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Dubai FDI and Austria Business Centre take giant strides in attracting inward investment

WAM Dubai, Feb 18th, 2013 (WAM) — Dubai FDI, the foreign investment office in the Department of Economic Development (DED) and Austria Business Center have successfully collaborated to enable a growing number of Austrian firms set up in Dubai and move closer to key growth markets.

Since its opening in 2010, the initiative has successfully enabled over 100 new companies to establish themselves in Dubai.

"At a time of increased competition among business hubs and a greater emphasis on lower lead times and high quality customer service, Dubai is scoring high, chiefly on account of its location, infrastructure, pro-business government and ease of doing business," commented Khalid Al Boom, Deputy CEO of Dubai FDI.

"Dubai FDI is elated by the response that Austria Business Center has generated as it validates our focus in investor outreach and partnerships. It has also contributed to Dubai retaining its position as the region’s leading FDI (foreign direct investment) destination," he added.

The Austria Business Center is a global network of state-of-the-art professional centres offering a wide range of flexible business solutions and start-up packages for entrepreneurs as well as local and international companies.

With a high level of interest among Austrian investors in having a foothold in Dubai, Austria Business Center has now opened a new office in the Dubai Multi Commodities Centre (DMCC).

"When we opened our first Austria Business Centre the idea was to provide a professional business environment for Austrian companies setting up their operations in Dubai. We soon realised that the demand for serviced office space is on the high in Dubai, and hence we chose to open a new Business Centre," stated Josef Kleindienst, Chairman, Austria Business Centre.

"The new Austria Business Centre in X2 Tower in Jumeirah Lake Towers is filling up with a range of new companies that we assisted to set up, including large multinationals. We are witnessing significant increase in requests for business set-up in Dubai and serviced office space at the beginning of 2013, which is a great start to the new year, resulting in planned expansion into other hot spots of Dubai," Kleindienst said.

As partners in presenting Dubai and its unique advantages to the business community worldwide, Dubai FDI and Austria Business Centre also continues to collaborate in trade missions and investor forums.

Last year, Dubai FDI and Austria Business Centre along with the Austrian embassy in Abu Dhabi went on a trade mission to Vienna where they promoted investment opportunities in Dubai and encouraged Austrian firms to grow across the Middle East, Africa and South Asia through Dubai.

"The Austrian embassy is very pleased to see the Austria Business Centre flourish and grow in Dubai and the GCC. It is an ideal location for small and medium businesses to start up, gain access and acquire first-hand knowledge of this fast-growing region keeping costs at a reasonable level in the beginning. We have always supported the idea of an Austrian Business Centre in Dubai and together with the Dubai Government, especially Dubai FDI, as well as Kleindienst ‘&’ partners we were able to bring this concept to life two years ago," commented Dr. Wolfgang Penzias, Trade Commissioner for the UAE, Kuwait, Bahrain, Qatar and Pakistan at the Austrian Embassy Commercial Section.

Dubai FDI will be visiting Austria again on a European roadshow in 2013 as multinational firms and investors worldwide look at high-growth, tax-efficient locations that enable sustainable business development and wider coverage of new and existing markets.

"Dubai is an unmatched business platform providing fast and efficient connectivity to a 2.2 billion population within 4 hours. Its superior infrastructure in logistics, aviation and communications and policies focusing on business-friendliness enable Dubai to inspire and retain investor confidence with a guarantee of sustained growth," Al Boom concluded.


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