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Sheikh Mohammed at the Souq centre. Image courtesy: Wam

UAE 'a destination of choice for international firms'

DUBAI, January 29, 2019

The UAE’s ability to offer a conducive environment for investments from across the world, combined with its strategic geographic location and easy access to emerging markets, has cemented its position as a destination of choice for international companies seeking to tap the region, said 
HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.
 
Sheikh Mohammed said Dubai’s collaboration with foreign investors is a continuous process. Dubai is committed to open market policies, and to offer all facilities required to support investments and encourage companies, regardless of their size, a Wam news agency report said. 
 
He said Dubai also seeks to promote healthy competition between local and foreign companies. "We are keen to meet business owners and investors to obtain their inputs and feedback, which will allow us to further enhance our collaboration with them," he said.
 
He commended the achievements made in attracting international firms and investments to Dubai, adding that investor confidence in the UAE economy is high. This supports efforts to diversify the economy and cement Dubai’s position as a bridge that connects global markets.
 
Sheikh Mohammed also expressed his appreciation for homegrown companies that have achieved global success. "The global accomplishments of local companies are testimony to the strong partnership between Dubai and the investment community. We are happy to see local companies becoming international success stories. Their success is our success. We spare no effort in creating a conducive environment for businesses to thrive," His Highness said.
 
Sheikh Mohammed’s comments came as he visited the latest Fulfilment Centre in Dubai opened by Souq, an Amazon company. 
 
During the visit, he was given a tour of the centre where he was shown how customer orders are fulfilled. A special demonstration of the latest Amazon Kindle device with Arabic functionality was also made.
 
Sheikh Mohammed was accompanied by Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Civil Aviation Authority and chairman and chief executive of Emirates Airline and Group; Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation; and Sheikh Mansour bin Mohammed bin Rashid Al Maktoum.
 
The new 40,000-sq-m Fulfilment Centre, the first to be launched since Amazon’s acquisition of Souq, began its operations in September 2018 in Dubai South to help serve growing customer demand in the UAE. It is the latest example of the company’s continued investment in the UAE and its mission to be the world’s most customer-centric company, where customers can find and discover anything they might want to buy online and have it delivered quickly and conveniently.
 
Sheikh Mohammed stressed the importance of enhancing Dubai’s status as a business-friendly global hub and creating new economic opportunities. 



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