The inauguration of the Romanian Business Council in the
United Arab Emirates marks a significant milestone in the pursuit of reinforced
economic collaboration and mutual investments between the UAE and Romania.
During the official opening event, which brought together
nearly 400 distinguished guests, the Romanian Business Council stated that the
decision to establish the Council aligns with the growing desire to consolidate
relations between the business communities in the two countries, as the private
sector is considered a major driver of trade exchange.
The Romanian Business Council was established in
collaboration with the Consulate-General of Romania in Dubai and envisions
becoming a vital link, fostering trust and transparency and transforming simple
transactions into robust, enduring partnerships between the business
communities of both nations.
Sheikh Hamdan bin Khalifa bin Hamdan Al Nahyan, Honourary
President of the Romanian Business Council, emphasised the potential benefits
to various economic sectors and the development of trade and investment.
"I believe Romania and UAE should have closer
relationships, and this will be built with this company," he added.
In a statement to the Emirates News Agency (WAM), Marius
Marinoff, President of the Romanian Council, said that the goal of establishing
this council is to enhance cooperation between the business communities of both
countries and develop investment and trade exchange to reach $100 billion.”
He emphasised that the current trade value between the two
parties ranges from $1.2 to $1.4 billion. Therefore, to achieve the desired
goal, more openness and rapid business engagement are needed from both sides.
He expected to reach the goal within a maximum of two to three years since
Romania serves as a gateway to Europe and has a very significant business
Marinoff stated, "The investments by Romanian
companies, which will come exclusively from our members, are estimated to be
around $1.2 billion, including the construction of a $400 million plant here to
convert gas into methanol," adding that "When you look at your
government's announcements to increase the GDP by 7%, $100 billion is a modest
He explained, "The Romanian business community sees the
UAE as a strategic partner, and we hope this council will serve as a bridge to
He pointed out that the relationship between the private
sectors in the UAE and Romania has witnessed significant progress in recent
years, with the UAE being one of Romania's key trade partners in the Middle
The President of the Romanian Council called on businessmen
and companies in both countries to seize the available investment opportunities
and establish a strong partnership that contributes to the benefit of all
parties and increases employment opportunities.