Passed: Trade Mission UAE, Qatar

After being hit badly by falling oil and real estate prices during the financial crisis, the country is now experiencing a substantial construction boom, with 350 billion US dollars worth of active projects, including billions on real estate, tourism and leisure infrastructure, an expanding manufacturing base and a thriving services sector. There are many possibilities for Luxembourg companies find a market.

The Grand Duchy’s expertise in steelworking may find a market in UAE’s fast-growing production of aluminium, steel, iron and other types of metal, along with textiles. These sectors are expected to exceed the income from oil gas exports within the next half-century. The Abu Dhabi Investment Authority, oversees the 360 billion US dollars in overseas investments made by Abu Dhabi, the wealthiest of the seven emirates.

There may be opportunities for Luxembourg’s financial industry, especially in the light of the recent move towards setting up an Islamic finance centre. The UAE is also making a push into green technology and renewable energy, well aware that its oil wealth is finite. This affords an opportunity for firms here to offer their innovative products.

For more information, please contact:

• From the Ministry of the Economy and Foreign Trade: Mr. André Kemmer
• From the Chamber of Commerce: Mrs. Diana Rutledge

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