE was lauded as a global investment leader by Austria's foreign minister during a meeting between on Sunday to discuss increasing trade.

Alexander Schallenberg met Abdullah Al Mazrouei, the recently appointed Chairman of the Abu Dhabi Chamber of Commerce and Industry, at the chamber’s headquarters in the capital.

Mr Al Mazrouei said he was delighted to receive the Austrian delegation, saying the visit reflected Austria's keenness to deepen mutual ties.

“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.

Mr Al Mazrouei said the UAE was Austria's most important partner in the region and that both “share the principles of economic openness which contribute to drawing a clear roadmap for future co-operation”.

“[The chamber] constantly strives 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 said.

Mr Schallenberg highlighted the facilities his country offers to foreign businesses to attract more investments and encourage innovation in all sectors.

He stressed the importance of collaborating to familiarise businesses in both countries with the available investment opportunities across their markets.

Also in attendance at the meeting were Dr Mohamed Al Hameli, Chairman of Emirates Steel Industries; Rashed Al Blooshi, Under Secretary of the Abu Dhabi Department of Economic Development; Saeed Al Remeithi, Vice Treasurer of the Abu Dhabi Chamber; Mohamed Al Mheiri, Director General of the Chamber; and his deputy Abdullah Al Qubaisi.

Updated: September 13th 2021, 3:50 AM
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