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Emirates News Agency – Thani Al Zeyoudi to WAM: President’s visit to France opens new horizons for economic and trade cooperation

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Emirati companies investing in France have achieved great success stories.

-French investments promote efforts to move towards a new economic model.

From Ahmad Al Nuaimi.

ABU DHABI, July 19, WAM/ His Excellency Dr. Thani bin Ahmad Al Zayoti, Minister of Foreign Affairs, confirmed the visit of the Head of State, Sheikh Mohammed bin Zayed Al Nahyan, “may God protect him”. , represents a historic milestone in the course of relations between the two countries and has a great positive impact on the friendly French Republic. It transforms the partnership between the two countries to an unprecedented strategic level and gives a new and unique impetus to development. To strengthen the momentum of cooperative relations in all fields of common interest to ensure the achievement of the interests of both friendly countries.

In an interview with Emirates news agency WAM, he said the visit of the head of state would open new horizons for economic and trade cooperation between the two countries and lead to the development of mutual investments in key sectors. Cooperation between them, i.e. trade, investment, oil and gas, carbon-neutral hydrogen, nuclear and renewable energy and climate change, artificial intelligence, food security, fintech, intellectual property rights, space, cybersecurity and other common sectors of interest in solutions.

Al Zayoti said that bilateral trade levels will continue to develop and prosper in the next phase in light of enhancing opportunities and maximizing benefits for economic cooperation through various elements and opportunities in various trade sectors in both countries. reached about 25 billion dirhams in 2021, a growth of 25.9% compared to 2020, during which trade turnover recorded 19.8 billion dirhams.

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Emirati companies investing in France have achieved great success stories in the past years, thanks to the directives of the two countries, which emphasize the promotion and diversification of mutual investments between them and the provision of all opportunities and possibilities. Stimulating the investment and business environment, this has contributed to the expansion of the base of Emirati companies in the French market, in particular Ports Dubai World, First Abu Dhabi Bank, Abu Dhabi Investment Authority, Etihad Airways, Emirates Airlines, Dubai Islamic Bank and Mubadala Development. More than 600 French companies operate in the UAE market.

Regarding the most important sectors within the economic cooperation between the two countries, Al Siodi said mutual investments between the UAE and France, French investments in the UAE are based on key sectors of common interest for both countries to serve their mutual interests. Covering sectors such as telecommunications, technology, energy, gas, education, manufacturing, mining, retail, auto repair, education and transport, most French investments comply with government directives to invest in new economic sectors. Efforts to move towards a new economic model.

His Excellency continued, “On the other hand, Emirati investments in France cover various sectors, particularly in civil and military sectors such as aviation industry, real estate, tourism, fish and seafood trade, tiles and ceramics industry. In relation to protection and promotion of UAE investment and avoidance of double taxation and services. Signed three investment treaties with France.

Also on the future prospects of economic cooperation between the two countries during the next phase.

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Al-Siodi said that with the support and attention of the leaders of both countries in the next phase, the economic cooperation between the two countries will definitely see qualitative improvements and will directly contribute to improving the level of trade relations. New joint economic agreements and initiatives concluded in Europe markets.

At the same time, the business sector in the friendly French Republic will greatly benefit from the economic position of the UAE and its strategic location in the region, as its trade will reach countries in Asia and Africa, opening new horizons for cooperation between businesses. Sectors of the two countries create vast opportunities for investment and trade between the UAE and France.

He said that all the working groups in the country will work according to the blueprint drawn by His Excellency the President’s visit to France and translate that strategic cooperation between the two countries into sustainable partnerships that contribute to progress. To address the long-term growth and challenges of the two friendly countries, improve the resilience of their economies and create more employment opportunities, cooperation and partnerships at the level of the public and private sectors.

WAM/ Ahmad Al Nuaimi/ Emad Al Ali

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Emirates News Agency – Economy Minister: We are working on a strategy to transform the food and agriculture sector into a global force

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Emirates News Agency – Economy Minister: We are working on a strategy to transform the food and agriculture sector into a global force

DUBAI, September 22 / WAM / The Minister of Economy, His Highness Abdullah bin Duq Al Marri, confirmed the country’s commitment to develop the food and agriculture sector to generate $10 billion in GDP and 20,000 jobs. The next five years.

