UAE investors will have an exclusive opportunity to learn more about international investments options in Europe when the Grand Duchy of Luxembourg, the world’s second largest mutual fund operator and one of the worlds’s leading financial centers, organizes a seminar in Abu Dhabi on November 19th.
The seminar, hosted at Emirates Palace will match with the visit of His Royal Highness the Grand Duke of Luxembourg to Abu Dhabi where a large delegation of businessmen will be present in the UAE capital to foster economic relations between the United Arab Emirates and the Grand European Duchy, which is a founding member of the European Union.
“We are the second largest in the world, after the United states, in the mutual fund industry, with currently over 1.4 trillion US Dollars under management. As a leading global Financial Centre, the Duchy has 160 international banks established in it and over 800 different investment funds registered,” explained His Excellency Mr. Luc Frieden, Luxembourg Minister of the Treasury who pointed out that 1 trillion US Dollars of assets are managed through Luxembourg investment funds.
He added that the seminar’s main aim is to introduce UAE investors to the “world” of financial opportunities that are available in the tiny European Duchy, which is located in the heart of Europe between Belgium, France and Germany. The seminar is open for investment and financial specialists and local institutions looking to seek opportunities in Luxembourg. Further information for registration can be received at + 971 4 3384010.
“We might be a small Duchy but we are proud of our numerous achievements,” said His Excellency Mr. Frieden who noted that Luxembourg exports the majority of more than 80% of its produced goods to its European neighbors, and is home to the world’s second largest satellite operator as well as, the world’s second largest steel producer.
The Abu Dhabi seminar is being organized under the patronage of His Excellency Mr. Luc Frieden, Luxembourg Minister of the Treasury and His Excellency Mr. Jeannot Krecke, Minister of Economy & Foreign Trade of the Grand Duchy of Luxembourg. Leading financial and investment experts representing first-class institutions and the crème de la crème of the finance industry will be participating in the seminar.
Additional information on Luxembourg:
Located in the green heart of Europe between Belgium, France and Germany and being a founding member of the European Union, Luxembourg is an ideal gateway to the 250 million consumers within the Single Market Area.
Luxembourg offers investors a whole range of instruments to facilitate their establishment in the Grand Duchy and the chance to expand further within the European market.
The whole of the service sector has managed to match the sustained growth of the financial centres in recent years. IT and Telecommunications have been identified as two of the main areas of focus for the future development of Luxembourg economy.
Because of its proximity to the main industrial and commercial centres, the logistical platform can be the ideal place to enter the European single market area. Because of its excellent transport network, by air, rail or road, the country offers an easy and fast access to 375 million consumers within the EU.
ABBL
The ABBL is the professional organization of most of the banks established in Luxembourg and also of other financial operators. Its purpose is to defend and foster the professional interests of its members.
ALFI
Representative body of the Luxembourg investment fund community. It encourages the development of the investment fund industry and to promote the Luxembourg financial centre.
