ID :
146942
Thu, 10/21/2010 - 16:21
Auther :
Shortlink :
https://oananews.org//node/146942
The shortlink copeid
Lubna Al Qasimi discusses cooperation with Japanese bank
Abu Dhabi, Oct 21, 2010 (WAM)- UAE Minister of Foreign Trade Sheikha Lubna Al Qasimi and Executive Director of The Japan Bank for International Co-operation (JBIC) Fumio Hoshi discussed yesterday, ways of strengthening relations between the two countries and increasing Japanese investments and funding operations for Emirati projects.
At a meeting held at the Ministry headquarters in Abu Dhabi, they also reviewed the investments opportunities existing in the UAE and explored the possibility of Japanese companies stepping up their investments, especially in the fields of renewable energy, manufacturing, and technology.
The minister stressed the keenness of UAE for developing cooperation with Japan in the avenues of economy, trade and investment. She alluded to economic growth of the UAE, which is strengthened by the colossal projects launched by the country in various fields, particularly in infrastructure. Sheikha Lubna also mentioned the developed and competitive investment environment of the national economy.
She explained the country's strategy for economic diversification and the government's plans to increase growth by launching several projects and vital programs, which will be consistent with the plans of the global firms for expansion and further development. She emphasised that the capabilities and the competitive features of UAE's national economy present a lot of opportunities to Japanese firms for bolstering their investments in the country's market.
She invited JBIC to benefit from the developed and unique economic growth in UAE by joining the projects, which are on the anvil such as renewable energy projects. This can be enhanced through setting up joint partnerships with UAE firms investing in foreign countries, she added.
She stressed the vitality of UAE's geographical location, in addition to various facilities and competitiveness provided by the country as an advanced commercial and financial centre on the regional and global levels. These features will benefit Japanese investors and JBIC to enhance their funding in the Gulf region and Africa.
The JBIC official assured the importance of UAE market to his bank as well as other Japanese financial institutions. He also gave a brief presentation on JBIC and its stakes in a number of vital projects in the UAE, especially in energy and infrastructure sectors, and asserted the keenness of his bank in bolstering financial and investment cooperation with all Emirati institutions.
The meeting was attended by Director General of UAE ministry of Foreign Trade Abdullah Bin Ahmed Al Saleh and JBIC officials including its representatives in Middle East and Europe.
Over 92 registered Japanese companies operate in UAE in different sectors in addition to hundreds of Japanese firms working in the Free Zones. There are well over 130 Japanese trading agencies across the UAE dealing in 3680 brands. – Emirates News Agency, WAM
At a meeting held at the Ministry headquarters in Abu Dhabi, they also reviewed the investments opportunities existing in the UAE and explored the possibility of Japanese companies stepping up their investments, especially in the fields of renewable energy, manufacturing, and technology.
The minister stressed the keenness of UAE for developing cooperation with Japan in the avenues of economy, trade and investment. She alluded to economic growth of the UAE, which is strengthened by the colossal projects launched by the country in various fields, particularly in infrastructure. Sheikha Lubna also mentioned the developed and competitive investment environment of the national economy.
She explained the country's strategy for economic diversification and the government's plans to increase growth by launching several projects and vital programs, which will be consistent with the plans of the global firms for expansion and further development. She emphasised that the capabilities and the competitive features of UAE's national economy present a lot of opportunities to Japanese firms for bolstering their investments in the country's market.
She invited JBIC to benefit from the developed and unique economic growth in UAE by joining the projects, which are on the anvil such as renewable energy projects. This can be enhanced through setting up joint partnerships with UAE firms investing in foreign countries, she added.
She stressed the vitality of UAE's geographical location, in addition to various facilities and competitiveness provided by the country as an advanced commercial and financial centre on the regional and global levels. These features will benefit Japanese investors and JBIC to enhance their funding in the Gulf region and Africa.
The JBIC official assured the importance of UAE market to his bank as well as other Japanese financial institutions. He also gave a brief presentation on JBIC and its stakes in a number of vital projects in the UAE, especially in energy and infrastructure sectors, and asserted the keenness of his bank in bolstering financial and investment cooperation with all Emirati institutions.
The meeting was attended by Director General of UAE ministry of Foreign Trade Abdullah Bin Ahmed Al Saleh and JBIC officials including its representatives in Middle East and Europe.
Over 92 registered Japanese companies operate in UAE in different sectors in addition to hundreds of Japanese firms working in the Free Zones. There are well over 130 Japanese trading agencies across the UAE dealing in 3680 brands. – Emirates News Agency, WAM
