His Excellency Abdallah Bin Touq Al Marri, the Minister of Economy and Tourism, emphasized the growing development of relations between the UAE and the Czech Republic in various economic fields.
He highlighted the significance of continued joint efforts to create new avenues for collaboration between the business communities of both nations and to enhance partnerships in vital sectors linked to the new economy, including tourism, entrepreneurship, investment, agricultural technology, food security, education, health, renewable energy, and innovation.
This statement was made during a virtual meeting held with Karel Havlicek, the First Deputy Prime Minister and Minister of Industry and Trade of the Czech Republic.
During the meeting, both parties explored ways to strengthen economic collaboration between the UAE and the Czech Republic in areas of mutual interest. They also discussed several new joint projects and initiatives slated for implementation in 2026, aimed at supporting the growth of bilateral relations and advancing them to more sophisticated and prosperous levels.
His Excellency Abdallah Bin Touq remarked: “The Czech Republic is an important economic partner for the UAE in Central Europe, and we are looking forward to further enhancing our cooperative efforts and elevating them to new levels that support the growth and sustainability of both nations’ economies, in line with the country’s vision to expand its economic partnerships and solidify its position as a global partner and a significant economic hub.”
In accordance with the targets of the “We Are the UAE 2031” vision, he indicated that the UAE markets currently host 700 Czech companies and 331 Czech brands engaged in diverse economic activities.
He also reviewed key developments in the economic legislative framework within the country, particularly the introduction of new laws pertaining to family businesses, cooperatives, commercial companies, and digital trade, alongside a competitive business environment in the UAE that offers exceptional opportunities for investors and entrepreneurs from around the globe.
This includes allowing 100% foreign ownership of companies, enabling over 2000 economic activities, and providing tax incentives and facilities for long-term residency dedicated to investors.