E-Newsletter 5/2012, 29 August 2012
AACC News & Reports

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! S A V E    T H E     D A T E !

10/11 October 2012:
Under the patronage of

Vice-Chancellor and Minister for European and International Affairs of Austria
H.E. Mr. Ali KARTI
Minister of Foreign Affairs of the Republic of Sudan

the Austro-Arab Chamber of Commerce (AACC)

in cooperation with the
- Embassy of the Republic of Sudan in Austria -
- Austrian Federal Economic Chamber (WKO) -
- Political Academy of the Austrian People´s Party (PolAK) -

have the pleasure to announce

6th Arab-Austrian Economic Forum - Country Focus: SUDAN

to be held on 10/11 October 2012 in Vienna, Austria.

The annual "Arab-Austrian Economic Forum" organised by the AACC offers a uniqe platform in Austria for the exchange of expertise and the deepening of Austro-Arab relations in economy, trade, culture and diplomacy.

This year's "6th Arab-Austrian Economic Forum" which is to be held on 10/11 October 2012 is focused on Sudan.
High-ranking politicians, experts and representatives from the public and private sector, officials from the bank and finance sector and representatives of other institutions from both Sudan, the Gulf Arab countries, Austria and the European Union have confirmed their participation and are going to present and discuss opportunities and challenges of a sustainable development in the region.

The Forum's programme will feature discussions panels with particular focus on investment opportunities and perspectives of the future cooperation with Sudan for Austrian, Arab and European cooperation partners.

A cultural programme presenting traditional folklore and art from Sudan will complement the Forum to make it a unique and attractive event for all visitors also interested in Arab art and culture.

More information on programme, location and speakers will be circulated shortly in our following announcements.

We are looking forward to welcoming you at our upcoming "6th Arab-Austrian Economic Forum" !


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H.E. EL WAZER receives offer for water desalination in Gaza

25 July 2012

During a meeting at the premises of the Austro-Arab Chamber of Commerce (AACC) on Wednesday, the 25th July 2012, the Ambassador of the Permanent Mission of Palestine, H.E. Dr. Zuheir EL WAZER, met with Eng. Franz NEUBACHER, Director General of the Austrian company UV & P Environmental Management and Engineering which is a member of the AACC.

Eng. NEUBACHER made an offer by which UV & P is trying to apply the most recent technology in the field of alternative energy for the desalination of the seawater in the Gaza Strip.

In the course of the meeting Eng. NEUBACHER noted that the opportunities of recycling waste and turning it into energy were great in the Gaza Strip so that the seawater desalination machines could be provided with the needed energy for these works in the plants.

The company UV & P has been collecting international experience in the field of alternative energy technologies and waste management for more than 20 years.
Austria, itself, is one of the leading countries in Europe in this important sector. The country has imposed very strict restrictions to save the environment and also restrictions regarding organic and hazardous waste management. Austria has a long-standing experience in construction, project management, recycling technologies and treatment of different kinds of waste and energy production thereof.

H.E. Eng. AL-MOBTY: AACC’s important role in Saudi-Austrian Business Council

9 July 2012

The Chairman of the Council of Saudi Chambers of Commerce and Industry, H.E. Eng. Abdullah S. AL-MOBTY, praised the important role of the Austro-Arab Chamber of Commerce (AACC) in promoting trade and economic relations between the Republic of Austria and the Arab States.

He emphasised that the AACC would play an important role in further developing the Saudi-Austrian economic relations through the Saudi-Austrian Business Council which had been established in Austria’s capital Vienna lately.

On the 9th July 2012 a delegation of the Council of Saudi Chambers under the direction of H.E. Eng. AL-MOBTY who was accompanied by members of the Council and Saudi-Arabian businesspeople came to Austria on a working visit to further develop and promote the trade and economic relations between the Kingdom of Saudi Arabia and the Republic of Austria.

The President of the Austro-Arab Chamber of Commerce (AACC), and Vice-President of the Austrian Federal Economic Chamber Senator Dr. Richard SCHENZ, and Secretary General of the AACC, Eng. Mouddar KHOUJA, invited the Saudi delegation for lunch.

The AACC’s Secretary General also invited the high delegation to visit the Austro-Arab Chamber of Commerce at their premises where both sides discussed the possibilities of strengthening and deepening the partnership between Austria and Saudi Arabia in all relevant fields. Eng. KHOUJA gave a PowerPoint Presentation on the history of Austria and its economic and scientific potentials. He also emphasised the importance of the deep Saudi-Austrian relations in different sectors.

H.E. Eng. AL-MOBTY, in turn, explained that the Saudi-Austrian Business Council would utilise the services of the Austro-Arab Chamber of Commerce and emphasised the importance of the AACC as a “kind of ambassador for the Council of Saudi Chambers” concerning the economic relations with Austria.

The economic report of the Austrian Federal Economic Chamber underlined that Saudi Arabia presented the biggest export market for Austria in the Arab World. According to the report Saudi Arabia has many advantages and a good economic basis which is why it is so attractive for investors and companies in Austria. Among these fields are: e-Government, water and waste treatment, alternative energy technologies and its possible applications, security printing of documents and personal documents and construction and setup of factories, traffic, infrastructure, plants and machines.


AACC organises Training Seminar for Secretaries General of Arab Chambers

2-7 July 2012

From the 2nd to the 7th July 2012, the Austro-Arab Chamber of Commerce organised its bi-annual Training Seminar for Secretaries General and Directors General of the Arab Chambers with the goal to deepen the relations between the Arab Chambers and to improve communication.

This year’s intensive training was completed by participants from Syria and Kuwait. The comprehensive programme included several presentations by leading representatives from the Austrian Federal Economic Chamber (WKO) who offered the participants the opportunity to get to know the activities of Austria’s Federal Chamber by providing specific information and to gain an insight into the activities of the economic sector in the Republic of Austria, the organisational structures and services and also into the already existing cooperation between the Austrian Federal Economic Chamber and the European economic zones as well as the trade relations on international level.

The seminar participants visited the Austrian Parliament where they were welcomed by Member of Parliament and Former Minister of Defense, Mr. Herbert SCHEIBNER. Both sides discussed the opportunities of cooperation between the Arab countries and Austria in different fields. Moreover Mr. SCHEIBNER provided the esteemed participants with information on the Austrian Parliament, its history and archaeological buildings and also on the proceedings of the Parliament.

The participants visited the Federation of Austrian Industries (Österreichische Industriellenvereinigung) where they were informed on its activities and discussed possible cooperation between Austria and the Arab States in the industrial sector.

