H.E. Al Zeyoudi meets with several Polish ministers to explore trade & investment cooperation in various fields

Poland is the UAE’s second largest trade partner in Eastern Europe

H.E. Dr Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, held bilateral meetings with several Polish ministers and senior government officials on the sidelines of the third UAE-Poland Joint Economic Committee (JEC) that took place in Warsaw. The meetings were attended by government and private sector representatives from both sides.

H.E. said: “The UAE and Poland boast promising opportunities to increase trade and mobilize investments in sectors of mutual interest. Poland is the UAE’s second largest trade partner in Eastern Europe, with the UAE’s non-oil exports to Poland totaling AED 506 million in 2021, reflecting a 64 per cent growth from 2020. Furthermore, the UAE’s non-oil exports to Poland amounted to AED 242 million in H1 2022, accounting for a 13 per cent growth compared to the same period of 2021.

Significant growth in UAE’s re-exports to Poland

The UAE’s re-exports to Poland amounted to AED 415 million last year, demonstrating a 67 per cent growth compared to 2020. As for the first half of 2022, the country’s re-exports to Poland amounted to AED 250 million, recording an astounding 105 per cent increase as compared to same period of 2021.

Collaboration to promote energy sectors

H.E. Al Zeyoudi’s meeting with H.E. Ireneusz Zyska, Secretary of State, Government Plenipotentiary for Renewable Energy Sources in Poland, explored the possibility of joint projects in the fields of energy and renewable energy. The meeting also discussed means to develop and facilitate the exchange of expertise and best practices that would enhance the performance of energy sector in both sides, including that of the state-of-the-art technology used in renewable energy.

 Food and agricultural products trade

In another meeting with H.E. Bartosik Ryszard, Secretary of State at the Ministry of Agriculture and Rural Development of Poland, H.E. Al Zeyoudi discussed enhanced collaboration and means to increase the trade of food and agricultural products and livestock between the two countries. This will ensure the seamless flow of goods and products in both markets, in line with the two governments’ strategic vision with regard to the implementation of food security agendas and sourcing large quantities of basic food supplies.

Increasing FDI

H.E. Al Zeyoudi’s meeting with Paweł Jabłoński, the Undersecretary of State for Economic and Development Cooperation, Africa and the Middle East from the Ministry of Foreign Affairs (MFA) of Poland, discussed the development of new mechanisms to enhance FDI flows between both sides in fields of shared interest. It further addressed bilateral cooperation in economic and trade fields, and ways to offer more investment opportunities to investors and the two business communities, thus serving the shared interests, visions, and aspirations of both countries.

Investment in new economy sectors

In line with the UAE’s efforts to attract investment to the new economic sectors, H.E Al Zeyoudi also met with Krzysztof Drynda, Chairman, Polish Investment and Trade Agency, Jan Yerenki, CEO of Poland’s Global National Food Group, as well as representatives of the Polish Development Fund, Polish development bank, and Silesian Province governorate. The meeting focused on investment opportunities in the fields of technology, cyber-security, AI, renewable energy, and food industries.

Business meetings with Polish tech companies

In addition, H.E. met with several Polish IT and software companies such as Asseco Group, a multinational software company; CD Projekt, a video game developer; and Allegro, an online e-commerce platform. The Minister invited these companies to benefit from advantages and possibilities offered by the UAE’s business environment. He also apprised them of the available investment opportunities in the country and the opportunity to join the UAE’s NextgenFDI initiative.