Dubai World Central woos US investors
Dubai, October 13, 2012
Dubai World Central (DWC), the world’s first purpose-built aerotropolis, has generated strong interest from hundreds of prospective investors following its successful 5-city roadshow in the US, said a top official.
DWC’s successful participation in the 'Dubai & the Northern Emirates USA Road Show' was aimed at strengthening business and investment ties between the UAE and US, and to specifically promote DWC’s hitech facilities, remarked Khalifa Al Zaffin, the executive chairman, Dubai Aviation City Corporation.
"The multi-modal infrastructure of DWC, which is the only one of its kind in the Middle East, is a major attraction for US companies that are seeking to do business in the Mena and South Asia region," said Zaffin.
"The DWC reinforces the reputation of the UAE as a strategic base with its integrated air, land and sea transportation facilities. Our participation in the road show was part of our continuing drive to promote DWC as a catalyst for long-term economic development and a gateway for international companies to penetrate Mena and South Asia markets," he added.
The roadshow, which gathered a mix of US and UAE government officials, UAE companies, and business organizations to the US, has been held at a time when UAE-US trade volume is seeing steady growth, with exports of US goods to the UAE increasing by 75 per cent in the first quarter of this year.
Mohsen Ahmed, the DWC’s director of Operational Development, and Mohammed Al Falasi, sales manager, joined the USA Road Show, which covered New York, Atlantic City, Minneapolis, Seattle and Dallas.
DWC conducted a series of presentations for the road show to comprehensively showcase the strategic importance of DWC as the Middle East’s first aerotropolis and to attract US businesses and companies to invest and set up operations.
Moreover, it also presented success stories of global companies that are now operating in DWC, such as Nestlé, Aramex, Ehrhardt + Partner Solutions, Küehne & Nagel, Schaefer Systems International (SSI), Panalpina and Hellmann Caliper.
The roadshow served as an ideal platform for US companies to gain an in-depth understanding about business opportunities in the UAE and the broader Mena and South Asia region by leveraging the UAE’s advanced transportation and shipping infrastructure.
The UAE delegation particularly highlighted the emerging business opportunities for American companies in the areas of power generation and transmission, ports, rail and airports, in light of the major future infrastructure needs of the region.
Rashed Bu Qara’a, the COO of Dubai Aviation City Corporation, said: "The roadshow presented the right platform to showcase the UAE’s advanced infrastructure, especially the country’s world-class airports, seaports and free trade zones."
Robert Bannerman, the principal commercial officer at the US Consulate General in Dubai said, "The UAE and the US have nurtured strong economic relations for many years, reflecting the UAE’s role as a regional leader with regard to introducing investor-friendly policies and openness to international trade."
"The UAE plays a strategic role as a gateway between East and West, and this positively affects business. The USA Road Show paves the way for even stronger business ties between the two countries, as bilateral trade continues its steady year-on-year growth," he added.-TradeArabia News Service