“UAE is one of the most important trade partners of Finland in the Middle East and the Gulf region,” he added.
The visiting Finnish Prime minister, who is leading a high profile trade delegation told WAM that there is a remarkable growth of the Finnish companies operating in the UAE, as well as a number of Finnish citizens who are living in the country in addition to several tourists who come every year.
Alexander Stabb Minister for European Affairs and Foreign Trade of Finland is accompanying Katainen along with a trade delegation of top 60 Finnish companies from architectural design, financial services, construction and infrastructure, defense industries, education, energy, renewable energy and health care.
“I hope to know more bout the deep-rooted history and traditions of the UAE and to be briefed on its future developmental plans, pointing to the progress and cultural renaissance achieved by state in four decades,” he informed.
He added, “We fully believe in the importance of cooperation among the small states in terms of area and population, such as Finland and the UAE as well as exchanging expertise, experiences and ideas in various fields.” Talking about trade volume between the two countries, he explained it has gone up to about ?400 million in 2011. The main Finnish exports to the UAE include means of modern technology and communications, audio recording devices and electronics in addition to power generation equipments and others.
Regarding the promotion of direct foreign investment in his country, he said that Finland has modern industrial economy and vivid private sector. There are attractive business environment for direct foreign investments, and government supports business sector with a strong infrastructure and skilled and qualified manpower.
He added that foreign investment is highly welcomed in Finland, and international companies can benefit from the facilities offered by the government.
He pointed out that there are more than 50 Finnish companies operating in the UAE and this figure is surging, expressing his confidence that the Finnish companies are capable of contributing effectively in the economic diversification and they can establish a long-term relationship with the UAE.
Regarding the available opportunities in the UAE for Finnish investors, he said the visiting delegation of companies with him is a proof for their great interest to invest here.