HE Khalfan Saeed Al Ka’abi, First Vice-chairman of the Abu Dhabi Chamber of Commerce & Industry (ADCCI) Board of Directors, stressed the importance of improving ties of economic co-operation between companies and businesses in both the Emirate of Abu Dhabi and the Czech Republic.
“The ADCCI is striving to streamline links of economic and commercial co-operation with the Czech Republic’s companies and economic organizations and to bring them such ties up to an advanced investment and business partnership between the two sides,” Mr. Al Ka’abi said at an extensive meeting held with HE Milan Hovorka, the Czech Republic’s Deputy Minister of Industry & Trade.

The meeting was attended by HE Mr. Jaroslav Ludva, Ambassador of the Czech Republic to the UAE, ADCCI Board Members: HE Rashid Al Suwaidi, HE, Ali Al Mansouri and HE Dr. Kassem Alom, ADCCI Director General HE Mohammed Helal Al Muhairi and Mr. Mohammed Alneaimi, Executive Director of the Communication & Business Sector at the Chamber.
Mr. Al Ka’abi gave a detailed presentation in the course of the meeting on Abu Dhabi’s economy, future plans and development projects being implemented in the emirate in accordance with the Abu Dhabi Economic Vision 2030, pointing out that: “The emirate has over past years and decades managed to build a modern diversified economy and to create such an encouraging climate for local and foreign investment that the emirate has turned out to be an attractive hub for numerous international commercial and industrial businesses and companies. Thus, Abu Dhabi has been selected by several international economic and media organizations as one of the region’s most important investment and most FDI-attracting destinations. This reflects the advance level attained by the emirate in the field of providing services, offering facilities and creating an ideal competitive environment for business in the region.
Furthermore, he stressed the importance of utilizing Czech experience and expertise in several fields, particularly in tourism development, healthcare, treatment tourism, construction and sophisticated industries, for Czech companies operating in such sectors can play a key role in supporting Abu Dhabi’s trends and plans, chiefly in those focused upon by the Abu Dhabi Economic Vision 2030 in a manner ensuring a more effective contribution by Czech companies to backing up the process of comprehensive and sustainable economic development in Abu Dhabi.
Mr. Al Ka’abi expressed the Abu Dhabi Chamber’s welcome and support of organizing a seminar on treatment tourism in collaboration with the authority supervising this sector in the Czech Republic, an event which is scheduled to be held in the first week of the upcoming month of March. He also voiced the Chamber’s welcome and support of setting up joint industrial and investment projects with the Czech side for the purpose of further economic co-operation and of opening up more capacious fields for investment between the two countries in all sectors.
For his own part, the Czech official gave a thorough explanation on achievements made by the Czech economy, noting that: “There are numerous, diverse investment opportunities and areas and the Czech Republic has over past years managed to attract massive investments.
Ties of business and economic co-operation between the UAE and the Czech Republic have made important developments as the volume of the two-way trade has doubled over a few years, he affirmed, explaining that the National Statistics Centre’s figures denote that figures of bilateral trade exchange reached 1.2 billion dirhams by the end of 2010.
The Czech official extended an invitation to the Abu Dhabi Chamber’s Chairman and Board Members to visit the Czech Republic in order to be acquainted with investment climate and opportunities and facilities being provided by the Czech Republic to foreign companies and investors.