UAE News Today : Business

Romanian Business Council officially launched in the UAE to strengthen economic collaboration


The inauguration of the Romanian Business Council in the UAE marks an important milestone in the pursuit of strengthened economic collaboration and mutual investments between the UAE and Romania.

During the official opening ceremony, which brought together nearly 400 distinguished guests, the Romanian Business Council He stated that the decision to establish the Council aligns with the growing desire to consolidate relations between the business communities of the two countries, since the private sector is considered an important driver of commercial exchange.

The Romanian Business Council was established in collaboration with the Consulate General of Romania in Dubai and envisions becoming a vital link, fostering trust and transparency and transforming simple transactions into strong and lasting partnerships between the business communities of both nations.

Sheikh Hamdan bin Khalifa bin Hamdan Al Nahyan, honorary president of the Romanian Business Council, He highlighted the potential benefits for various economic sectors and the development of trade and investment.

“I think Romania and the UAE should have closer relations and this will be built with this company,”

he added.

In a sentence, Marius Marinoff, president of the Romanian Council, expressed the main objective of improving cooperation between the business communities of Romania and the United Arab Emirates, with the aim of reaching 100 billion dollars in investments and trade exchanges.

He highlighted that the current commercial value between the two parties ranges between 1.2 billion and 1.4 billion dollars. Therefore, to achieve the desired goal, greater openness and rapid business commitment on both sides are needed. It hopes to achieve the objective within a maximum period of two or three years, since Romania is the gateway to Europe and has a very important business community.

Marinoff fixed,

“The investments of Romanian companies, which will come exclusively from our members, are estimated at around $1.2 billion, including the construction here of a $400 million plant to convert gas into methanol,” adding that “when “Look at your government’s announcements about increasing GDP by 7%, $100 billion is a modest figure.”

He explained,

“The Romanian business community sees the UAE as a strategic partner and we hope that this council will serve as a bridge to enhance cooperation.”

He noted that the relationship between the private sectors of the UAE and Romania has seen significant progress in recent years, with the UAE being one of Romania’s key trading partners in the Middle East region.

The President of the Romanian Council called on entrepreneurs and companies from both countries to take advantage of the available investment opportunities and establish a solid partnership that contributes to the benefit of all parties and increases employment opportunities.

News source: Emirates News Agency


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