UAE and Austria Deepen Economic Cooperation
- 07.11.2025
- Posted by: Uwe Hohmann
- Categories: Company Setup, Dubai, Europe
The recent UAE-Austria Roundtable once again highlighted how the UAE continues to strengthen its economic connections with Europe.
For Austrian and other European companies, this growing relationship creates new opportunities to enter or expand within the UAE market.
The Latest Trade Talks
The discussions between the UAE and Austria focused on increasing trade, attracting investment, and encouraging private sector collaboration. Non-oil trade between the two countries reached USD 1.8 billion in 2024, up 26.6% from 2023. The upward trend continued in the first half of 2025, with USD 1.1 billion recorded and a 57% year-on-year increase.
This consistent growth shows that the UAE remains a trusted and stable partner for European businesses. The UAE location, infrastructure, and business-friendly regulations continue to make it an attractive base for regional operations.
Focus on Sustainable and High-Value Sectors
The roundtable highlighted several key areas for future cooperation: advanced manufacturing, renewable energy, tourism, and technology. Each of these industries plays a central role in the UAE’s economic diversification and offers practical entry points for European expertise.
There is strong demand in the UAE for innovation in clean energy, engineering, and digital transformation. Businesses that bring specialized knowledge or technology can find long-term opportunities in these sectors.
Private Sector Partnerships Driving Growth
Over 30 Austrian and more than 10 Emirati companies participated in the meeting, reflecting the private sector’s active role in shaping bilateral trade. These business interactions often lead to joint ventures, knowledge exchange, and new investment partnerships.
A notable example is the multi-billion-dollar partnership between ADNOC (Abu Dhabi National Oil Company) and OMV (Österreichische Mineralölverwaltung Aktiengesellschaft), which resulted in the creation of the world’s fourth-largest polyolefins company. It shows how collaboration between UAE and European companies can produce competitive global results.
How Businesses Can Build on This
The UAE-Austria partnership reflects a broader effort to strengthen the UAE’s economic ties with Europe. For businesses, it shows steady growth potential and a welcoming environment for investment.
If your company is considering expansion into the UAE, now is a good time to explore the options.
The UAE offers a clear framework for company formation, visa facilitation, and tax compliance, making it easier for new entrants to establish a presence.
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