ID :
106850
Tue, 02/16/2010 - 14:35
Auther :

US Deputy Treasury Secretary discusses sustainable growth with leading Abu Dhabi organisations

Abu Dhabi, Feb 16, 2010 (WAM)- Deputy Treasury Secretary Neal Wolin, who is currently visiting the UAE, stressed the importance of sustainable economic growth and partnership between the UAE and U.S.
The U.S. official met yesterday with the UAE Central Bank Governor Sultan bin Nasser Al Suwaidi and representatives from leading Abu Dhabi organisations spearheading initiatives that encourage and support the UAE citizens to pursue meaningful private sector employment opportunities.
The meetings come within the framework of developing the Small and Medium Enterprise (SME) sector as a strategy to drive economic prosperity.
The open dialogue with young Emirati men and women focused on empowering them to pursue meaningful private sector employment opportunities that deliver long term contributions to the economic growth and enterprise base of the country. The meeting gave Deputy Secretary Wolin the opportunity to learn how the government is working to create greater understanding, cooperation and engagement between the public and private sectors of the emirate of Abu Dhabi to deliver a long term and valuable contribution to the economic growth and enterprise base of the country.
Among the representatives at yesterday's dialogue were HE Waleed Al Mokarrab, Director General, Abu Dhabi Council for Economic Development; Abdullah Al Darmaki, General Manager, Abu Dhabi Tawteen Council; Khuloud Al Nuwais, Director of Projects, the Emirates Foundation; Ibrahim Ahmed Al Mansoori, Deputy CEO, the Khalifa Fund for Enterprise Development.
"Abu Dhabi is showing impressive leadership in preparing its society to compete in the international workforce," said Deputy Secretary Wolin. "Abu Dhabi's private sector development goals are ambitious, but achievable through initiatives driven by organisations such as the Abu Dhabi Tawteen Council, the Emirates Foundation and the Khalifa Fund for Enterprise Development." Secretary Wolin met several programme partners and beneficiaries, who spoke of their experience as private sector business employees and operators in the UAE.
"A productive private sector workforce is one of the essential pillars of the Emirate's vision to create a sustainable and diversified economy that encourages enterprise and entrepreneurship," HE Waleed Al Mokarrab Director General, Abu Dhabi Council for Economic Development.
"We work in tandem with organisations such as the Abu Dhabi Tawteen Council and the Khalifa Fund to help lay the foundation for long-term economic growth by raising awareness about private sector opportunities and empowering Emiratis with the skills required for this sector," said HE Khuloud Al Nuwais, Director of Projects, Emirates Foundation. In addition "We work collectively and collaboratively with the government, academia and the private sector to prepare our local workforce to meet the requirements of a developing diversified economy." The U.S. official expressed concerns about Iran nuclear issue amid lack of progress over the issue, but noted that "we have to engage Iran in constructive way. We tell Iran that any nuclear proliferation is unacceptable".
About the U.S. economy, he said "it is showing signs of recovery, but there are still challenges in regard to jobs" adding that "we have to work together to achieve sustainable global economy growth".
Deputy Treasury Secretary Wolin's visit to Abu Dhabi is part of an eight day trip, which also includes visits to Afghanistan, Pakistan, Saudi Arabia and Kuwait. Throughout his trip, the Deputy Secretary is meeting with senior government officials, regulators, and members of the private sector to discuss a range of issues including stabilising and growing regional economies, the development of clean energy jobs and sustainable energy resources, and improving the security of the financial system.

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