[ad_1]
Forum highlights importance of strengthening ties and stimulating investment
Abu Dhabi, UAE: The UAE-Bulgaria Business Forum, organised by the Abu Dhabi Chamber of Commerce and Industry, concluded its event in Abu Dhabi. The forum highlighted the importance of strengthening bilateral relations and developing new strategic frameworks that advance economic partnership by stimulating investment in a number of key sectors.
The forum was held in the presence of His Excellency Ruman Radev, President of the Republic of Bulgaria; His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; His Excellency Ahmed bin Ali Sayeg, Minister of State; Reem Al, Minister of State for International Cooperation His Excellency Hashimi; His Excellency Abdullah Mohammed Al Mazrui, Chairman of the Abu Dhabi Chamber of Commerce and Industry; His Excellency Humaid Mohammed bin Salem, Secretary General of the Federation of Emirates Chambers of Commerce and Industry (FCCI), and senior officials and private sector representatives from both parties.
His Excellency Ruman Radev, President of the Republic of Bulgaria, said: “It is a privilege to be in a country that is a pillar of stability in the region. The strategic cooperation between the UAE and the Republic of Bulgaria is to open doors and provide opportunities for economic cooperation in different sectors Critically, these industries include energy, trade, investment, digital and green technologies, smart solutions, agriculture, defence, education and others.”
“The UAE has built a strong economy and given its strategic location, best access to European markets, stability, good relationships, qualified workforce and lack of corporate taxation, we are eager to do more business with the country,” Your Excellency added.
His Excellency Dr. Sani bin Ahmed Zeyudi, Minister of State for Foreign Trade, said: “The UAE attaches great importance to our long-term partnership with Bulgaria and we are encouraged by the significant progress achieved in recent years in the political, economic and cultural fields. For example, non-oil foreign trade in the first half of 2022 was US$ 121 million, an increase of 40% compared to the same period in 2021 and a 10% increase compared to 2019. Today, Bulgaria is one of the largest countries in the UAE and one of the European countries 25 trading partners between
“The UAE is Bulgaria’s second largest trading partner among the GCC countries, accounting for more than 25% of Bulgaria’s trade with the GCC in 2021. Economic partnership remains a top priority in the UAE’s foreign cooperation policy. As we pursue an aggressive reform agenda to When accelerating and sustaining future economic growth. We are also working to expand trade and investment cooperation with key global partners,” His Excellency added.
In his opening remarks, His Excellency Abdullah Mohammed Al Mazrui, Chairman of the Abu Dhabi Chamber of Commerce and Industry, said: “This forum is in line with the UAE’s continuous efforts and commitment to strengthen economic relations with the Republic of Bulgaria. We would like to take this opportunity to join hands to promote and support the development of both countries. dialogue, with particular focus on some of the fastest growing industries. These include: fintech, construction, defense, information and communications technology, and manufacturing. Our two countries share similar aspirations and recognize that these industries drive sustainable development and economic growth potential in terms of.”
His Excellency added: “The UAE and the Republic of Bulgaria have strong diplomatic relations as well as economic and cultural ties, dating back to 1991. We are proud of our resilient bilateral relationship with the Republic of Bulgaria, which over the past few years has Significant development. Bulgarian imports from the UAE increased from $37.4 million to $132.1 million between 2010 and 2021, a significant increase reflecting the UAE’s trust in Bulgarian products. During the same period, the UAE’s non-oil imports from Bulgaria Exports increased from $9.1 million to $17.9 million, demonstrating the UAE’s efforts to diversify its economy and Bulgaria’s trust and support for the UAE to achieve this.”
Your Excellency emphasized the important role of Abu Dhabi Chamber of Commerce in strengthening strategic cooperation with different countries, promoting investment and promoting economic growth, highlighting the competitive characteristics of Abu Dhabi and establishing its position as a global business center.
Some of the key officials present at the forum included: His Excellency Dr. Ali bin Harmal Al Dhaheri, First Vice Chairman of the Board of Directors of Abu Dhabi Chamber of Commerce; and His Excellency Saeed Ghumran Al Remeithi, Deputy Chief Treasurer of the Board of Directors of Abu Dhabi Chamber of Commerce. Participants from the Abu Dhabi Chamber of Commerce Board of Directors included: Khalifa Saif Darweesh Al Ketbi, Nour Al Tamimi and Dr Khadija Al Amiri.
The forum clarified the main opportunities and trends to strengthen bilateral cooperation. It showcases the UAE’s thriving business environment for attracting foreign direct investment (FDI), as well as the region’s sustainability and effective and flexible legislative framework.
The forum concluded with presentations by a number of officials from both countries on key investment opportunities in different sectors such as fintech, construction, defence, information and communication technology, and manufacturing, which are the most attractive sectors for foreign direct investment. In addition, there have been numerous bilateral meetings between officials, businessmen and investors from both sides.
[ad_2]
Source link
