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 2403 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
Michael Kors Presents Spring 2018 Jewelry
Max Fashion #ForgetFilters Campaign Celebrates Living for the Moment
Malabar Gold & Diamonds makes historic gain Opens 11 showrooms in a day across 6...
IKEA Welcomes Children in-store to Spread Love for the Arabic Language as Part o...
Sports Bras Banishing Bounce by 83% arrive in store
LG Exploring New Commercial Opportunities With Expanding Robot Portfolio
Transform Your Lips With Glitter Flip Liquid Lipsticks from Ciaté London
We Sheet You Not! Foreo Announces End of Face Mask Epidemic
Transform Your Skin In 2018 with QNET's Revolutionary Elixa Skincare
Experience the ultimate beauty extravaganza as MyBeautyFest kicks off with the i...
Qabala joins Air Arabia's Azerbaijan network
Golden Bridge Rectangle Diamonds designed to dazzle
Michael Kors Presents Spring 2018 Watches
AIGNER Love
New Year, New Skincare!
Bubble Clown by Matt Barnes
Coach presents the Grand Stainless Steel Bracelet Watch Collection
OMEGA and Pyeongchang 2018
Land Rover's 70th Anniversary Begins With Restoration of ‘Missing' Original 4x4
Garden Party Style and Cult Classics: Swatch Launches Spring-summer 2018 Collection
Corum Bubble Art For Those Who Appreciate A Work Of Art
Shimmering Gilda takes on a silvery sheen
Marine Torpilleur Military made for men who chart their own destiny
Joyalukkas grows presence in Singapore with new showroom on Serangoon Road
New Year – New Savings now with Al-Futtaim Honda
Spring/Summer 18' Beauty Picks from Missha Cosmetics
Samsung Delivers Vision for Open and Intelligent IoT Experiences to Simplify Eve...
Samsung Electronics' 2018 Smart TVs Become First to be Industry-Certified for En...
Scuderia Ferrari presents the latest RedRev Watch Collection
Dubai Culture Organises ‘Carnival of Ideas'
EUROSTAR presents seven global tech majors at CABSAT 2018
Signature Scents for Your Home
Malabar Gold & Diamonds strengthens its global position as a leading jewellery r...
Nissan and NASA extend research into autonomous mobility services
Nissan reaffirms importance of electrification at World Future Energy Summit
World Future Energy Summit's inaugural Mobility Conference to discuss future of ...
Dubai Tour team line-up announced: 16 teams of seven riders at the start
Abu Dhabi Quality and Conformity Council Completes Verification of Fuel Meters a...
Mashreq Bank offering credit cards for every passion
Renault-Nissan-Mitsubishi Launches a Venture Capital Fund to Invest Up to $1 Bil...
Panasonic Jaguar Racing Set Their Sights on Marrakesh E-Prix
HP Fuels the Future of Computing at CES 2018
Mido's Baroncelli Prisma - A sparkling play of prisms enhanced by 51 diamonds'
Governments to Signal Support for IRENA Key Role in Global Energy Transformation
ZAKK Air specialised headset for athletes launched in UAE
LG's Award-winning 4k Uhd Projector to Debut at CES 2018
HH Sheikh Hasher Bin Maktoum Al Maktoum opens CABSAT 2018
Dallas Picks Ericsson for Smart Cities Traffic Solution
Property Remains Preffered 2018 Investment Asset for UAE Residents
His Highness Sheikh Hasher bin Maktoum bin Juma Al Maktoum Visits du's Stand on ...