German Emirati joint Council calls for boosting investment opportunities and partnershipApr 17, 2012 - 02:32 -
WAM Abu Dhabi, April 17th, 2012 (WAM) - The ordinary General Assembly of the German Emirati joint Council for Industry and Commerce (AHK) yesterday called for benefiting from the distinguished relations between the two countries for boosting economic, trade and investment opportunities in a meeting held at Beach Rotana Hotel in Abu Dhabi.
The meeting was attended from UAE side by Mohammed Ahmed bin Abdul Aziz Al Shihhi, Undersecretary of UAE Ministry of Economy and from Germany Nicolai Von Schoepff, Ambassador of the Federal Republic of Germany to UAE, Dr. Jurgen Friedrich, CEO Germany Trade and Invest (GTAI), Dieter Rosenthal, Member of the Board SMS Siemag AG, Technology and Training center " Made in Germany".
The two sides discussed horizons of developing economic and trade relations between UAE and Germany and expressed their satisfaction on the volume of trade between the two countries The indications refers to the accelerating growth rate in trade and economy relations between UAE and Germany.
Statistics state that the UAE is the largest trade partner of Germany in the Arab world, whereas the bilateral trade ties have seen continuous development, with the volume of trade between both countries amounting to $11 billion in 2011.
The UAE side highlighted the importance of capitalizing on the growing trade relations between the UAE and Germany and seek to explore and identify investment opportunities for German companies and investors in the UAE as well as to explore the best ways for both of us to benefit from these opportunities in order to further develop trade ties and create investment partnerships in the near future.