Accompanied by Secretary General of the AACC, Eng. Mouddar KHOUJA, the seminar participants went to see the Austrian company Dotzauer Kristallleuchten ProduktionsgmbH & Co KG, a member of the Austro-Arab Chamber of Commerce and specialised on the production of crystals and crystal chandeliers.

The participants also received media training from Mag. Thomas EBNER, Director General of the Austrian media production MonitorTV, at the premises of the AACC. They learned how to act in front of the camera and got advice on their appearance in the media, and also on how to react appropriately and quickly during interviews.

The Training Seminar also comprised of several visits on-site where the participants for example visited Austria’s currently biggest construction site, namely that of the main station in the capital Vienna, and learned about the funded works related to this project.
Moreover they learned about the excellent services of the Institute for Economic Promotion of the Economic Chamber for Vienna (WIFI). This institute is specialised on the education of job seekers according to the current demands of the market.
Austrian printing technology knocking at Jordan’s doors

6 July 2012

On the 6th July 2012 a delegation of the Austro-Arab Chamber of Commerce (AACC) led by Prof. Reinhart GAUSTERER, Vice President of the AACC and Director General of the Austrian company “Österreichische Staatsdruckerei” (OeSD Group), and accompanied by Eng. Mouddar KHOUJA, Secretary General of the AACC, visited Jordan’s capital Amman. There they met with several officials and visited companies to discuss the possibilities of bringing Austria’s advanced technologies in the field of safe printing to the Hashemite Kingdom of Jordan. Moreover they talked about possible cooperation with the OeSD Group. The delegation of the AACC also discussed future Austro-Arab partnerships with Jordanian companies in the field of smart chip cards.

The Secretary General of the Austro-Arab Chamber of Commerce also had a meeting with Mr. Issa Haidar MURAD, First Vice Chairman of the Jordan Chamber of Commerce and Member of the AACC Board of Directors. Both sides discussed the economic situation in the region and latest developments in both chambers. Furthermore, Eng. KHOUJA met with some other members of the Board of the Jordanian Chamber.
AACC trying to promote scientific and technological relations between Austria and Iraq

23 June 2012

In the course of the AACC’s efforts to improve the economic and trade relations between the Republic of Austria and the Republic of Iraq, on the 23rd June 2012 a delegation of the Austro-Arab Chamber of Commerce (AACC) led by Prof. Reinhart GAUSTERER, Vice President of the AACC and Director General of the Austrian company “Österreichische Staatsdruckerei” (OeSD Group), and accompanied by Eng. Mouddar KHOUJA, Secretary General of the AACC, travelled to Iraq for a three-days stay.

The delegation members had talks with high-level Iraqi representatives and discussed the possibilities of improving the relations between Austria and Iraq, above all in the field of safe printing and e-Government.

During the visit the delegation members of the AACC were guests of the Iraqi Minister of Science and Technology, H.E. Dr. Abdul Kerim AL-SAMERRAI, with whom they talked about support and strengthening of the relations between the two countries and discussed aspects of possible future cooperation. Both sides agreed on coordinating visits between Austria and Iraq beginning with a visit of prominent Austrians to the Republic of Iraq in September. These Austrians will be suggested by the Austro-Arab Chamber of Commerce and shall deepen the relations and promote cooperation in the field of e-Government. In the course of this visit it was also agreed to invite Dr. Heinz BRANDL, President of the Austrian Association of Engineers and Architects (ÖIAV) and one of the leading experts in Europe in the field of repairing ruptures in dams and bridges, to Iraq so that he may help with solving the Mosul dam problem with his expertise.

During their visit the AACC also had a meeting with representatives from the General Company for Information Systems in the Iraqi capital Baghdad where they talked about possible future cooperation in different technological fields.
Country News  
Following are recent articles about selected Arab countries:


Policy of caution : Uncertain time for banking in Egypt

Banks may have to adopt over the coming months, waiting to see how the dust settles from Egypt’s long-running political turmoil and how the installation of Mohammed Morsi as head of state will affect the economy and their business, Global Arab Network reports according to OBG.
As with other sectors in the economy, uncertainty over the political situation is spilling over into the banking industry. Banks have become cautious as economic growth has stalled, and a rapidly changing political climate has made it difficult to predict future trends with any degree of accuracy. Lending, particularly to smaller businesses, remains tight, with banks having become highly risk-adverse in the past 18 months, at least as far as credit to the private sector is concerned.
With the country’s economy growing at a somewhat subdued rate – GDP expanded by just 1.8-2% for the 12 months ending June 30, according to data issued by the Ministry of Finance in mid-July – there is some pressure for banks to ramp up lending to support stimulus efforts. However, while the newly elected president may have been sworn in and taken over the office of head of state, deep uncertainty lingers over how stable the political environment will remain.
One such concern is the level of public debt held by many of Egypt’s banks. According to some estimates, more than 60% of domestic credit is represented by public debt, meaning that banks are heavily exposed to any fallout from state default or downgrade. The incoming government will have to deal with at least some of the consequences of this higher state borrowing, with up to $4bn of short-term debt – much of it held by local lenders – due by the end of the year, the result of the interim military government selling bonds to fund measures to ease the economic downturn in 2011.
At the end of June, Standard & Poor’s (S&P) ratings agency said in a note that it was reviewing three of Egypt’s largest lenders, warning that these institutions could have their credit standing downgraded. S&P said that it had placed the three banks – Commercial International Bank (CIB), National Bank of Egypt (NBE) and Banque Misr – under credit watch, which could have negative implications as a result of the major sovereign risk they face, due to heightened political tensions.
The agency had already voiced its concerns over Cairo’s sovereign risk on June 25, when it placed its “B” long-term foreign and local currency sovereign ratings for Egypt on credit watch with negative implications, again citing political uncertainties, fiscal and external pressures.
The latest S&P announcement came only days after another ratings agency, Fitch, downgraded NBE and its subsidiary the National Bank of Egypt (UK), as well as CIB’s long-term foreign currency issuer default ratings to “B+” from “BB-” with a negative outlook. In the case of NBE, though state-owned, Fitch warned that while authorities would want to provide support to the lender if it should need it, the ability to provide that support is now limited. While stressing that NBE had retained its strong domestic position, accounting for around 25% of all deposits, NBE and CIB are both somewhat constrained by the national sovereign rating and the risk entailed in holding sovereign debt.
In both cases, the agencies linked their concerns over the banks’ creditworthiness to the political situation, with Fitch saying that, “The need to re-run parliamentary elections will, at the very least, delay the emergence of a workable and inclusive governance structure. Such political uncertainty could weaken confidence and heighten near-term economic and financial pressures facing Egypt”.
At present, there is no suggestion that Egypt is moving toward a default, and indeed, there has been some easing of tension since President Morsi took office. As long as a degree of certainty returns to the political sphere, and a Morsi-led administration can both inspire confidence and implement economic reforms, Egypt’s banking sector should be able to weather any short-term difficulties. (OBG



