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Abu Dhabi Economic cooperation with Italy and Germany has been on the horizon in promising investment projects

Media In – Abu Dhabi 29 September

During his meeting with Italian Ambassador to the UAE, Saif Mohammed Al-Hajri, the Ambassador of the Republic of Italy to the UAE, discussed economic and investment cooperation between Abu Dhabi and Italy through the promotion of joint partnerships between private sector companies. Supporting the small and medium-sized enterprises and the promising economic sectors and developing the role of the free zones in the emirate. Al Hajeri affirmed the keenness of the Government of the Emirate of Abu Dhabi to improve the competitiveness of the private sector businesses in Abu Dhabi by implementing a package of initiatives and supporting programs to enable them to lead the emirate’s economy and contribute to achieving sustainable economic development in accordance with the Abu Dhabi Economic Vision 2030. He also expressed the aspiration of the Emirate of Abu Dhabi to attract Italian investments in a number of promising economic sectors targeted by the Abu Dhabi plan, especially those characterized by Italy as pharmaceutical industries and others through the presentation of economic packages projects through the establishment of joint activities with Italian companies on the sidelines of the Joint Economic Commission In October. For his part, Ambassador Leporio Stellino expressed his country’s desire to establish joint partnerships between Italian companies and the private sector in the Emirate of Abu Dhabi, pointing out the importance of providing the necessary information to the Italian companies regarding the new investment law, expressing the Italian party’s willingness to coordinate with the Italian organization “Simist” . A delegation from the Federal Republic of Germany, headed by Dr. Christina Hoessner, Director of the Department of North Africa, Middle East and Near East at the Federal Ministry of Germany, discussed with the officials of the Department of Economic Development Abu Dhabi areas of foreign direct investment in the Emirate of Abu Dhabi and opportunities to establish joint partnerships and cooperation to support small and medium enterprises To invest in the Emirate in order to enhance the volume of investments between Germany and the Emirate of Abu Dhabi. Hamad Al-Mas, acting undersecretary of the Department, stressed the importance of the Abu Dhabi Investment Office’s role in promoting investment opportunities in the Emirate of Abu Dhabi through the database and investment projects in a number of economic sectors. For her part, Dr. Christina Hoessner said her visit to the UAE reflects the aspiration of German companies to open up wider areas of investment and employment in the UAE and aims to learn about the advantages and incentives that will encourage these companies to embark on successful investments in the UAE and to expand their investments to the region.

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