Austria’s FM praises UAE’s experience in attracting investments

Austria's FM praises UAE's experience in attracting investments

Abu Dhabi (UNA-OIC) – Austrian Foreign Alexander Schallenberg 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.

Al Mazrouei expressed his delight in receiving the Austrian foreign minister and his accompanying delegation. He noted that the visit reflects the keenness of Austria’s leadership to enhance relations between the two countries.

“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 of the Abu Dhabi Chamber emphasized 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 both 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.

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