Monday 23 September 2019
 
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Dubai FDI holds strategic meetings in US

DUBAI, 11 days ago

Dubai FDI, the investment development agency of the Department of Economic Development (DED) in Dubai, held an interactive seminar along with several strategic meetings with senior executives in Houston, Texas, US.

The seminar in Houston saw the participation of leading entities from Dubai such as Dubai Exports, DP World/ Jafza, DMCC, US-UAE Business Council, Jumeirah Group, Emirates Group, the US Consulate General in Dubai, the UAE Embassy Washington, and the UAE Consulate General in US.

The investment mission to Houston is part of the global promotional investment programme, which aims to exchange and explore potential investment partnerships within key sectors such as innovation in space and economic growth, and the promotion of Dubai as a preferred global investment destination known for its ease of doing business and investment-friendly policies in line with the emirate’s consistent strategy to diversify the economy.

The mission to the US, which lasts until September 14, strives to enhance the relationships with one of the world's leading economic powers and highlighting Dubai's investment opportunities as a preferred global destination for foreign direct investment and doing business.

Fahad Al Gergawi, CEO of Dubai FDI, said: “The mission is an important step for Dubai to explore new fields of partnership with Houston, where the seminar witnessed massive participation from our strategic partners at Dubai’s advantages seminar, where we highlighted the emirate's competitive advantages and encouraging potential as a preferred investment destination for US companies seeking to expand in the UAE and the region.”

“I highly appreciate the continued support and work of the delegation participating in the programme of international promotional missions of the Dubai Government to promote the Emirate's leadership as a highly preferred investment destination for international investors. We look forward to sustainable partnerships with our partners in Houston and the US,” he said.

The seminar was held at Seyfrath Shaw and discussed Dubai’s key pillars of innovation with investors, including one-on-one breakout meetings to highlight business opportunities in sectors such as aerospace, agriculture and food security, automotive, building products and construction services, education, healthcare and life sciences, hospitality, information technology and smart services and technology and logistics.

The seminar was followed by a meeting at the Mayor’s office in Houston where the team considered areas of common interest that could deliver benefits for both parties.

The delegation also met with Houston Spaceport, a commercial aerospace company and is one of Nasa’s flagship entities designed to support innovation across a highly diversified range of industry clusters. It provides key prospects for collaboration for various entities in Dubai and the UAE following the nation’s strong interest to advance its aerospace sector.

The UAE is rapidly rising in space exploration with an astronaut heading to the International Space Station later this September, and its plan to launch an unmanned spacecraft to Mars by 2021.

Dubai FDI has visited a total of 18 US cities during the last five years to promote Dubai’s unique capabilities as an investment destination, it stated. – TradeArabia News Service




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