Lubna discusses trade and investment ties with German officials

Hanover, Germany - April 26, 2012 (WAM) - Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade yesterday received Prime Minister of Lower Saxony, David McAllister at UAE Pavilion's headquarter at the Hanover International Industrial Exhibition 2012 in Germany. During the meeting which was attended by Mohammed Omar Abdullah, the Undersecretary of the Department of Economic Development (DED) and a number of senior officials, they reviewed trade and investment ties and ways to boost them as well as developing economic partnership among entities and companies operating in both countries. Sheikha Lubna referred to the strong economic and trade relations between UAE and Germany. She also stressed UAE's keenness to consolidate and develop wider horizons of future cooperation in the frame of the diverse opportunities in the trade and investment sector. The minister affirmed UAE's keenness to become part of the international economic events including Hanover International Industrial Exhibition which is considered as one of the international exhibition in the field of modern industries, citing to the importance of exchanging thoughts and expertise in the field of trade, investment and industry. For his part, Prime Minister of Lower Saxony welcomed the remarkable participation and underlined the distinguished economic and trade relations with the UAE. Meanwhile Sheikha Lubna also met yesterday with Federal Minister of Economics and Technology Dr. Philipp Rosler and discussed bilateral relations between the two countries particularly in the economic and trade sectors as well as ways to boost them for the interest of the two countries. The meeting which was held on the sidelines of Hanover Industry Exhibition 2012 also discussed the importance of the international exhibitions for convergence of ideas and finding solutions to economic and industrial projects worldwide. Lubna affirmed UAE's keenness to boost economic, trade and investment cooperation and benefit from investment opportunities in the two countries. She also referred to the importance of continuous interaction as well as encouraging private sector for investment in both countries in addition to establishing joint projects since the two countries have investment opportunities backed by the accelerating growth achieved by the two economies. She added that UAE is considered as one of the world's advanced centres for exhibition industry and witnessed huge international turnout. For his part, Rosler hailed UAE's participation at the exhibition as well as the strong relations between the UAE and Germany which resulted in a host of projects, programs and signing of MoUs. – Emirates News Agency, WAM