Jordan Investment Board: Capital inflows for 2012 will be 60% higher than in 2011

Even though foreign direct investment (FDI) inflows are poised to rise sharply in the second half of 2012, the Jordanian government is treading cautiously against the background of a still fragile global economy and daily concerns over the level of regional instability on its own doorstep, Global Arab Network reports according to OBG.
The Jordan Investment Board (JIB) has estimated that capital inflows for 2012 will be 60% higher than in 2011, with the projected increase carrying overseas investments well over the $2bn threshold. According to Awni Rushoud, acting CEO of the JIB, a raft of new projects is expected to be approved during the coming months, largely due to a targeted campaign promoting Jordan as an investment destination, with particular focus on Gulf states, the US, South Korea and Spain.
While Jordan is able to offer stability, security and safety, Rushoud did acknowledge that the Kingdom has not been able to take full advantage of these positive attributes due to the ongoing turmoil in the region, with the fighting in Syria cutting trade routes and undermining confidence.
If Jordan does achieve the levels of FDI that Rushoud has forecast, it will mark the reverse of a four-year trend. According to data released by the UN Conference on Trade and Development (UNCTAD), Jordan and a number of other countries in the Middle East and North Africa region have seen FDI plunge. In its World Investment Report 2012, UNCTAD reported that Jordan had attracted just under $1.47bn in FDI in 2011, down from $1.65bn in 2010 and less than half the $3.5bn in 2006.
To encourage the Jordanian economy to recover more quickly, the International Monetary Fund (IMF) announced on July 25 that it had reached a preliminary $2bn standby agreement with Amman that will be used to support reforms to the economy, thus helping to stimulate growth and overseas investment. Central to the programme is a commitment by the government to implement structural reforms aimed at improving the business environment, enhancing transparency and fostering trade.
In its statement, the IMF made it clear that many of the problems besetting the Jordanian economy and the flow of inbound investments were not of the Kingdom’s own making. “Jordan’s economy has been hit by exogenous shocks that were outside the government’s control,” said Kristina Kostial, the IMF’s mission chief for Jordan, in a statement issued in Amman. “At the same time, regional tensions and the global economic downturn adversely affected tourism, worker remittances and FDI. As a result, growth has slowed.” The IMF’s executive board is expected to give its final approval to the standby deal, which is set to run for a three-year term.
Another factor Jordanian officials believe will help stimulate FDI is the $5bn fund agreed to in 2011 by Saudi Arabia, the UAE, Kuwait and Qatar, which will serve to back development programmes in the Kingdom. In an address to a workshop on promoting investments in Jordan in early July, Jafar Hassan, the minister of planning and international cooperation, said the GCC funds could prime the pump for a further $12bn worth of FDI in the water, energy and transportation sectors.
While the timing of the funding, and to what projects it will be directed, has yet to be finalised, the promise of fiscal support from the Gulf states could help sway other investors.


Kuwait’s Capital Market Authority: Improving marketability

Ahead of a planned privatisation of the country’s stock exchange, Kuwait’s Capital Market Authority (CMA), has been stepping up efforts to ensure listed firms are fully in compliance with a tightened regulatory regime, while at the same time providing transparency and accountability, Global Arab Network reports according to OBG.
At the beginning of 2012, it was announced that the Kuwait Stock Exchange (KSE) would itself go public, with international bank HSBC tasked with overseeing the transformation. As part of that process, the CMA and the exchange have been moving to improve the KSE’s brand, including refining trading regulations, and strictly enforcing reporting and transparency requirements.
While regulators have shown patience and a degree of latitude towards companies adapting to the new, more stringent regime, the CMA and the KSE have made clear that latitude is being replaced by attitude. In late March, the KSE said it was considering suspending trading in the shares of 67 listed firms – well over 25% of the total number of companies on the exchange’s boards – if they failed to lodge their final end-of-year financial reports by April 1. According to the exchange, some two-thirds of the companies had not set a date as of March 29 for board meetings to discuss financial results.
In mid-May, a number of companies were suspended from trading after they violated a requirement to declare their financial results for the first quarter within 45 days. In one of the most recent instances of tighter reporting compliance, the CMA warned it would delist finance firm Global Investment House unless the company provided information that it was remedying financial problems by September 30.
While some may see the steps being taken by the CMA as harsh, they will result in a leaner and better-regulated exchange. This in turn will make the KSE itself a more appealing prospect for investors when the bourse goes public, while at the same time instilling fiscal discipline in listed firms, adding to their own appeal for potential investors.
Efforts to strengthen the market and boost investor confidence may be paying off. The KSE has seen an increase in activity in the first half of this year, with $15.3bn worth of shares traded up to the end of June – 18% up on the daily rate of trading in the same period of 2011 – when there was just $22bn of deals done across the entire 12 months.
However, while this increased level of investor interest is encouraging, even if the KSE maintained the same rate of activity through to the end of the year, the total would still fall well short of the $44bn worth of trade in 2010, or the $75bn the year prior, according to a report issued by NBK Capital in early July.
Also, there is a strong chance that the more traditionally quieter summer term, which this year coincides with Ramadan, may see a decline in demand. Additionally, in a report issued on July 28, brokerage firm Al Oula said that many major investors were adopting a cautious approach ahead of the release of second-quarter results, reinforced by concerns over regional developments.
In an earlier report, the company said that trading would likely remain within a limited range throughout the rest of the summer unless the government stepped in, though state investment agencies would probably maintain their own careful position in the shorter term.
It will likely be later in the year before a fair assessment of trader sentiment can be made and how well listed firms respond to the CMA’s stricter policies. However, what is certain is that the KSE will likely be a more open and accountable institution when its own shares are listed.


