Go to blog 30th April 2024 – Vienna, Austria
The Austro-Arab Chamber of Commerce, in partnership with the Federation of Austrian Industries, orchestrated a thriving gathering with the Ambassadors and Representatives of the Arab States on 30th April to foster bilateral relations and explore avenues for economic collaboration. The event saw the participation of ambassadors and representatives from Algeria, Egypt, GCC, Iraq, Tunisia, Kuwait, Morocco, Oman, Qatar, Saudi Arabia, Sudan, Syria, and Yemen, alongside the OPEC Secretary General and Vice-President of OPEC Fund.
Mr. Georg Knill, President of the Federation of Austrian Industries, took the stage to introduce the Federation to the audience, providing a comprehensive overview of its pivotal role in political spheres, adeptly representing the interests of its members.
Following Mr. Knill's introduction, His Excellency Dr. Abdullah Tawlah, Ambassador of the Kingdom of Saudi Arabia and Current President of the Arab Ambassadors Council, underscored the significance of fostering robust ties between Austria and the Arab nations.
Dipl.-Ing. Mouddar Khouja, Secretary General of the Austro-Arab Chamber of Commerce, complemented His Excellency's remarks with a nuanced elucidation of the history and trade relations between Austria and the Arab countries. With more than half of the world’s oil reserves being located in the Arab countries, and some of the fastest growing economies with GDP growth reaching up to 9%, the Oil & Gas sector remain to play a pivotal role in the future, although we currently see a strong trend for diversification, especially in the Gulf countries.
His Excellency Alghais, Secretary General of OPEC, underscored the strategic significance of OPEC in shaping future energy sourcing, emphasizing its pivotal role in facilitating the development of emerging trends in energy production. From pioneering resource development initiatives to navigating the dynamic landscape of energy composition, OPEC is poised to address the steadily escalating demand for energy in the forthcoming years. He emphasized OPEC's dual role, not only as a key influencer in shaping future energy paradigms but also as a staunch advocate for development aid and economic empowerment.
Transitioning the discourse to Her Excellency Al-Sheiby, Vice-President of the OPEC Fund, attention was drawn to the pivotal role assumed by the organization as a primary purveyor of development assistance. The OPEC Fund remains steadfast in its commitment to fostering economic growth and social advancement in low- and middle-income nations worldwide, irrespective of their affiliation with OPEC.
The discussions underscored the commitment of all stakeholders to support energy transition and create future collaborations especially in this field. The meeting served as a platform for constructive dialogue and the exchange of ideas, laying the groundwork for future collaborations between The Federation of Austrian Industries and the Arab states.
As we reflect on the outcomes of the summit, it is evident that the discussions have paved the way for meaningful partnerships and initiatives aimed at advancing mutual interests. Moving forward, it is imperative to build upon the momentum generated by this event, leveraging our collective strengths to drive positive change and prosperity in our respective regions.
Categories: Reports
