3 billion dirhams of UAE-Polish trade exchange in the first half

3 billion dirhams of UAE-Polish trade exchange in the first half
3 billion dirhams of UAE-Polish trade exchange in the first half

Abu Dhabi: Muhannad Dagher
Rashid Al Balushi, Undersecretary of the Department of Economic Development in Abu Dhabi, announced the growth of non-oil trade between the UAE and Poland by 22% during the first half of this year 2022, compared to the same period in 2021, which amounted to about 3 billion dirhams.
He stressed that the value of non-oil trade between the two countries reached nearly 5.3 billion dirhams last year 2021, an increase of 12% over the previous year, expecting more growth in the coming period, especially with the launch of the UAE and Poland a joint economic cooperation program that promotes investment between the two sides. .
This came during the Abu Dhabi-Poland Business Forum, which kicked off Thursday in Abu Dhabi, during which opportunities for investment and trade cooperation between the two sides were discussed in the sectors of energy, industry, advanced technology, and food security, while the opening of the Polish representative office in Abu Dhabi was announced.
Al-Balushi said, “We celebrate a historic moment in the course of our bilateral relations by opening the first Polish representative office in the UAE, and we affirm our commitment to strengthening relations, expecting that this office will pave the way for more fruitful cooperation between our two countries.”
Al Balushi pointed out that the cooperation program between the public and private sectors includes a number of priorities, including food security, renewable energy, advanced technology, agriculture, transportation, tourism, and space. In addition, investors and exporters in both countries will benefit from a range of incentives and opportunities that will drive growth and diversify bilateral trade between the two countries.
An important step
The Undersecretary of the Department of Economic Development in Abu Dhabi explained: For Polish companies, Abu Dhabi can constitute a wonderful investment opportunity for them, noting that the opening of the Polish representative office in Abu Dhabi represents a very important step to expand business between the two sides. It will work to strengthen relations, establish understanding, and increase investment opportunities. The office will also play a pivotal role in strengthening relations between the UAE and Poland, by providing support to investors and business owners.
Al-Balushi said: “Our economy still holds many opportunities for us to expand the scope of cooperation between the two countries. Abu Dhabi is an attractive investment destination, and through our system, there is no doubt that we are able to achieve this. Adding: Our industrial strategy establishes Abu Dhabi’s position as the most competitive industrial center in the region. And through 6 different programs, the Abu Dhabi government is investing 10 billion dirhams, doubling the industrial sector to 172 billion dirhams by 2031.
He pointed out that the government also aims to create 13,600 skilled jobs, and advance trade between Abu Dhabi and global markets, bearing in mind an increase in the proportion of non-oil exports by about 143% to 178.8 billion dirhams, and for this, obtaining financing will be easier, and job opportunities will be better, as will be done. Encouraging foreign direct investment.

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