Supporting innovation in climate technologies and job creation in Morocco

Last year, Mr. Berrada patented a new invention for solar-water heaters at the Moroccan Office of Property Rights (OMPIC). His idea is to improve the efficiency of solar-water heaters by introducing a heat-transport fluid system specially designed for buildings and communities. Mr. Berrada, a state engineer and a graduate of the Hassania School of Public Works, dreams of bringing his concept into commercial reality. But he struggles.
To start with, he would need technical support to elaborate a business plan and financing for a prototype. If he could commercialize this promising technology, Moroccan consumers would be able to buy better solar-water heaters, local green jobs would be created and climate change emissions would be reduced.
The World Bank is currently developing a Climate Innovation Center (CIC) in Morocco to help innovators such as Mr. Berrada achieve their goals. CICs provide a tailored set of financing and other services to allow the local private sector to participate more pro-actively and profitably in the ongoing clean technology revolution.
InfoDev, a global partnership program within the World Bank Group, is leading the development of seven other CICs around the world. An on-going technical assistance project, jointly piloted by the World Bank and InfoDev, is preparing a business plan for the first CIC in the Middle East and North Africa (MENA) region after exhaustive consultations with numerous local stakeholders.
To identify the needs of entrepreneurs such as Mr. Berrada, the World Bank team recently finished a survey covering a broad spectrum of stakeholders engaged in innovation and climate technologies in Morocco. Around one hundred responses were received, half of them from industries and start-ups. The survey identified obstacles to innovation and ways that the Moroccan CIC could remove them. The results demonstrated a clear need among Moroccan stakeholders for the kind of services the CIC could provide. The key results of the survey are the following:
Strong demand for services to overcome the “valley of death” in product commercialization: applied research, demonstration and market entry.
Desire for (1) Information about market development and technologies, (2) Technical trainings, and (3) Financing suitable for small and medium enterprises that is not currently available in the market.
90% of respondents considered participation in national and international networks essential, which the CIC could provide to enhance technical capacities and foster technology transfer.
88% of respondents saw benefit in a focal point, or cluster, for climate technologies in Morocco such as the one that CIC could provide.
Morocco has a plethora of stakeholders involved in innovation and/or climate technologies. The government has recently put in place several instruments to show its commitment, e.g. innovation funds, clusters, etc. However, it will take some time before concrete results are visible . The CIC could support the country's progress towards a green economy. Moreover, it could assist Mr. Berrada and his fellow innovators in converting his dream into reality and, in the process , create badly needed local jobs.


Meeting water demand – Oman: utilities sector turning to private and foreign investors

(Global Arab Network) – The utilities sector is turning to private and foreign investors to help spur the growth needed to meet local demand. The construction of 16 power and water projects worth $3.1bn is slated to increase water desalination capacity in the country, as well as improve wastewater treatment and conservation awareness, Global Arab Network reports according to OBG.
According to the latest seven-year statement of the Oman Power and Water Procurement Company (OPWP), published in 2006, the total demand for desalinated water in the regions covered by the main interconnected system is increasing by approximately 12.5% per year, from around 86m cu metres per year in 2006 to a projected 197m cu metres in 2013. Peak daily demands are projected to reach 472,000 cu metres per day in the Muscat zone, 160,000 cu metres per day in the Sohar zone and 70,000 cu metres per day in the Sharqiya zone.
The government has recognised the need to increase local desalination capacity to meet domestic water needs, and plans for a number of new projects and expansions are already in the works.
For example, the race for a contract to build a $400m independent water desalination plant at Ghubrah, in the Muscat Governorate, has been narrowed down to five bidders. The first call for tenders for the project was put out in September 2011, with OPWP overseeing procurement on behalf of the Public Authority for Electricity and Water. The facility is expected to produce 191,000 cu metres of desalinated water per day.
The five companies left in the running, having passed through the prequalification stage, are the Japan-based Marubeni Corporation; Singapore-based integrated water and environmental solutions provider Hyflux; Acciona Agua, a Spanish firm specialising in potable water and wastewater utility; Malakoff International, a subsidiary of the Malakoff Corporation, the largest independent water and power producer in Malaysia; and Spanish water utility firm Grupo Cobra. All five firms have submitted plans for the construction and development of the Ghubrah facility, and the winning bid is expected to be announced in the fourth quarter of 2012.
In an additional boost to local water production, ACWA Power Barka, the first privately funded water project in the country, was given government approval in mid-July to increase its desalination capacity by 45,000 cu metres per day. Run by Saudi Arabia-based ACWA Power International, the facility was awarded permission to expand by the OPWP.
The expansion will be a separate facility from the existing plant, but will also be located in Barka, some 65 km north of Muscat. Construction is due to begin by the end of the third quarter of 2012, and ACWA intends to begin water production by the fourth quarter of 2013.
This additional capacity has been made particularly necessary due to the likelihood that some of the older desalination units of existing plants – including at Ghubrah –will be taken out of operation in the coming years. The contract for ACWA’s Barka I plant will end in April 2018 if the agreement with the OPWP is not extended.
An expansion in wastewater treatment will also provide an additional boost to the local supply. Haya Water, the government-run company that handles wastewater management for the Muscat Governorate, is aiming to help combat the annual 350m-cu-metre nationwide shortage by expanding its catchment and treatment facilities, which include areas that supply storage for rain and other water runoff.
The company, which provides water to residential, commercial and government facilities in Muscat, is aiming to achieve an 80% network connectivity rate by 2018 – up from the current 22% – and to produce 220,000 cu metres of treated effluent, also known as recycled water, per day. While much of the treated effluent now goes toward watering the city’s parks and green spaces, much of the additional water will go toward cultivating local agriculture.
These new projects will all help to increase water treatment and desalination, and the expected tripling in the amount of treated wastewater will greatly increase the country’s ability to cultivate local agriculture, while additional desalination facilities will ensure that the supply of potable water continues to meet the needs of Omanis.



