UAE and Slovenia Form Joint Business Council
The Federation of UAE Chambers of Commerce and Industry and the Chamber of Commerce and Industry of Slovenia have signed a Memorandum of Understanding (MoU) to establish a joint UAE-Slovenian Business Council. This agreement was made during a meeting organized by the UAE Chambers, in collaboration with the UAE Ministry of Foreign Affairs and the Slovenian Chamber of Commerce.
Key Attendees
The meeting was attended by Humaid bin Salem, Secretary-General of UAE Chambers, and a high-level Slovenian delegation led by Slobodan Sesum, Director General of Economic and Public Diplomacy at the Slovenian Ministry of Foreign Affairs.
Goals and Discussions
The discussions focused on enhancing cooperation between the UAE and Slovenian business communities. The agenda included developing commercial and investment partnerships, expanding cooperation areas, and opening direct communication channels. The aim is to increase bilateral trade, double imports and exports, and diversify investments in sectors like health, logistics, ICT, e-commerce, tourism, real estate, financial services, and agricultural technology.
Statements from Leaders
Humaid bin Salem highlighted the growing economic relations between the UAE and Slovenia, emphasizing the UAE’s strategic location as a gateway to a vast consumer market. He noted that the joint business council would facilitate communication and raise awareness about investment opportunities in both countries.
Doubts Revealed
UAE -: UAE stands for the United Arab Emirates, which is a country in the Middle East known for its modern cities like Dubai and Abu Dhabi.
Slovenia -: Slovenia is a small country in Europe, known for its mountains, ski resorts, and lakes.
MoU -: MoU stands for Memorandum of Understanding, which is a formal agreement between two or more parties to work together on a common goal.
Business Council -: A Business Council is a group formed by businesses from different countries to work together and improve trade and investment opportunities.
Humaid bin Salem -: Humaid bin Salem is a representative from the UAE who attended the meeting to form the business council.
Slobodan Sesum -: Slobodan Sesum is a representative from Slovenia who attended the meeting to form the business council.
ICT -: ICT stands for Information and Communication Technology, which includes technologies like computers, the internet, and telecommunications.
Strategic gateway -: A strategic gateway is a place that provides access to larger markets or opportunities, making it important for businesses to reach more customers.
