Wednesday 16 October 2019

Dubai FDI hosts talks on investment

DUBAI, June 19, 2019

UAE government officials, key global investors and other private sector entities recently discussed the latest achievements and regulations within Dubai’s investment community at an event recently held in Dubai, UAE.

In line with Dubai’s economic vision to further enhance the emirate’s investment environment and increase collaboration opportunities between the public and private sector, the Dubai Investment Development Agency (Dubai FDI), the investment development agency of the Department of Economic Development (DED) in Dubai, hosted the latest edition of ‘Public – Private Connect’ at The Address Boulevard hotel.

The exclusive gathering provided a platform for discussion on the latest achievements and regulations within Dubai’s investment community, formed to provide a transparent and seamless journey experience for investors, said a statement.

The ‘Public-Private Connect’ has been facilitating connections between the government and the wider industry stakeholders, including pre-arranged meetings with key representatives from the government such as the Ministry of Economy, Emirates Authority for Standardization and Metrology (ESMA), the Business Registration & Licensing (BRL) of DED, the General Directorate of Residency and Foreigners Affairs Dubai (DNRD) and Dubai Municipality (DM).

The event paved the way for strengthening existing networks between investors and government entities, and the chance to exchange ideas and insights among industry experts.

Fahad Al Gergawi, CEO, Dubai FDI, said: “The Dubai FDI through its Investment Facilitation Program continues to proactively explore ways to enhance the communication between the public and private sector.”

“The ‘Public-Private Connect’ has always effectively worked as a platform in improving the ease of doing business in the emirate, which further highlights Dubai’s readiness as an investment destination of choice. The strong number of attendees from leading foreign multinational companies in Dubai is testament to the continued interest in Dubai’s ability to facilitate a smooth investment journey for investors which is reflected in the emirate’s leading position as the preferred FDI destination in the Middle East and North African (Mena) region,” Al Gergawi added.

Dubai FDI extends its investment outreach to investors through the ‘Aftercare’ initiative, providing them with tailored solutions to enhance investment processes, an open communication channel between public and private entities, and a platform to raise policy recommendations that would address investment barriers.

Through the event, Dubai FDI has successfully addressed the need of investors, posting a total of 78 different requests for support from 26 companies from leading countries such as Brazil, Canada, Switzerland, France, Germany, India, Italy, Japan, and the US.

In terms of sectoral support, Dubai’s investment development agency has connected with a big number of management executives across 17 sectors including tourism and hospitality, logistics, professional services, logistics, insurance and financial services, hospitality, healthcare equipment, FMCG, food and beverage, energy, education, cosmetics, chemicals, biotechnology and medical research, automotive, aerospace and aviation technical services, it stated. – TradeArabia News Service


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