Qatar: Real estate sector appears set for steady growth

(Global Arab Network) – While the overall direction of the real estate sector appears set for steady growth through the next 12 months, demand may be uneven across the various segments as the market moves towards striking a balance between supply and demand, particularly in office accommodation, Global Arab Network reports according to OBG.
According to the most recent data from the Real Estate Registration Department (RERD) at the Ministry of Justice, between June 24 and July 5, some $440m worth of property transactions were registered with the RERD, indicating strong activity across the board through the sales of open plots of land, villas, houses, residential buildings and complexes.
Though marginally down on the almost $275m per week average for property transactions across the first quarter of the year, the figures released by the RERD do suggest that the momentum has been maintained, even going into the summer months, when activity can be more subdued as locals travel to escape the heat.
Importantly, this year’s results look likely to eclipse those of 2011, when a total of $7.2bn worth of transactions were conducted. RERD figures show that for the first quarter of 2012 alone, sales of $3.5bn were logged, putting the market in line with the $13.7bn worth of trade some analysts predicted at the beginning of the year.
These predictions are backed up by the findings of a recent study by local real estate firm Tanween, which forecast solid growth for the residential segment, with the mid-tier segment tipped to perform the best. According to the Tanween report, while there will be a steady flow of new residential stock coming onto the market, with some 18,000 units expected to be made available, increasing demand should see this supply taken up, particularly by a growing number of expatriates coming to Qatar who will be seeking mid-market or higher levels of accommodation.
By contrast, Tanween suggests that the heavy flow of new office space coming on to the market in 2012, estimated at around 650,000 sq metres – more than four times the level of 2011 – may not be fully taken up by expanding state agencies or the private sector.
Another property firm believes a balance will be struck sooner rather than later, with real estate firm Asteco Property Management saying companies involved with infrastructure projects – both associated with Qatar’s hosting of the 2022 FIFA World Cup and with the government’s investment programme – will drive up occupancy rates.
However, it is in the residential component that there is the biggest movement in the rental markets, with rents for smaller apartments rising 8% in the first quarter of 2012, Asteco said in its report, issued in early July. Jed Wolfe, the managing director at Asteco, said that while the flow of new residential properties onto the market may limit further rental growth, this would be only a short-term situation.
The 8% rate of increase for smaller and medium-sized apartments outstripped the year–on-year (y-o-y) increase in Qatar’s GDP, which climbed by around 6.9% in the first quarter of 2012, according to data released by the Qatar Statistics Authority (QSA) on July 7. Significant among the figures released by the QSA was the strong performance of the construction sector, which posed y-o-y growth of 11.4%. While some of this can be accounted for by non-property building projects, a fair proportion of the construction activity will result in new real estate developments down the track.
The property market may be affected to some degree by a more moderate rate of growth in the domestic economy, with GDP forecast to expand between 6% and 10% in 2012, before easing back to 4.5% in 2013, mainly due to a stabilising of gas production and exports. However, rising demand will still need to be met, making property investments an appealing option.



Riyadh Chamber of Commerce: Saudi Arabia economic to grow by 5.3 percent

(Global Arab Network) – Saudi Arabia’s economic landscape is expected to see an average growth of 5.3 percent over the year, which is likely to impact oil and non-oil sector positively, according to a report released by the Riyadh Chamber of Commerce and Industry and published in Arab News.
According to the report, government spending will remain the primary growth driver for the national economy as the private sector depends on the volume of government spending in its activity, the report said.
In light of the report findings on collective data in 2011, imports of capital equipment were valued at SR 209.4 billion ($55.84 billion), non-oil exports stood at SR 175.5 billion ($46.80 billion), the number of productive factory plants was 5,043, total industrial loans cleared by the Saudi Industrial Development Fund (SIDF) at SR 27.4 billion ($7.3 billion), Tadawul index at 6,418 points, value of awarded contracts at SR 156.5 billion ($41.7 billion), and oil production yielded SR 1.19 trillion around $266 milliard, according to Arab News on Tuesday.
However, imports of capital equipment increased by 21 percent compared to last year, whereas non-oil exports rise by 48.7 percent, indicating a growth of private sector firms. Also, the number of productive plants has increased by 6.3 percent compared to last year, Arab news said.
Additionally, overall loans provided by the Saudi Industrial Development Fund have also increased by 10.5 percent compared to last year, which, according to the report, will impact the industrial output in particular, and on economic growth in general.
Tadawul index fell by 3.1 percent compared to last year, where the capital market index normally reflects the investment environment from investors’ point of view, the report said.
Regarding construction contracts, the number of awarded projects increased by 46 percent compared to last year’s figures.
Meanwhile, oil revenues have increased by 37.6 percent compared with last year due to the increase of production and oil prices. The oil sector as a major source of revenue for the state budget is set up to make the major part of the gross domestic product. This is believed to boost confidence in the Saudi economy and drive its growth further, the report added.


Tunisia - Support Transition with Focus on Jobs, Inclusion and Voice

(Global Arab Network) – Jobs and economic recovery, along with support for reforms to give citizens more voice and make government more transparent and accountable , will be the overall focus of World Bank activity in Tunisia for the next two years. The new approach announced is designed to assist Tunisia as it manages a crucial stage in its political transition.
The Interim Strategy Note (ISN), which was discussed by the World Bank Board of Directors today, was prepared jointly with the International Finance Corporation (IFC), and with the participation of the Multilateral Investment Guarantee Agency. It was informed by extensive consultation with interim authorities, civil society organizations, youth and women’s groups, and the private sector.
The ISN will guide World Bank Group engagement during the period in which the constituent assembly draws up a constitution and organizes elections. A full Country Partnership Strategy will be developed after the elections, to ensure that the programs it underpins are fully aligned with the priorities of the new government. As a temporary instrument, the ISN provides the flexibility that will allow the Bank to adjust its strategy to meet new requests and changing circumstances in a rapidly evolving environment.
The ISN will focus on three main areas of support. The first aimed at laying the foundation for renewed sustainable growth and job creation. Related programs will be geared toward restoring investor confidence in the short term and boosting private sector activity over the longer term. The second is the promotion of social and economic inclusion by improving access to basic services for underserved communities and improving the efficiency of social safety net programs. The third will focus on strengthening governance through improved access to public information as the basis for increased social accountability and transparency.
A priority that will cut across all three areas, and which will be integrated into all Bank programs, is to maintain and advance the role of Tunisian women throughout the political transition. Continued outreach remains a priority too. The extensive consultation done in the preparation of the ISN and the diverse range of relationships established will be built upon in the months ahead in engagement with new stakeholders.
The newly announced ISN replaces the 2010-2013 Country Partnership Strategy, which needed to be reframed to meet the needs of post-revolutionary Tunisia.


