9th Joint Emirati-Austrian Committee concludes in Vienna.

The 9th Joint Emirati-Austrian Committee concluded yesterday at the headquarters of the Ministry of Economy in the Austrian capital, Vienna.

The meeting was headed by Mohammed Sharaf Al Hashemi, Assistant Minister of Foreign Affairs and International Cooperation for Economic and Commercial Affairs, and Bernadette Marianne Gerlinger, Austrian Deputy Minister and Director-General of Foreign Economic Policy and European Integration at the Federal Ministry of Science, Research and Economics, and saw the participation of representatives from several ministries, departments and major companies in both countries.

At the start of the meeting, both sides praised their strong bilateral relations and stressed the importance of holding similar meetings to develop them.

Al Hashemi said that the committee aims to promote their co-operation and develop their bilateral ties, as well as explore future opportunities and overcome potential challenges.

He highlighted the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to diversify the UAE’s sources of income and establish a knowledge-based economy, to adapt to a post-oil economy through investing in UAE nationals and promoting the culture of tolerance and stability, both inside and outside the country.

Al Hashemi went on to explain the country’s efforts to diversify its sources of income by referring to several economic sectors that have achieved significant progress in terms of boosting the national economy, as well as the major progress witnessed by the UAE’s tourism, transport, logistical services and aviation sectors, which have enabled Emirati companies in those industries to achieve international leadership.

He also noted the UAE’s future strategy to build sustainable partnerships with friendly countries in the areas of technology and scientific research and the development of innovative and revolutionary industrial technologies while stressing the importance of acquiring experience in advanced industries, through discussing possible future cooperation with Austria.

Gerlinger emphasised the strength of the bilateral ties between the two countries. Both sides discussed means of supporting and developing these mutual relations, to reach higher levels and explore new areas of cooperation.

At the end of the meeting, both sides signed a Memorandum of Understanding, MoU, on industrial cooperation in energy technology.

An economic forum was also held that included people in business from the UAE and Austria that was inaugurated by Hamad Ali Al Kaabi, UAE Ambassador to Austria, which saw discussions on investment opportunities and challenges in the UAE and the government’s support for business projects.

Source: UAE Ministry of Foreign Affairs