UAE and Slovenia sign MoU to form business council

MoU for UAE-Slovenia Business Council
Officials from both Chambers | Image credits: WAM | Cropped by GBN
By Shilpa Annie Joseph, Official Reporter
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The Federation of UAE Chambers of Commerce and Industry (UAE Chambers) and the Chamber of Commerce and Industry of Slovenia has signed a Memorandum of Understanding (MoU) in order to establish a joint UAE-Slovenian Business Council.

The signing took place during a meeting organized by the UAE Chambers in collaboration with the UAE Ministry of Foreign Affairs and the Chamber of Commerce and Industry of Slovenia.

During the meeting, they explored strategies to strengthen collaboration between the business communities of the UAE and Slovenia. The agenda included mechanisms for developing commercial and investment partnerships, expanding areas of cooperation, and opening direct communication channels between the UAE private sector and its Slovenian counterpart.

According to the statement, the goal is to increase bilateral trade, double imports and exports in vital sectors of mutual interest, and diversify quality and future investments, particularly in health, logistics, information and communication technology, eCommerce, tourism, real estate, financial services and insurance, and agricultural technology.

Humaid bin Salem, Secretary-General of UAE Chambers, said that, “The United Arab Emirates and the Republic of Slovenia enjoy growing economic and trade relations, supported by joint efforts to elevate these relations to broader horizons that serve the developmental interests of both countries.”

Salem emphasized the UAE business community’s desire to develop bilateral relations with the business community in Slovenia, noting that Slovenia serves as a gateway for Emirati business owners and investors looking to enter the East and Central European market.

The Secretary-General further noted that establishing the joint UAE-Slovenian Business Council will help build bridges of communication between the business communities of both countries and raise awareness about the investment environment and climate in the UAE, which, thanks to its vital strategic location, serves as a gateway to a consumer market of over two billion people.

“The UAE can serve as a vital launchpad for Slovenian companies looking to enter markets in the region, the Middle East, Southeast Asia, and the African continent,” Salem concluded.

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