From 27 to 29 January 2020, H.R.H. the Hereditary Grand Duke of Luxembourg will lead an economic mission to the UAE, in the presence of H.E. Mr Etienne Schneider, Deputy Prime Minister, Minister of the Economy and Minister of Health and of H.E. Mr Pierre Gramegna, Minister of Finance. A large Luxembourg business delegation will be part of the economic mission.
The mission is organised by the Ministry of the Economy, in close cooperation with the Luxembourg Embassy, the Luxembourg Trade and Investment Office in Abu Dhabi and the Luxembourg Chamber of Commerce.
The Grand Duchy of Luxembourg is a world-renowned international business location and a secure and reliable hub for cross-border activities in a number of fields, including finance, space, logistics, ICT, life sciences and clean technologies. The country is situated at the heart of several major EU markets. Global players of all sizes use Luxembourg as a gateway to Europe and beyond, benefiting from its excellent access to worldwide markets.
The economic mission to the United Arab Emirates will comprise:
- A Luxembourg-Dubai Business Forum will take place at the Dubai Chamber of Commerce. During this seminar the high-level delegation will make presentations on the economic relationships between Luxembourg and the UAE and the assets of Luxembourg for business. Businesses will have the opportunity to meet with key decision makers and network with interested business people. Tailor-made business-to-business meetings will be arranged on request between Luxembourg companies and representatives from interested local companies.
- A visit to Arab Health 2020 (January 27th-30th), the largest medical trade fair in the region, attracting more than 4.200 exhibitors. The Grand Duchy of Luxembourg will have for the second time a national pavilion at the fair.
- A Space investor forum, as well as parallel programmes for the health and logistics sectors.
- A workshop on the participation of Luxembourg in EXPO 2020 DUBAI. The economic mission to the UAE will help raise awareness of Luxembourg’s pavilion and its many events to be organised during Expo 2020. It will be the 24th time that Luxembourg participates in a world exposition.
Luxembourg: an ideal launchpad for targeting the EU market
The Grand-Duchy is an ideal location from which companies from all over the World – start-ups as well as established firms – can launch or expand their business on the European market. Its many advantages include:
- Excellent geographical location in close proximity to several of the EU’s leading consumer markets (notably Germany and France). 60% of the EU’s GDP can be reached within a one hour flight
- Highly skilled, multi-cultural and multi-lingual workforce, making it easy to work with customers and conduct business in different European countries
- Business friendly environment with an attractive legal framework, and easy access to politicians, public authorities and administrations
- Stable and reliable: world-leading GDP performance, most open economy in Europe, economic growth with an average of >4% over the last 5 years, increase in employment of over 50% in the last 15 years, reliable legal and regulatory system
- Outstanding digital capacities: ultra-low latency connection, state-of-the-art data centres, large investments in high performance computing, big data applications and artificial intelligence, centre of excellence in cybersecurity
- Attractive R&D and innovation incentives and favourable intellectual property rights regime
- Strong focus on developing key business sectors (digital economy, cybersecurity, space, smart mobility, clean technologies, logistics)
Luxembourg is also a great place to relocate international staff or recruit top talent. As one of the safest countries in the world, it offers an excellent quality of life and world-class health and education. Luxembourg has been ranked as the best place for expats to build an international career.
“Luxembourg has a capacity to listen to others, understand their needs and find solutions. We share the pragmatism of the Emirati people and the commitment to constant improvement, diversification and innovation in future-oriented high-tech industries like the new space sector.” Etienne Schneider, Vice Premier Minister and Minister of the Economy.