Search DubaiPRNetwork.com

Home >> Government, Legal & Humanity

UAE Ministry of Economy organizes a high-level delegation to visit Malaysia and Singapore

Monday, January 29, 2018/ Editor -  

Share

Home >> Government, Legal & Humanity

The UAE Ministry of Economy (MOE) has announced that it is organizing a high-level delegation from the UAE to visit Malaysia and Singapore to be led by H.E. Eng. Sultan Al Mansoori, UAE Minister of Economy from February 5 to 8, 2018.

The visit’s agenda includes the participation in the UAE-Malaysian Business Forum in Kuala Lumpur, which will be held on February 5 and 6 in cooperation with the Malaysian Ministry of International Trade and Industry and the UAE Embassy in Malaysia. The delegation will also participate in the UAE-Singapore Business Forum which will be held in Singapore on February 8 in cooperation with the Singaporean Ministry of Trade and Industry, the Singapore Business Federation (SBF) and the UAE Embassy in Singapore.

The UAE’s delegation comprises representatives from around 60 federal and local government and private entities. The two meetings are expected to present new investment opportunities for UAE companies in both countries in several economic sectors such as innovation, modern technology, Islamic banking, clean and renewable energy, real estate development, infrastructure and ports management, manufacturing, Halal trade, free zones and small and medium-sized enterprises (SMEs) following a number of meetings, workshops and a series of bilateral meetings for businessmen from all concerned parties, which will be organized on the sidelines of the business forums.

H.E. Abdullah Bin Ahmed Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade Affairs, said that in light of the UAE’s growing commercial, economic and investment prominence worldwide, it has attracted the attention of emerging economies, especially among Asian countries, which are also experiencing rapid economic and development growth as they advance their strategies. This in return promotes a platform for meaningful partnerships between UAE investors and the economically advanced countries.

H.E. Al Saleh added that strengthening the partnership between the UAE and Malaysia and Singapore will help open new investment opportunities for UAE investors in many neighboring Asian countries, following the successes of the Malaysian and Singaporean economies and the growth of infrastructure and advanced logistics supplies in this region.

 The value of non-oil trade between the UAE and Malaysia amounted to AED 15.4 billion in 2016, according to statistics, surpassing the UAE imports from Malaysia which is worth AED 12.9 billion and the re-export trade from the UAE to Malaysia reported AED 1.8 billion for the same year.

The UAE-Malaysian non-oil trade indices averaged AED 18.3 billion, UAE imports from Singapore reached AED 7.7 billion, and re-exports amounted at AED 7.6 billion.


Previous in Government, Legal & Humanity

Next in Government, Legal & Humanity


Home >> Government, Legal & Humanity Section

Latest Press Release

Experts highlight the need for comprehensive stroke care

Happy Father's Day with Saint Honore Allure

Al Jalila Foundation and Sanofi Join Forces to Advance Scientific Research in th ...

MAC - Prep + Prime Fix +

Strong Global Interest in Tendering Process for Oil and Gas Concessions in Ras A ...

Panasonic Continues to Raise the Bar for Excellent Customer Service

Glambeaute.com's Special Ramadan Beauty Packs

HP Showcases Growth in High-Volume 3D Printing Deployments and Breakthrough Appl ...

Capillary Technologies Grows its Global Business by 200% YoY

OMEGA goes onshore in Newport to unveil the Volvo Ocean Race winner's watch

Abu Dhabi Sustainability Week to explore role of industry convergence in acceler ...

Regulatory Reform Key to Meeting Renewable Energy Targets in Panama

Do Explore More with Pandora

Dubai Festival City is the place to be this Ramadan

Spotlight on the Sacred Art of Inshad; Call for Public and Private Support to Si ...

Celebrate the Gift of Giving this Ramadan with BurJuman

Dynamic Colombian Rodriguez Storms Into Atco Psa Dubai World Series Finals as Li ...

Experts raise concerns on the rising incidence of Inflammatory Bowel Disease in ...

Sheikh Juma launches his Asian Games preparations with NAS Run

Create picture perfect moments with the glittering Ramadan themed d├ęcor at Majid ...