Authorized by the Federal Ministry of Economics and Labour
(BMWA) and the Federation of German Chambers of Industry
and Commerce (DIHK), The German Industry and Commerce
Office has been established in 1998 to promote bi-lateral
trade relations between Germany and the U.A.E. The focus
of its services is to ensure the growth of business between
Germany, the U.A.E., the Sultanate of Oman and Qatar.
In each country it is working in close cooperation with
German embassies and business councils, company representatives
and many other partners in the local business community.
More and more German companies decide to do business in
the U.A.E. with Dubai as a preferred location. Many factors
contribute to this remarkable development: Excellent leadership
and wise economic policies, outstanding infrastructure,
positive business attitude, cosmopolitan way of life,
tax-free environment, to name but a few. Playing an excellent
role as a hub for trading and logistics the U.A.E. is
now the most important export market for German products
and services in the Middle East.
However, these impressive results are no reason to be
content. There is a much larger potential for cooperation,
especially in terms of investment and know-how-transfer.
The German participation in important sectors like IT,
media, environmental technologies or education leaves
much room for further development. Having established
the most dynamic business environment in the Middle East,
the UAE government is actively looking for more German
investment, be it in the respective Emirates or in one
of the many Free Zones. Foreign investors are most welcome,
especially in the field of Energy, petrochemicals, building,
trade, finance and tourism. The UAE would like to see
more German companies engaged in these and other promising
sectors.
Our local partners are playing a more active role in
the region and abroad. The U.A.E. are one of the largest
foreign investors in the Arab world. More and more Dubai
entities and companies are proactively marketing their
respective markets worldwide and in Germany, too. The
Dubai Germany Economic Partnership Forum from 26 to
28.05.2004 in Munich is the best example for Dubai's
interest in presenting the business location to German
industry and commerce.
To that end, the cooperation between the German Business
Council Dubai and the German Industry and Commerce Office
plays a most important role. It will enable the German
Business Community in Dubai and the Northern Emirates
to become an active partner in the economical and political
dialogue with local businesses, chambers and government
agencies. Such dialogue will be mutually beneficial:
it will give the GBCD members access to information
and other resources and it will help our local partners
to better understand the position of the German business
community on important issues related to trade and industry.
I, on behalf of the Federation of German Chambers of
Commerce and Industry and the German Industry and Commerce
Office in Dubai, wish all success to the German Business
Council Dubai and offer complete cooperation from our
side
Dr. Peter Göpfrich
Delegate of German Industry and Trade (AHK)
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