GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Government, Legal and Humanity

 
  Share

H.E. Engr. Sultan bin Saeed Al Mansoori, UAE Minister of Economy, has commended the growing trade relations between the UAE and the Republic of Maldives. The total volume of non-oil foreign trade between the two countries has progressively increased over the past five years, increasing by 12 per cent from AED 422 million in 2015 to AED 475 million in 2016 (USD 129.2 million).

This came during H.E. Engr. Al Mansoori's reception of a Maldivian delegation headed by H.E. Mohammed Saeed, Minister of Economic Development of the Republic of Maldives, in the presence of H.E. Juma Mohammed Al Kait, Assistant Undersecretary for the UAE Ministry of Economy's Foreign Trade Affairs, and Hind Al Youha, Director of the Ministry's Investment Department.

The meeting discussed possibilities for cooperation between the two countries in several sectors of common interest that are in line with their economic agendas. The most prominent were trade exchange; enhancing cooperation in aviation and tourism; and strengthening investments in tourism facilities and infrastructure as well as real-estate, renewable energy, innovation, and small and medium enterprises (SMEs).

H.E. Engr. Al Mansoori pointed out the significance of reinforcing cooperation in foreign trade, mainly in export and re-export activities, noting the need for continuous coordination and cooperation among concerned government and private sector entities from both countries in the coming period. H.E. also emphasized the importance of the UAE- Maldives Business Forum which will be held on December 18, 2017 in the UAE, which he said will showcase the numerous trade and investment opportunities in the Republic of Maldives.  

The Minister further underscored how diversified investment cooperation between the UAE and the Maldives will open broad horizons for establishing development projects for the benefit of both sides especially in the sectors of tourism, hospitality, renewable energy, innovation, and SMEs which he said are considered important accelerators for economic growth. H.E. emphasized the UAE's keenness to support ongoing development efforts in the Maldives and its readiness to share its vast knowledge and experience in various areas of economic development.

Development opportunities

For his part, H.E. Saeed said that the Republic of Maldives seeks to strengthen economic cooperation with the UAE, its largest trading partner in the region. He pointed out that tourism in the Maldives is considered an attractive and competitive sector at both the regional and global levels. He said that the sector is constantly expanding and ripe for significant investment and development with the potential to significantly benefit the UAE's business and investment sectors which have leading experiences in this vital field.

H.E. added that the Maldives is focusing on enhancing the sectors of aviation, renewable energy, and real estate; developing new laws; and further developing free zones to encourage and attract more investments in various fields. He pointed out that these areas are also priorities under the UAE's development policies, providing a strong and fertile basis for strengthening partnership and cooperation between the two countries.



Posted by : GoDubai Editorial Team
Viewed 6673 times
Posted on : Wednesday, November 8, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ministry of Health & Prevention launches awareness campaign on seasonal flu
Next Story : Empower settles loan instalment of AED 147 million ahead of time
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
BodyO launches officially its AiPod for a full body check-up during the Gitex Fu...
The World of Aigner Wunderkammer
Halloween “Catwoman” mask using BROW products
Manero Peripheral (43 Mm) Classic Watchmaking Meets State of,the Art Technology
Fifi & Friends - Now available at more outlets across the UAE
BOLLYWOOD PARKS™ Dubai introduces 11 new shows with a new line up of performance...
Corum Heritage Eleganza- Dedicated to the stylish woman
Win up to 250,000 Gold coins at Malabar Gold & Diamonds this festive season
With more collections and a more spacious car parking, Kalyan Silks moves to El...
Dubai Shopping Festival Returns With Much-awaited Mega Raffles
Joyalukkas Celebrates the Festival of Light with Irresistible Offers
Michael Kors to Introduce a Special-edition Whitney Handbag for the Middle East
Dubai's newest social hub - Bar Baar introduces ‘Thela Baar Brunch'
Hour Choice presents Coach Park Collection (Suede straps)
Saddle Up With kate spade Fall 2018
Introducing the Nokia 7.1 to the UAE
W Motors and Safe City Group introduce the BEAST PATROL at GITEX: One of the mo...
Sharjah Government pavilion highlights digital transformation of Sharjah at GITE...
Sunglasses Trends for Fall/Winter 2018
Be Thankful with Tub of Butter This Thanksgiving
Scuderia Ferrari Aspire Watch Special Edition Gift Set
CITIZEN Unveils 100th Anniversary Limited Edition Collection
Rado DiaMaster Ceramos Automatic
Toyota's legendary King goes urban with the 2019 Land Cruiser Grand Touring Edition
Sharjah Girl Guides Unleash their Power on International Day of the Girl Child
Nissan to Make Official On-track Formula E Debut
Western Digital powers AI-enabled storage for futuristic surveillance and security
Provacuno - Spain's largest Inter-professional Association introduces Spanish Be...
Dubai Festival City Run 2018 to take place on November 9th
Healthcare leaders sign in Dubai a Call for Action to raise awareness about ‘sil...
HUGO BOSS Watches Jump Collection
Epson Introduces the New A3 and A4 business inkjet aimed at busy workgroups duri...
L'oréal Among the Top 10 of Thomson Reuters Diversity & Inclusion Index
Daikin eyes significant expansion of business in the UAE
Avivo's Ribbon of Life Walk in support of Breast Cancer on 19th October
Dubai's Jehad Medical Clinic bags JCI for the third time
Neymar Jr. Partners With GaGà Milano as Brand Ambassador
Tissot Bella Ora Round Style incarnate
Synx, Pand.ai, and AIMLedge named winners of startAD's Artificial Intelligence V...
Dubai Business Women Council witnesses 36.5% growth in total membership since th...
Ministry of Human Resources and Emiratization (MOHRE) Honors Union Coop for its ...
Trust Corine de Farme for Sulfate-Free Baby Products
Jeddah Airport delegation applauds Dubai Customs' experience in facilitating tra...
FBN Next Generation Lombard Odier Award 2018 champions the next generation of en...
Swiss Chemicals & Building Material Giant “Sika” Expands Operations in UAE with ...
400 UAE residents come together on World Arthritis Day
Roda Al Bustan and Roda Amwaj Suites acclaimed as regional leaders in hospitality
Majid Al Futtaim Celebrates the Grand Opening of Aloft City Centre Deira
Dubai Health Authority showcases its smart services at GITEX 2018.
Nawah Energy Company Establishes World's First Nuclear Language Proficiency Standards