His Excellency Saif Mohammed Al Hajeri, Chairman of the Department of Economic Development (DED) – Abu Dhabi, met in his office today His Excellency Patrizio Fondi, Head of the European Union Delegation to the UAE, and discussed mutual cooperation in the fields of investment, economic diversification, consumer protection and intellectual property.
During the meeting, Al Hajeri learned from His Excellency Fondi about the role and responsibilities of the EU Delegation to the UAE for which a headquarter has been inaugurated in Abu Dhabi in 2016 for the purpose of reinforcing bilateral relations between the UAE and the EU countries and opening new prospects for strategic partnership in the various political, economic and investment areas.
Moreover, the two sides also discussed mutual cooperation between the DED and the EU Delegation in the investment field by activating partnership between Abu Dhabi Investment Office and the new European companies that wish to invest in the Emirate of Abu Dhabi. This will help create wider prospects of investment opportunities in several economic sectors that are targeted by the government of Abu Dhabi as part of its strategic plan aiming at achieving sustainable economic development.
In addition to that, both sides discussed mutual cooperation in the business sector, consumer protection and intellectual property by signing mutual memorandums of understanding to protect trademarks and intellectual property and participate in related conferences and meetings that are organized in cooperation with the EU Delegation.
His Excellency Al Hajeri further emphasized that the DED is keen on supporting and fostering mutual cooperation with the EU Delegation in order to attract more direct European investments to Abu Dhabi by working on creating successful partnerships between private sectors of both sides and utilizing the promising investment opportunities that Abu Dhabi offers.
He also confirmed that the DED is interested in learning about the best practices in consumer, business and intellectual property protection, as well as taking advantage of the experience that the EU countries have in this field which would help enhance the competitiveness of the business sector in Abu Dhabi.
On his part, His Excellency Fondi praised DED's role in reinforcing Abu Dhabi's economic status regionally and internationally thanks to the achievements that the Emirate's economy is making in many sectors, and mentioned that this has turned the Emirate into a hub for direct foreign investments, participially from the EU countries.
Furthermore, he said that the EU Delegation looks forward to creating a strategic partnership with the DED to fulfill the mutual interests of the UAE and the EU countries, especially in investment and sustainable economic development projects.