UAE: GDP grew by 29.9%, exceeding $ 200 billion in Abu Dhabi

(Global Arab Network) – Buoyed by positive growth in 2011, Abu Dhabi looks set to see a strong economic performance again this year. Though efforts to diversify the economy continue, high oil prices ensured that energy was the emirate’s strongest performer last year, even as non-oil sectors’ contribution to GDP increased, Global Arab Network reports according to OBG.
Figures released by the Statistics Centre - Abu Dhabi (SCAD) in early July show that the emirate’s GDP grew by a nominal 29.9% in 2011, exceeding $200bn for the first time and putting its economy near the top of the list for global growth.
Commenting on the figures, SCAD said the significant growth across Abu Dhabi’s economy in both oil and non-oil sectors was a clear indication that the emirate had moved forward from economic turbulence. “These results demonstrate that the emirate’s economy has bounced to levels above those that dominated prior to the global financial crisis, giving it a huge competitive advantage and boosting its appeal to local and foreign investors,” it said.
The figures surprised both analysts and officials who had made lower estimates for Abu Dhabi’s 2011 GDP of approximately $155bn. High oil prices ensured that energy was the strongest performer in Abu Dhabi’s economy, accounting for 58.5% of income, with revenue from mining and quarrying activities, which mainly consists of oil extraction, rising by 53.2% last year.
Growth for the non-oil sector, by comparison, was 7%. Non-oil activities contributed 41.5% of the emirate’s GDP in 2011, rising from Dh99.3bn ($27bn) in 2001 to Dh334.3bn ($91bn) last year, according to SCAD. Broken down by sector, the transport, storage and communications sector increased by 22.4% in 2011; manufacturing by 21.5%; finance and insurance by 13.6%; real estate and business services by 11% each; and health and social services by 9.6%.
Although Abu Dhabi’s rate of growth is strong, SCAD emphasised that the data are preliminary, with a more accurate estimate to come after the formal confirmation of the figures from the fourth quarter of 2011. Inflation, however, is not expected to significantly affect GDP, with figures issued by SCAD showing that price increases for 2012 are likely to be similar to those of last year when the consumer price index (CPI) rose by just 1.9%.
Jarmo Kotilaine, the chief economist of National Commercial Bank in Saudi Arabia, expects Abu Dhabi’s growth rate for 2011 to be similar to that of the KSA once the numbers are finalised.
Saudi Arabia posted nominal growth of 28.2% last year, with real GDP growth later confirmed at just below 7%. In an interview with UAE daily The National on July 8, Kotilaine said the anticipated figures for Abu Dhabi “...certainly would point to a rebound in economic activity from the post-crisis situation, and that certainly goes beyond the oil sector”.
While the figures from SCAD signal good news on overall economic performance for Abu Dhabi, they also serve as a reminder that the emirate is still some way off reducing its reliance on hydrocarbons.
In its long-term plan, the emirate set out a target to lower the contribution oil makes to GDP from 58% to 36% by 2030. However, higher oil prices and the windfall revenue they generated in 2011 meant the sector’s contribution to Abu Dhabi’s economy actually rose by almost 10% last year from 49.7% in 2010.
Abu Dhabi may not reap such a high level of windfall profits from hydrocarbons this year if, as anticipated, global economic uncertainty continues to produce a drop in demand and lower prices for oil. However, analysts point to heightened activity in trade, transport, tourism and services, which are expected to play an increased role in helping maintain growth.
The emirate’s real estate sector, which suffered an oversupply of housing stock when it was hit by the world’s financial woes, is also showing signs of beginning to emerge from a slump. However, it will likely take time for confidence to return to the sector.
In the meantime, Abu Dhabi is set on a path to growth once again this year, with the non-oil sector’s contribution to GDP climbing steadily and the energy sector maintaining positive momentum. (OBG)

New Members  

The AACC is honoured to welcome its NEW MEMBERS from AUGUST 2012:


The AIT Austrian Institute of Technology takes a leading position in the Austrian innovation system and a key role in Europe as the RTO focusing on the key infrastructure topics of the future. AIT provides research and technological development to realize basic innovations for the next generation of infrastructure related technologies in the fields of health & environment, energy, mobility and safety & security. These technological research areas are supplemented by the competence in foresight & policy development. As a national and international network node at the interface of science and industry AIT enables innovation through its scientific-technological expertise, market experience, tight customer relationships and high quality research infrastructure.

AIT Austrian Institute of Technology
Address: Donau-City-Straße 1, 1220 Vienna
Telephone: +43 +43 (0)5055 - 0
Fax: +43 (0)50550-4150
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Website: www.ait.ac.at


DB Schenker is a leading integrated transport and logistics service provider in the world with 95,000 employees in 2,000 locations. As the no. 1 in European road transport, no. 2 in air freight and no. 3 in sea freight and with a complete range of contract logistics solutions the company provides all services from a single source – in accordance with its slogan “Delivering solutions”. The services are rounded off by customised project and heavy transports, customs clearance, a worldwide network of fair and event experts and specialists in art transports and removals.
Schenker originated in Austria. In 1872 Gottfried Schenker founded the transport company named after him in Vienna and started to build up an international network. This and DB Schenker’s 140 years of experience offer many advantages for customers:
- worldwide transport with the highest reliability
- flexible solutions using all means of transport
- continuous information flow

 Address: Gottfried Schenker Straße 1, 1110 Vienna - Austria (Vienna Headquarters)
 Telephone: +43-(0)5-7686-211900
 Fax: +43-(0)5-7686-211909
 E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
 Website: www.dbschenker.com/at

The AACC is pleased to circulate the following announcements (English/German)
by its esteemed cooperation partners and members
(please be invited to contact us if you are interested to publish an announcement in this section): 


25th Anniversary Celebration

The Europe Arab Bank plc will celebrate its 25th Anniversary Celebration of The Arab Bank Group presence in Austria on 27 September 2012.

About Europe Arab Bank plc:
Wherever in Europe, North America, the Middle East and North Africa our clients are located or want to do business, Europe Arab Bank is available to help. Our deep knowledge and experience of the region, teamed with our dedication to providing the expertise, products and solutions that help our clients achieve their goals is what sets us apart.
As a wholly-owned subsidiary of Arab Bank plc, Europe Arab Bank offers clients a rich heritage combined with a focused, progressive offering structured to meet the needs of today's international clientele.

Contact in Austria:
Mr. Nadim Khalili
Country Administration Manager
Europe Arab Bank plc / Vienna Office
Mahlerstrasse 7, 1015 Vienna - AUSTRIA
Tel: +43 (0)1 / 513 42 40-15
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Website: www.eabplc.com

The AACC is honoured to extend its warm congratulations to its esteemed member Europe Arab Bank plc on this very special occasion!


Jetzt besonders günstig nach Dubai reisen. Buchen Sie noch bis zum 31. August unser Dubai Special und genießen Sie den Komfort an Board einer unserer 13 wöchentlichen Flüge von Wien nach Dubai. Zwischen dem 16.08. und 15.12.2012, sowie dem 31.12.2012 und 20.3.2013 fliegen Sie mit Emirates um EUR 340 (zzgl. Taxen und Gebühren) in die wohl beeindruckenste Metropole am Persischen Golf.

