Abu Dhabi – MENA Herald: The UAE will be participating in the 2016 Global Investors Summit to be held from October 22 to 23 in India. The delegation will be headed by H.E. Abdullah Bin Ahmed Al Saleh, Undersecretary for Foreign Trade and Industry at the UAE Ministry of Economy. Other members include Mohammed Naser Hamdan Alzaabi, Director of the Ministry’s Trade Promotion and Investment Department; Mana Mohammed Saeed Al Mulla, CEO of Kizad, Ms Aydah Khouri, Director of International Economic Promotion, Abu Dhabi Department of Economic Development, Sharief Habib Al Awadhi, Director General of the Fujairah Free Zone Authority; Jamal Saif Al Jarwan, Secretary General of the UAE International Investors Council; Fatema Hadroom, Board Member of the RAK Chamber; and Muneera Al Marzooqi, Commercial Director for National Feed and Flour Production and Marketing and others.
H.E. Abdullah Al Saleh said that participation in the upcoming summit is of great economic importance to the UAE as India is the country’s largest trading partner. Total non-oil bilateral foreign trade amounted to USD 34 billion in 2015, inclusive of free zone trade.
The Undersecretary added that India was the top importer, the third largest exporter and the second largest re-exporter for the UAE. The Emirates, on the other hand, leads Arab countries investing in India. He explained that the visit is a major opportunity to reinforce bilateral ties and broaden cooperation among the countries’ public and private sectors.
H.E. Al Saleh also noted that inclusion in the summit falls within the framework of the Ministry’s efforts to uplift economic and trade cooperation with various countries around the world to serve the interests of UAE businesses and enhance their export capacity levels. He also referred to the event’s importance in supporting the UAE’s position as a regional and global hub for imports, exports and re-exports.
He further emphasized the summit’s prominence as a global platform for attracting major investors, companies and economic experts from various countries. This, he explained, opens the door to building fruitful working partnerships among investors in the UAE and their counterparts from the various participating countries.
For his part, Alzaabi underscored that the visit of the UAE delegation will include a number of important stages, where H.E. Al Saleh will participate in the opening session as a keynote speaker and hold meetings aimed at strengthening economic cooperation with India at the government and private sector levels as well as discussing incentives and opportunities offered by the UAE’s trade and investment environment.
Alzaabi further explained that the UAE delegation will focus on exploring opportunities for trade and mutual investment in a number of sectors, most notably manufacturing and especially the fields of food, pharmaceuticals, engineering, textiles, renewable energy, tourism, information technology, small and medium-sized enterprises, and innovation.