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UAE and Croatia explore opportunities in new economy, tourism and advanced technology

Focus on creating a flexible business environment to boost investment and dialogue between both nations 
UAE and Croatia explore opportunities in new economy, tourism and advanced technology
Meeting aimed to align aspirations for sustainable economic development through shared practices. (Photo Credit: WAM)

Abdulla bin Touq Al Marri, UAE minister of Economy, recently held a bilateral meeting with Ante Šušnjar, Croatia’s minister of Economy and Sustainable Development, to explore the enhancement of cooperation across various economic sectors.

The meeting occurred during Bin Touq’s official visit to several European nations, aimed at strengthening partnerships and boosting collaboration in areas such as the new economy, tourism, and advanced technology.

Bin Touq explained that the UAE continues to enhance its economic openness and diversify its global partnerships, including those with emerging economies in Europe. He noted that the UAE and Croatia share a common vision for collaboration in several key strategic sectors, including renewable energy, logistics, and creative industries, which presents opportunities for new partnerships.

He emphasized that both countries possess significant economic potential, particularly in the tourism sector, which is one of the most promising industries for both economies. This sector provides valuable opportunities for exchanging expertise and experiences that distinguish the UAE and Croatia in the global tourism and travel landscape.

Read more: UAE-Croatia bilateral trade surges to $78.9 million in H1 2024, up 44.8 percent

Creating a conducive business environment

Bin Touq highlighted that the meeting is taking place at a time when both nations are focused on cultivating a flexible and attractive business environment for investment and promoting dialogue between their business communities. In this context, he urged the private sector to explore promising opportunities and develop communication channels between the UAE and Croatian markets, aligning with their shared aspirations for sustainable economic development.

The Minister of Economy stated, “We look forward to exchanging best practices with the Croatian side in development policies, which will contribute to the sustainable development efforts of both countries, particularly in light of the recent growth in our economic and investment exchanges.”

In addition to discussing various key topics, the meeting also explored avenues for collaboration in infrastructure, logistics, and the exchange of expertise in developing regulatory frameworks that support the new economy.

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