Dubai has moved to further
strengthen the emirate’s business and investment ties with Egypt,
following meetings with a high-level Egyptian delegation.
strengthen the emirate’s business and investment ties with Egypt,
following meetings with a high-level Egyptian delegation.
During
the discussions held in Dubai, Dubai FDI and Egyptian delegates from
the General Authority for Investment and Free Zones appraised the many
foreign investments coming into the city as a result of the government’s
intensive efforts to create a business-friendly environment.
the discussions held in Dubai, Dubai FDI and Egyptian delegates from
the General Authority for Investment and Free Zones appraised the many
foreign investments coming into the city as a result of the government’s
intensive efforts to create a business-friendly environment.
Dubai
FDI (the investment agency of the Dubai Economic Development
Department) also took the opportunity to explain its mandate and role in
creating a business-appropriate landscape to attract international
companies and help stimulate capital growth.
FDI (the investment agency of the Dubai Economic Development
Department) also took the opportunity to explain its mandate and role in
creating a business-appropriate landscape to attract international
companies and help stimulate capital growth.
Khalid
Al-Boom, Deputy CEO of Dubai FDI, who welcomed the Egyptian officials,
said that Dubai and Egypt’s joint efforts and deepening relations
constitute a significant boost to the government’s initiative to make
Dubai one of the most sustainable and competitive business hubs in the
world. Al-Boom also said that the visit would further reinforce
government-to-government ties and promote sharing of knowledge of
expertise.
Al-Boom, Deputy CEO of Dubai FDI, who welcomed the Egyptian officials,
said that Dubai and Egypt’s joint efforts and deepening relations
constitute a significant boost to the government’s initiative to make
Dubai one of the most sustainable and competitive business hubs in the
world. Al-Boom also said that the visit would further reinforce
government-to-government ties and promote sharing of knowledge of
expertise.
He noted that the current favorable
business environment would further push a new phase of economic and
investment cooperation between the two countries to help realize their
growth and development goals.
business environment would further push a new phase of economic and
investment cooperation between the two countries to help realize their
growth and development goals.
“We
at Dubai FDI are fully committed to continue on the path toward success
and optimize Dubai’s transformation and potential to make the emirate’s
one of the most stable economies in the Middle East and the world,” he
concluded. The Egyptian delegates were introduced to local business,
government, and legislative processes and procedures. Dubai FDI
officials also discussed promising business opportunities and key
services that benefit foreign companies operating in the emirate.
at Dubai FDI are fully committed to continue on the path toward success
and optimize Dubai’s transformation and potential to make the emirate’s
one of the most stable economies in the Middle East and the world,” he
concluded. The Egyptian delegates were introduced to local business,
government, and legislative processes and procedures. Dubai FDI
officials also discussed promising business opportunities and key
services that benefit foreign companies operating in the emirate.
The
Dubai Government has rolled out a comprehensive program to help foreign
companies interested in starting their business in the city. The
visiting delegation toured the Dubai Multi Commodities Center and the
Dubai Silicon Oasis Authority, during which they were informed about the
institutions’ best practices, development strategies, main service
offerings, and major investment opportunities.
Dubai Government has rolled out a comprehensive program to help foreign
companies interested in starting their business in the city. The
visiting delegation toured the Dubai Multi Commodities Center and the
Dubai Silicon Oasis Authority, during which they were informed about the
institutions’ best practices, development strategies, main service
offerings, and major investment opportunities.
Dubai’s
global reputation as a wealth generator and investment stronghold
continues to drive the city’s growth and was a matter of interest to the
visiting Egyptian delegates. They were informed that though Dubai moved
away from traditional trading and looked to its natural resources for
sustenance in the latter half of the 20th century, revenue from oil was
soon complemented and later almost replaced with a knowledge-based and
services driven economy.
global reputation as a wealth generator and investment stronghold
continues to drive the city’s growth and was a matter of interest to the
visiting Egyptian delegates. They were informed that though Dubai moved
away from traditional trading and looked to its natural resources for
sustenance in the latter half of the 20th century, revenue from oil was
soon complemented and later almost replaced with a knowledge-based and
services driven economy.
The innovative businesses
which establish themselves in Dubai are supported by the Emirate’s
ambition to drive technology, pioneer new innovation and foster thought
leadership.
which establish themselves in Dubai are supported by the Emirate’s
ambition to drive technology, pioneer new innovation and foster thought
leadership.
Trade, logistics, financial services,
hospitality and tourism, real estate, construction and manufacturing now
make up more than 90 percent of business activity in the Emirate.
hospitality and tourism, real estate, construction and manufacturing now
make up more than 90 percent of business activity in the Emirate.
This
diversification, along with Dubai’s strategic location, infrastructure
and ease of business philosophy, make it a popular choice for local and
international organizations to begin operations and expand into the
Middle East.
diversification, along with Dubai’s strategic location, infrastructure
and ease of business philosophy, make it a popular choice for local and
international organizations to begin operations and expand into the
Middle East.
