UAE, Poland explore joint investment potential

UAE, Poland explore joint investment potential

The recent visit of HE Donald Tusk, prime minister of the Republic of Poland lauded the strong bilateral partnership enjoyed by Poland and the UAE. He called for strengthening cooperation between the two countries while stressing on the establishment of direct flights to encourage investment between UAE and Poland.

“The country was ready to invest US$200 billion in Poland during the next 10 years,” he added.

HE Sultan Bin Saeed Al Mansouri, UAE minister of economy, further highlighted the robustness of the Polish economy which he said stood the test of time during the economic crisis and was growing by the day. Al Mansouri called for the establishment of joint ventures between UAE businesses and their Polish counterparts emphasizing on stronger cooperation for economic development of both the countries.

The UAE trade with Poland in 2008 was in the region of US$500 million annually and was low due to the global financial crisis but the current figures are quite positive and encouraging. He also pointed out the areas of investment in Poland which he said included energy, industry and tourism in addition to increased cooperation in the field of innovation.

Elaborating further HE Abdul Rahman Saif Al Ghurair, chairman, Dubai Chamber said trade, tourism, logistics and financial services are the drivers of Dubai’s economic growth and hold great potential for investment.

“We see a huge potential for businesses from both countries to work together to enhance their business ties as Poland offers expertise in construction, aviation, oil, gas, energy, banking and finance,” he said.

Gary Marshall
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Gary Marshall
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