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ABU DHABI, 24th November, 2022 (WAM) — The Abu Dhabi-Poland Business Forum opened today to discuss prospects for accelerated investment and trade cooperation between the two countries in the fields of energy, industry, advanced technology and food safety.
During a forum organized by the Abu Dhabi Department of Economic Development (ADDED), the Silesian Government and the Embassy of the Republic of Poland in the UAE, the Polish Silesian Government announced the establishment of a representative office in the Emirate of Abu Dhabi in a move aimed at promoting the Growth and prosperity in bilateral trade and investment relations.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE is currently one of Poland’s largest trading partners in the region, noting that non-oil trade between the two countries totaled $1.3 billion in the first nine months of 2022, compared with 2021. Year-on-year growth of 21%. “In comparison, for the full year of 2021, non-oil trade between the two countries stood at $1.45 billion, a 12 percent increase over 2020,” he said. Say.
Arzeyoudi explained that in recent years, the UAE has also become an important partner of Poland in the Arab world in terms of political dialogue and economic cooperation, and the two countries have signed more than 20 agreements in various fields.
“The UAE’s total direct investment in Poland is nearly 208 million U.S. dollars, distributed in aviation, tourism, electronics, automobiles, food industry, technology and other fields. At the same time, Polish FDI to the UAE currently totals 94 million U.S. dollars, distributed in real estate, technology, science, modern technology and retail,” he said.
Rashed Abdulkarim Al Blooshi, Undersecretary of ADDED, said that the inauguration of the Polish Representative Office in Abu Dhabi is an important milestone in the relations between the UAE and Poland, affirming that it will pave the way for more productive cooperation between the two countries.
Al Blooshi highlighted that the UAE is one of Poland’s largest trading partners in the region, noting that non-oil trade between the two countries will grow by 22% in the first half of 2022 compared to the same period in 2021, for a total of almost 30% in the first half of 2022. billion dirhams.
“Furthermore, the total non-oil trade between the two countries was close to AED5.3 billion last year, an increase of 12 percent compared to 2020,” he added.
Al Blooshi then highlighted the expected growth in the near term, especially since the UAE and Poland launched the Joint Economic Cooperation Program, which promotes bilateral business and investment partnerships between them.
“The program fosters public-private collaboration in a range of priority areas, such as food security, renewable energy, advanced technology, agriculture, transport, tourism and space. There are incentives and opportunities for investors and exporters on both sides, which promotes growth and diversification of bilateral trade,” he explained.
Al Blooshi emphasized that the “Abu Dhabi Industrial Strategy” aims to strengthen our emirate’s position as the most competitive industrial center in the world, as Abu Dhabi is a popular investment destination and thus our economy has great potential potential to further strengthen cooperation. the area.
Through six transformational programmes, the Government of Abu Dhabi will invest AED10 billion to double Abu Dhabi’s manufacturing sector to AED172 billion by 2031, creating 13,600 skilled jobs and promoting Abu Dhabi’s Trade in international markets, aimed at boosting non-oil exports, increased by 143 percent to AED178.8 billion, he concluded.
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