UAE and Austria strengthen relations
VIENNA: His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Sebastian Kurz, Chancellor of Austria, held a meeting on Thursday in Vienna and discussed bilateral relations and ways of enhancing the strategic partnership between their countries in various fields.
The sides discussed bolstering their cooperation to serve their mutual interests, and reviewed the latest developments regarding regional and international issues of mutual concern.
The Austrian Chancellor underlined the visit’s importance in driving the growth of the relations between their countries and enhancing cooperation efforts.
Both countries agreed to leverage Expo 2020 Dubai that will take place from Oct 1st 2021- March 31st 2022 in Dubai, under the theme “Connecting Minds, Creating the Future”, for creating and strengthening long lasting bilateral business-to-business partnerships.
The two sides envisage to increase mutual investments and to expand cooperation. Both countries stand out as regional hubs and starting points for introducing products on highly affluent markets, where rapid expansion is possible. In order to keep increasing investments that create broad-based growth, both sides wish to shape the underlying conditions to make their business locations even more attractive. They also affirm their commitment to facilitating increased business exchanges among small, medium and large enterprises of the two countries, by setting a framework for a High-level Joint Business-toBusiness Industrial and Investment Partnership.
An increasing demand of qualified workers on the one hand and rapidly evolving and changing skills and competences due to digitalisation, sustainability, industry 4.0 but also globalisation on the other hand are present challenges for skills development, which will be tackled now. Therefore, both countries envisage to cooperate in the field of Vocational Education and Training (VET), with a focus on company-based training in order to support future needs of skilled workers for the economy.