He laid out seven key pillars of strategic direction to achieve this.
Key strategies include localizing innovation, strengthening agriculture and food supply chains, and providing farmers with the support and resources they need to achieve global leadership in agricultural innovation and sustainability in the food sector.
Addressing the fifth edition of the Future of Food Industries Forum 2023, he lauded the initiatives of the food and beverage industry in the areas of knowledge, skill development and digital infrastructure. How food is produced, distributed and consumed regionally and globally.
He lauded the potential of the Emirates Food Platform, launched at the forum, to enable collaboration between the public and private sectors in the field of food safety and to enhance the food and beverage ecosystem through digital infrastructure to drive sector growth and attract investments and business opportunities.
According to a statement from the organizers of the forum, the two-day (September 20-21) events in Dubai highlight the growing role and future of the food industry in the economy of the UAE. This industry, and current efforts to advance economic growth and industrial development in the UAE, emphasized that this is a promising and important matter for the future, as the UAE is today considered one of the most important centers for global food logistics services. , and it is the most accessible port for shipping containers between source and destination facilitating the food supply and consumption process.
The food sector is considered an important aspect of comprehensive trade, as trade in food products in the UAE is expected to reach 130 billion dirhams in 2022 compared to 105 billion dirhams in 2021, registering a year-on-year growth of 24% and food trade at 5.7%. Trade is non-oil.
His Highness Abdullah Bin Duq Al Marri said: “With a growing population and a priority for food security, the UAE is doing well in this regard as it ranks first in the Global Food Security Index for 2022. Other peers in the Middle East and North Africa region, but this volatile The challenges facing food in the times are real and present, and fortunately, the resilience and adaptability of our food industry helps us meet this challenge, while emphasizing sustainable practices that have maintained food safety in our country for centuries.”
He added: “I stand before you today to share with you our vision to take our beloved country to new heights and ensure food security in the future. Today, we are working on a strategy to transform the food and agriculture sector into a global force, sustainable innovation, self-sufficiency and Based on fundamental pillars that reflect our commitment to food production.
In his address, he pointed out that the first pillar is to localize the next generation of agricultural enterprises, develop local talent, identify and support next-generation solutions, and develop them into global leaders in promoting innovation. Second, making the UAE a global regulatory power ensures that our products maintain high standards and gain international recognition. Third, strengthening the UAE leadership’s commitment to strengthen the entire food value chain by prioritizing local production and reducing dependence on imports. Fourth, ensuring adequate funding for workers in the food and beverage sector.
He said: “Access to finance is key to the growth and development of industries, and our strategy focuses on securing funding and support, and this leads us to our fifth pillar of driving innovation through world-class research and development. It is the cornerstone of progress. We will provide global research and development packages. “The state of promoting change.
Also, the sixth pillar helps diversify the workforce and access new markets by creating pathways for all agricultural workers. Finally; The strategy aims to create the next generation of farmers who will be the future of agriculture and agricultural technology. Al Marri expressed his commitment to equipping farmers with the knowledge, technology and resources they need through training programmes, modernization initiatives and support systems to ensure the agricultural workforce is ready to face the challenges and opportunities ahead.
For his part, Saleh Lootah, Chairman of the UAE Food and Beverage Producers and Manufacturers Group, affiliated with the Dubai Chamber of Commerce, said: “The remarkable success of the 5th Future Food Industry Forum is due to the joint participation of all stakeholders in the food ecosystem, whose active engagement has been enhanced by the gradual shift to digital platforms, It has significantly improved engagement, communication and collaboration.
The forum was organized by the UAE Food and Beverage Business Council under the auspices of the UAE Ministry of Economy and the Dubai Chamber of Commerce, with the support of the Department of Economy and Tourism and the Food Department in Dubai. Technology Valley, Dubai includes the “Free from Food” exhibition.

