Publish Date : 17-Sep-2014
Australian companies operating in Abu Dhabi in different sectors, 18 Emirati companies invest in Australia in vital sectors. His Excellency Mohammed Helal Al-Muhairi, Director General of the Abu Dhabi Chamber of Commerce and Industry, called on Australian industrial companies to boost their investments and cooperation with the industrial and services companies operating in Abu Dhabi. This came during an extended meeting with an Australian economic delegation chaired by His Excellency Graham Quirk, Lord Mayor of the City of Brisbane, the capital of Queensland State in Australia.
During the meeting, Al-Muhairi said that the economic cooperation relations between the UAE and Australia witnessed considerable developments which reflected on the figures of trade exchange between them to reach more than AED 10 billion by the end of 2013 rising from just AED 2 billion in 2000. He emphasized on the need to increase economic and investment relations between the two sides through establishing strategic partnerships between companies and businessmen in Abu Dhabi with their counterparts in Australia. The Director General urged the Australian companies to boost and diversify their investments in Abu Dhabi, especially in the sectors that were envisioned by Abu Dhabi Economic Vision 2030 namely the industrial sector, aviation, space, defence, medicine, biotechnology, tourism, healthcare, equipment, services, transportation, trade, logistics, education, media, financial services, and telecommunications which are considered as key sectors towards growth and development. These sectors are projected to grow above 7.5 percent annually.
Al-Muhairi pointed out that all indexes in Abu Dhabi are in a constant increase due to the adoption of Abu Dhabi Economic Vision 2030 which aims at establishing a flexible economy built on knowledge, sustainability and economic diversity. Besides, the vision places the aspect of strengthening the cooperation with the private sector at the top of its priorities to play a key role in the comprehensive development of the Emirate of Abu Dhabi. A recent report released by the Abu Dhabi Chamber on the occasion of the visiting Australian delegation, noted that the number of registered and operational Australian companies in Abu Dhabi is 26 companies, whereas the number of Emirati companies investing in Australia is 18 ones which invest in shipbuilding, petrochemicals, travel and tourism, telecommunications, oil and gas, shipping, food industries, financial and banking services, properties, transportation, goods, ceramics and porcelain industries.
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