Dubai Chamber is looking to expand UAE companies in Serbia

24-03-2019 Media in\ Dubai
Hamad Buamim, Director General of Dubai Chamber of Commerce and Industry, stressed that the Serbian market is a promising market for the Chamber members as an important entry point for more than 1.1 billion consumers and gateway to the markets of Eastern Europe. Between the two sides.
He said in his opening address to the special investment meeting on the Republic of Serbia, organized by the Chamber today under the initiative “Investment Opportunities in Promising Markets” in the presence of a Serbian delegation including HE Mr. Branislav Nedimović, Minister of Agriculture, Forestry and Water Management and HE Mladen Sarsivich, Minister of Education, Science and Technology Development. Dubai and Serbia rose by 46 per cent from $ 24.7 million in 2014 to $ 36 million in 2018, pointing out that the sectors of agriculture, tourism, hospitality, construction and information technology are promising and polarizing areas for UAE investments in Egypt. Oh.
Buamim explained that the Serbian companies in turn can enjoy the various investment opportunities offered by Dubai, especially in the fields of trade, tourism, logistics and financial services, and stressed that Dubai is a major destination to attract Serbian investments in the region and facilitate the expansion of Serbian companies in the markets of the region and the world.
He reiterated the Chamber’s commitment to provide all the support and facilities to businessmen in the two countries to establish strategic economic partnerships, stressing that the Chamber will spare no effort to achieve its objectives in supporting business growth and providing a stimulating environment for it and promoting Dubai as a global trading center. Activate joint cooperation and serve the business communities in both Serbia and the UAE.
In turn, the Minister of Agriculture, Forestry and Water Management of the Republic of Serbia, Branislav Nedimovic said that the UAE investments in Serbia have increased from half a billion euros over the past years to reach 4 billion euros, pointing out that his country is one of the largest countries in the world in the production of meat, corn and apples. Cooperation in the food industry in which his country provides many incentives to investors.
“The UAE and Serbia are strategic partners with strong economic and political ties that culminated in the visit of the President of the Republic of Serbia, Aleksandr Vujcic, to the UAE late last year. The two countries signed a number of agreements and memorandums of understanding and finalized the signing of an agreement on Strategic Partnership.
He revealed that the first meeting of the Joint Committee for Cooperation between the UAE and Serbia will be held in the Serbian capital of Belgrade and stressed that a prominent percentage of foreign direct investment in Serbia is from the UAE.
The meeting was attended by a variety of presentations on investment in Serbia and business, as well as a review of the case study of the company “Egyel Hills UAE” investing in Serbia.