Abu Dhabi: The Abu Dhabi-Poland Business Forum has officially begun to discuss the potential for accelerating trade and investment cooperation between Poland and the UAE in the fields of Energy, Advanced Technology, and Food Security.
The Polish Silesian Government announced the opening of a Representative Office in the Emirate of Abu Dhabi on the sidelines of the Forum, which was organized by the Abu Dhabi Department of Economic Development (ADDED), the Government of Silesia, and the Embassy of the Republic of Poland in the UAE. The move aims to foster growth and prosperity in bilateral trade and investment relations between the two countries.
The UAE’s total direct investment into Poland amounts to nearly $208 million, which is spread across the fields of aviation, tourism, electronics, automobiles, food industries, science, and technology sectors. Meanwhile, Polish FDI into the UAE currently totals $94 million, distributed in the real estate, technology, science, modern technologies, and retail sectors.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, remarked.
According to Dr. Al Zeyoudi, more than 20 agreements have been made between Poland and the UAE in a variety of disciplines, making the UAE Poland’s principal Arab partner in terms of political and economic cooperation.
UAE is currently one of Poland’s largest trade partners in the region, with non-oil trade between the two countries totaling $1.3 billion in the first nine months of 2022, with a growth rate of 21 percent over the same period in 2021.
Mr. Rashed Abdulkarim Al Blooshi, Under-Secretary of ADDED, stated that the opening of the Polish Representative Office in Abu Dhabi is a significant turning point in the UAE-Poland relationship, which will eventually pave the way for more productive cooperation between the two countries.
This initiative promotes cooperation between the public and private sectors in a range of priority areas such as Food Security, Renewable Energy, Advanced Technology, Agriculture, Transportation, Tourism, and Space. Mr. Al Blooshi also shared that there are incentives and opportunities for investors and exporters on both sides, which promote the growth and diversification of bilateral trade.