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Muhammad Nabil Abu Taha/George Ibrahim/Zakaria Mohideen

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Saud bin Saqr: Promoting economic growth is an essential pillar of sustainable development

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Saud bin Saqr: Promoting economic growth is an essential pillar of sustainable development

His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council of Ras Al Khaimah and Ruler of Ras Al Khaimah, emphasized the importance of stimulating the investment environment in the Emirate of Ras Al Khaimah, one of the main pillars of economic development. The Emirate’s future strategy is to continue its sustainable growth path and cement its position as a leading regional and global destination for tourism investments and real estate, in an effort to ensure a bright future for future generations.

Supporting national enterprises, improving their competitiveness and sustainability and raising their contribution to the emirate’s domestic product is a key priority in Ras Al Khaimah’s plans to build a sustainable economy. , and is an important tributary for diversifying the local economy.

This happened yesterday evening when His Highness attended the launch of the new strategy and brand of Ras Al Khaimah Properties, Ras Al Khaimah’s leading real estate developer listed on the Abu Dhabi Securities Market. Khaimah Mina Al Arab Hotel.

The launch of the new strategy and brand marks the beginning of a new phase for the company to continue its successful investment journey and improve its competitive position in the real estate market in the UAE, reflected by its pioneering community real estate projects. Including the hospitality sector, the Emirate of Ras Al Khaimah’s ambitious vision is to be one of the best. Tourism, investment and modern lifestyle destinations in the region.

Vision His Highness explained that Ras Al Khaimah operates in accordance with an ambitious strategic vision and thoughtful future plans to provide an enabling, incubating and encouraging environment for the growth and sustainability of national and international companies based in the Emirate, with an integrated economic and legislative framework. Establishing a structure and infrastructure to support the success and development of large real estate investment projects. A state-of-the-art project to encourage investment in various promising economic sectors in Ras Al Khaimah, and to support the development plans of the UAE.
On the other hand, yesterday, he was received by the Ambassador of the Republic of Greece, Antonis Alexandrides, at his Highness Palace in Sakr bin Mohammed Nagar.

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The Ruler of Ras Al Khaimah received the Ambassador and discussed with him several topics of common interest and ways to strengthen relations with the Republic of Greece in various fields.

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Saud Bin Saqr saw the launch of a new brand called “Ras Al Khaimah Properties”.

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Saud Bin Saqr saw the launch of a new brand called “Ras Al Khaimah Properties”.

Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, stressed the importance of stimulating the investment climate in the emirate to support economic development initiatives, one of the key pillars of the emirate’s future strategy. , to continue its steady growth path and cement its position as a leading regional and global destination for investments in tourism and real estate, in an effort to ensure a bright future for future generations.

Supporting national enterprises, improving their competitiveness and sustainability and raising their contribution to the Emirate’s GDP is an important priority in Ras Al Khaimah’s plans to build a sustainable economy, as it is an essential partner in the process of economic development. , and is an important tributary for diversifying the local economy.

This happened while attending the launch of the new strategy and brand of Ras Al Khaimah Properties, the Emirate’s leading real estate developer, listed on the Abu Dhabi Stock Exchange, at an event held at the InterContinental Ras Al Khaimah last Thursday evening. Khaimah Mina Al Arab Hotel.

The launch of the new strategy and brand marks the beginning of a new phase for the company to continue its successful investment journey and improve its competitive position in the UAE real estate market. The sector is in line with Ras Al Khaimah’s ambitious vision to be one of the best tourism and investment destinations and lifestyles, modern living in the region.

Ras Al Khaimah operates according to an ambitious strategic vision and thoughtful future plans to provide an incubating and encouraging environment for the growth and sustainability of national and international companies based in the emirate, said the Ruler of Ras Al Khaimah. An integrated economic and legislative body that supports the success and development of major real estate investment projects. Establishing an advanced infrastructure that will encourage investment in various promising economic sectors in Ras Al Khaimah to support the development plans of the UAE.

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He praised the role of Ras Al Khaimah Real Estate Company and its effective contribution in promoting the development of the real estate and investment sector in the emirate. Development in Ras Al Khaimah and the Emirates.

He pointed out that by supporting national enterprises, Ras Al Khaimah aims to improve their flexibility and ability to face various economic challenges, improve the quality of life of all the people of the emirate and its residents, and create a better one. A future for future generations. (wham)

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