The opening of Lithuania’s embassy in the UAE next year and the launch of direct flights between the two countries are key factors which would strengthen bilateral relations in the near future, Lithuanian Prime Minister H.E. Saulius Skvernelis said during a recent meeting in Vilnius which was attended by a UAE business delegation led by Dubai Chamber of Commerce and Industry.

During the meeting, H.E. Skvernelis spoke about Lithuania’s plans to expand infrastructure at its airports and ports, and noted that Lithuania is ripe with investment opportunities, especially within the country’s logistics and renewable energy sectors.

As an attractive destination for ease-of-doing business, Lithuania offers customised and flexible solutions for UAE businesses and investors, H.E. Skvernelis pointed out, adding that the country is witnessing stable economic growth.

In addition, H.E. Skvernelis revealed that he will lead a Lithuanian delegation to the UAE in the near future in an effort to further expand economic cooperation, adding that Lithuania’s participation in Expo 2020 would help showcase the country’s potential.

The delegation visit to Vilnius was organised by Dubai Chamber as part of its roadshow to the Baltic States which also covered Estonia and Latvia. The delegation was led by H.E. Majid Saif Al Ghurair, Chairman of Dubai Chamber, and joined by H.E. Hamad Buamim, President and CEO of Dubai Chamber; H.E. Hisham Abdullah Al Shirawi, CEO of Oasis Enterprises, and several businessmen representing leading companies in the UAE.

A memorandum of understanding (MoU) was signed between Dubai Chamber and the Lithuania Confederation of Industrialists which aims to facilitate the sharing of knowledge and expertise between the two organisations.