Als Firmenkunde gleich doppelt Meilen sammeln. Mit Business Rewards sammeln Firmenkunden von Emirates für jeden Flug wertvolle Business Rewards Meilen, während dem einzelnen Mitarbeiter zusätzlich auch Skywards Meilen gutgeschrieben werden. Die angesammelten Meilen können, genau so wie mit Skywards Meilen auch, für Freiflüge und Upgrades eingelöst werden, die von jedem Mitarbeiter in der Firma genützt werden können. Mehr Informationen zur Anmeldung finden Sie auf emirates.com

Elisabeth Schmon
Sales Coordinator
Mahlerstrasse 12/6 | T +43 1 5326028 107
1010 Vienna, Austria | F +43 1 533 6887| emirates.at



Moderne arabische Frauen · Modern Arab Women:
Die neue Generation in den Vereinigten Arabischen Emiraten. The New Generation in The United Arab Emirates

Book sheds new light on Emirati women

With the aim of giving foreigners a better perspective of Emirati women, author and journalist Judith Hornok was inspired to write a book on forwardthinking UAE women during her time in the country. Modern Arab Women — The New Generation of the United Arab Emirates was launched during the Festival of Thinkers conference in the United Arab Emirates. Shaikh Nahyan Bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research and the Chancellor of HCT, attended the launch and was presented with Hornok's first signed copy of the book. It is published in German and English.

Hornok said the book helps Europeans understand the UAE better, addresses local culture and traditions and highlights how misunderstandings can arise due to ignorance and cultural differences. She said she had preconceptions of Arab countries before she visited the UAE and was heavily biased by western media.

(Source / Quote: Gulf News, 15 November 2011)

"Modern Arab Women - The New Generation of the United Arab Emirates" - available in local bookstores, through Amazon or contact to the Austro-Arab Chamber of Commerce: telephone +43 (0)1 513 39 65; e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it  


  Arabic - بالعربية 
الوزير يتلقى عرضا بتحلية مياه غزة

في لقاء احتضنته غرفة التجارة العربية النمساوية التقى الدكتور زهير الوزير، سفير فلسطين لدى النمسا يوم الأربعاء 25 يوليو 2012، المهندس فرانس نويباخر مدير شركة نويباخر النمساوية لإدارة وهندسة البيئة UV&P ، العضو في الغرفة؛ حيث قدم عرضا للوزير  بإقامة شركته مشروعا لتحلية مياه البحر في قطاع غزة باستخدام تقنية الطاقة البديلة.
وأشار نويباخر خلال اللقاء إلى إمكانية استخدام الطاقة الناتجة عن تدوير النفايات في القطاع لإمداد محطات تحلية مياه البحر بالطاقة اللازمة للعمل داخل تلك المحطات.
وتُعدّ شركة نويباخر لإدارة وهندسة البيئة لديها خبرة دولية أكثر من 20 عاما في مجال تقنيات الطاقة البديلة، وإدارة النفايات. كما أن النمسا تعد من أكثر الدول الأوروبية تقدما في هذا المجال الحيوي، بالإضافة إلى القيود الصارمة التي تفرضها البلاد من أجل المحافظة على البيئة، وخاصة فيما يتعلق بالتخلص من النفايات العضوية والنفايات الخطرة. وللنمسا خبرة واسعة في مجال تصميم وإدارة المشروعات وتقنية إعادة التدوير ومعالجة مختلف النفايات، وإنتاج الطاقة منها.      

المبطي: دور مهم للغرفة العربية النمساوية في مجلس الأعمال السعودي النمساوي

أشاد المهندس عبد الله المبطي، رئيس مجلس الغرف السعودي بالدور الذي تقوم به غرفة التجارة العربية النمساوية في مجال تعزيز العلاقات التجارية والاقتصادية بين النمسا والدول العربية.

ولفت المبطي إلى أن الغرفة سيكون لها دور مهم في تنمية العلاقات الاقتصادية النمساوية السعودية، من خلال مجلس الأعمال السعودي النمساوي، الذي تم الاتفاق مؤخرا في العاصمة النمساوية فيينا على تأسيسه.

وكان وفد من مجلس الغرف السعودية برئاسة المبطي، وبمشاركة لفيف من أعضاء المجلس ورجال الأعمال السعوديين، قد وصل إلى النمسا يوم 9 يوليو 2012 في زيارة عمل هدفت إلى الارتقاء بمستوى العلاقات التجارية والاقتصادية بين المملكة والنمسا.

ووجه الدكتور ريتشارد شينتس، نائب رئيس الغرفة الاقتصادية النمساوية، رئيس غرفة التجارة العربية النمساوية، الدعوة للوفد السعودي إلى مأدبة غداء حضرها أمين عام الغرفة، المهندس مضر الخوجه، والمستشار الاقتصادي النمساوي لدى المملكة، السيد بيير ديبري، إلى جانب عدد من الشخصيات الاقتصادية.

كما استقبل الخوجه وفد المجلس السعودي بمقر الغرفة؛ حيث دار حوار حول إمكانيات تعزيز الشراكة بين النمسا والسعودية وتعزيزها في جميع المجالات. وقد الخوجه عرضا مصورا عن تاريخ النمسا وإمكاناتها الاقتصادية والعلمية. كما استعرض تاريخ العلاقات النمساوية السعودية، وعمقها في مختلف المجالات.

ومن جانبه أشار المهندس عبد الله المبطي إلى أنه سيتم الاستعانة بالغرفة في مجلس الأعمال السعودي النمساوي، مؤكدا على المكانة التي تحظى بها الغرفة كسفير لمجلس الغرف السعودي في العلاقات الاقتصادية مع النمسا.

ويشار إلى أن التقرير الاقتصادي الصادر عن الغرفة الاقتصادية الاتحادية النمساوية يؤكد على أن المملكة العربية السعودية تعد أكبر سوق تصدير للنمسا في العالم العربي، كما أنها تضم العديد من المزايا والمقومات الاقتصادية التي تجذب المستثمرين والشركات في النمسا. ومن بين هذه المجالات: الحكومة الإلكترونية، تنقية المياه ومعالجة مياه الصرف الصحي، تقنيات الطاقة البديلة واستخداماتها، الطباعة الآمنة للوثائق والمستندات والهويات الشخصية، التشييد والبناء وإقامة المصانع، قطاعات النقل والبنية التحتية، والمعدات والآلات.

