Prince Guillaume, Saudi Finance Minister, Minister Frieden SIPPrince Guillaume's and Finance Minister Luc Frieden's tour of the Gulf States continued when they stopped in Abu Dhabi of the United Arab Emirates on Monday, and then to Saudi Arabia yesterday.
Fresh from their working visit to Qatar, the visit to Abu Dhabi, along with the rest of the Luxembourg delegation from the financial service sector in the Grand Duchy, saw them meeting the UAE's Finance Minister, Obaid Humaid Al Tayer, to discuss the economic situation in the region and strengthening relationships in the financial field. (source)
Like those of the neighboring emirate of Qatar, the UAE's rates of economic growth are impressive. Heavily dependent on oil exports, they are now seeking to diversify their economy. The emirate of Abu Dhabi in particular, with its many development projects in tourism, culture, environment and urban planning, becomes an interesting place for foreign investment. Like other countries in the region, Abu Dhabi also plans to build a financial centre.
The assets of the Luxembourg financial market were highlighted during an information seminar organised by Luxembourg for Finance which was opened by Prince Guillaume. Before a large audience composed of representatives of local banking and finance, Luc Frieden detailed the comparative advantages of the Luxembourg financial market in a European context and internationally. The Minister also noted that Luxembourg was the first European centre for Islamic finance.
And then, yesterday, before traveling to Saudi Arabia, Prince Guillaume and Minister Frieden visited Masdar City, the ecological model city project.
In Riyadh, Saudi Arabia, Prince Guillaume and Minister Frieden were received on arrival by the Minister of Finance of the Kingdom of Saudi Arabia, Ibrahim Bin Abdul Aziz Bin Abdullah Al-Yassaf, for a political meeting. The itinerary was completed in Riyadh with a workshop on Luxembourg to identify opportunities for co-operation and strengthen business relationships in the financial services field.
Source : http://www.mymosaik.lu/index.php?option=com_k2&view=item&id=1888:luxembourg-delegation-in-abu-dhabi-and-riyadh-on-gulf-tour&Itemid=89- Feb 09, 2011
Fresh from their working visit to Qatar, the visit to Abu Dhabi, along with the rest of the Luxembourg delegation from the financial service sector in the Grand Duchy, saw them meeting the UAE's Finance Minister, Obaid Humaid Al Tayer, to discuss the economic situation in the region and strengthening relationships in the financial field. (source)
Like those of the neighboring emirate of Qatar, the UAE's rates of economic growth are impressive. Heavily dependent on oil exports, they are now seeking to diversify their economy. The emirate of Abu Dhabi in particular, with its many development projects in tourism, culture, environment and urban planning, becomes an interesting place for foreign investment. Like other countries in the region, Abu Dhabi also plans to build a financial centre.
The assets of the Luxembourg financial market were highlighted during an information seminar organised by Luxembourg for Finance which was opened by Prince Guillaume. Before a large audience composed of representatives of local banking and finance, Luc Frieden detailed the comparative advantages of the Luxembourg financial market in a European context and internationally. The Minister also noted that Luxembourg was the first European centre for Islamic finance.
And then, yesterday, before traveling to Saudi Arabia, Prince Guillaume and Minister Frieden visited Masdar City, the ecological model city project.
In Riyadh, Saudi Arabia, Prince Guillaume and Minister Frieden were received on arrival by the Minister of Finance of the Kingdom of Saudi Arabia, Ibrahim Bin Abdul Aziz Bin Abdullah Al-Yassaf, for a political meeting. The itinerary was completed in Riyadh with a workshop on Luxembourg to identify opportunities for co-operation and strengthen business relationships in the financial services field.
Source : http://www.mymosaik.lu/index.php?option=com_k2&view=item&id=1888:luxembourg-delegation-in-abu-dhabi-and-riyadh-on-gulf-tour&Itemid=89- Feb 09, 2011
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