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UAE VP meets Germany's business leaders

posted on 08/02/2008: 774 views

Berlin - Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has met German business leaders in Berlin on the first day of his current 2-day state visit to Germany. In his opening remarks at yesterday's meeting in Berlin, Sheikh Mohammed called on German investors and medium and small-size companies to boost their presence in different sectors of the UAE economy which he said offers a host of profitable investment potentials.

Sheikh Mohammed further called on Germany's private sector leaders to advance the existing level of the UAE-Germany economic partnership. He urged them to tap mutual investments schemes currently on the offer in technology, knowledge, higher education and tourism.

For his part, German Federal Minister of Transport, Building and Urban Affairs, Wolfgang Tiefensee hailed Sheikh Mohammed's vision and his keen efforts to build new bridges between the UAE and Germany.

The German Minister said Sheikh Mohammed's current Germany visit is true demonstration of his far-sighted vision of the future of bilateral relations as well as his efforts to further promote them to achieve the significant and deeper partnership that Germany looks forward to.

Representatives of Germany's financial, banking, energy and higher education sectors expressed willingness to invest in the UAE which they said the German business community see as a trustworthy country.

In particular, they said, Berlin has special ties with Dubai which is the world's fastest-growing city.

Speakers also hailed the UAE investment laws which they said are attractive to foreign investors. UAE Minister of Economy Sheikha Lubna Al-Qasimi who is accompanying Sheikh Mohammed stressed that the UAE welcomes investors looking forward to tap investment potentials to the best interest of both countries. She elaborated on the UAE economic growth and volumes of domestic and foreign investments. The economy minister further noted the available investment opportunities in the UAE.

Chairman of the UAE Federation of Chambers of commerce and Industry Salah Salim Al-Shamsi underscored joined efforts to find joint invest opportunities for the private sectors in both the UAE and Germany. – Emirates News Agency, WAM


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