الغرفة تنظم دورة تدريبية لأمناء عموم الغرف العربية

في الفترة من 2 إلى 7 يوليو 2012، نظمت غرفة التجارة العربية النمساوية الدورة التدريبية السنوية لأمناء ومديري عموم الغرف العربية، والتي تهدف إلى تعميق العلاقات وتعزيز التواصل بين الغرف العربية.

وحضر الدورة التدريبية المكثفة هذا العام مشاركون من سوريا والكويت. وقد اشتمل برنامج الدورة على محاضرات قدمها ممثلون بارزون عن الغرفة الاقتصادية النمساوية، والذين أتاحوا الفرصة للمشاركين، من خلال معلومات مركزة حول نشاطاتها، لتكوين فكرة عن نشاطات الدوائر الاقتصادية في النمسا، والتعرف على هياكلها التنظيمية والخدمات التي تقدمها، فضلا عن التعاون القائم بينها وبين الغرف الاقتصادية والتجارية الأوروبية والدولية.
كما حل السادة المشاركون ضيوفا بمقر البرلمان النمساوي؛ حيث استقبلهم السيد هربرت شايبنر، عضو البرلمان وزير الدفاع السابق، والذي بحث معهم سبل التعاون بين الجانبين العربي والنمساوي في مختلف المجالات. كما قدم لهم معلومات حول البرلمان النمساوي وتاريخه، ومبناه الأثري، وكذلك نمط العمل داخل أروقة البرلمان.

وزار المشاركون اتحاد الصناعيين النمساويين، واطلعوا على نشاطات الاتحاد وتم التباحث بشأن إمكانيات التعاون بين النمسا والدول العربية في المجال الصناعي.
واصطحب أمين عام الغرفة، المهندس مضر الخوجه، السادة المشاركين في الدورة التدريبية في زيارة إلى شركة دوتساور المتخصصة في صناعة الكريستال والثريات، وهي عضو بالغرفة. وتعرف المشاركون على سير العمل داخل مصانع الشركة وسعتها الإنتاجية ونطاقات عملها.

كما تلقى السادة المشاركون دورة تدريبية إعلامية مكثفة بمقر الغرفة، أدارها السيد توماس إيبنر، مدير شركة مونيتور تي في النمساوية للإنتاج الإعلامي، واشتملت على التعريف بكيفية التصرف أمام كاميرا التلفزيون، ونصائح خاصة بالمظهر العام أمام شاشة التليفزيون وكذلك طريقة إجراء المقابلات الصحفية.

وتضمنت الدورة التدريبية التي أعدتها الغرفة عددا من الزيارات الميدانية؛ حيث اطلع ضيوف الغرفة كذلك على تفصيل بمجريات العمل داخل أكبر عمل إنشائي في النمسا حاليا، وهو محطة القطار الرئيسية في العاصمة فيينا، والتي يجري العمل فيها على مساحة 108 هكتار، وتضم مساحات للسكن والأعمال التجارية، إلى جانب كونها المحطة الرئيسية للقطارات في فيينا.

كما تعرف المشاركون على الخدمات التي يقدمها معهد التأهيل لسوق العمل في النمسا، والذي تخصصه الغرفة الاقتصادية النمساوية لتأهيل الباحثين عن عمل بما يفي بالمتطلبات الفعلية للسوق.

 تقنية الطباعة النمساوية تطرق أبواب الأردن

توجه وفد من غرفة التجارة العربية النمساوية برئاسة البروفيسور راينهارت جاوسترر، نائب رئيس الغرفة، مدير عام المطبعة الوطنية النمساوية، والأمين العام المهندس مضر الخوجه، إلى العاصمة الأردنية عمّان يوم 6 يوليو 2012؛ حيث التقى الوفد عدد من المسؤولين بشركات أردنية للتباحث بشأن إمكانيات استفادة الأردن من التقنية النمساوية المتقدمة في مجال الطباعة الآمنة، وسبل التعاون مع المطبعة الوطنية النمساوية في هذا المجال. كما ناقش وفد غرفة التجارة العربية النمساوية الشراكات المستقبلية مع الشركات الأردنية في مجال البطاقات الذكية.
كما التقى الأمين العام المهندس مضر الخوجه، بالعين عيسى حيدر مراد، النائب الأول لرئيس غرفة تجارة الأردن، واستعرض الجانبان الأوضاع الاقتصادية في المنطقة، وآخر التطورات على مستوى الغرفتين. كما التقى الخوجه عددا من أعضاء مجلس إدارة غرفة الأردن.

الغرفة تسعى إلى تعزيز العلاقات العلمية والتكنولوجية بين النمسا والعراق

في إطار مساعي غرفة التجارة العربية النمساوية لتعزيز العلاقات الاقتصادية والتجارية بين كل من النمسا والعراق، توجه وفد من الغرفة يترأسه البروفيسور راينهارت جاوسترر، نائب رئيس الغرفة، مدير المطبعة الوطنية النمساوية، يرافقه الأمين العام للغرفة المهندس مضر الخوجه، يوم الأحد 23 يونيو 2012 بزيارة إلى العراق استغرقت ثلاثة أيام، بهدف التباحث مع المسؤولين العراقيين حول إمكانيات تعزيز العلاقات بين النمسا والعراق في مجال الطباعة الآمنة والحكومة الإلكترونية، وهما المجالان اللذان تتفوق فيهما النمسا على مستوى الدول الأوروبية.
وخلال الزيارة حل أعضاء الوفد ضيوفا على وزير العلوم والتكنولوجيا العراقي الدكتور عبد الكريم السامرائي؛ حيث استعرض الجانبان سبل دعم وتوطيد العلاقات بين البلدين وأوجه التعاون المستقبلي. وقد تم في هذا الإطار الاتفاق على تنسيق زيارات متبادلة بين الجانبين، تبدأ بزيارة تشارك فيها شخصيات نمساوية بارزة تقترحها الغرفة إلى العراق في شهر سبتمبر المقبل، من أجل العمل على تعميق العلاقات والتعاون في مجال الحكومة الإلكترونية. كما تم الاتفاق على دعوة البروفيسور هاينز براندل رئيس رابطة المهندسين والمعماريين النمساويين، لزيارة العراق، وهو من الخبراء المتميزين على المستوى الأوروبي في مجال معالجة تصدعات السدود والكباري، وذلك للاستفادة من خبراته في حل مشكلة سد الموصل.
كما قام وفد الغرفة خلال الزيارة بالتقاء المسؤولين في الشركة العامة لنظم المعلومات في العاصمة العراقية بغداد؛ حيث تم التباحث حول سبل التعاون في مختلف المجالات التقنية داخل العراق.
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