Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 0 minute ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Dubai FDI embarks on 2nd investment promotion mission to US
September 10, 2018
 Print    Send to Friend

DUBAI: Dubai FDI, the investment development agency of Dubai Economy (DED), is going on to second investment promotion mission to the United States this month in a bid to further strengthen its bilateral relations with one of the world’s leading economic powers. The high-level mission will visit the cities of Indianapolis and Detroit.

The main objective of the mission, which will take place from September 15 to 22, 2018, is to strengthen trade and economic ties with the states Indiana and Michigan, in the fields of technologies, healthcare and life sciences, agriculture, education, aerospace, transportation, and infrastructure, as well as highlight partnership opportunities and knowledge between the UAE and the US in the field of exports and investments.

The mission, supported by the Embassy of the UAE in Washington and number of top executives from Dubai Exports, leading free zones in the Emirate, the US-UAE Business Council, and the Emirates Airlines Group will be part of the mission led by Dubai FDI.

CEO of Dubai FDI Fahad Al Gergawi said, “The mission to Indiana and Michigan is part of Dubai FDI Global Mission Programme to the United States, and is in line with our efforts to establish partnerships with international investors and enable them to expand and grow their business in Dubai.”

He added, “The mission follows our successful business mission to Columbus and Cincinnati cities in Ohio last March, where our delegation met with US businessmen and government officials to introduce Dubai’s advantage as a gateway to other global markets. During the mission, we will highlight all significant opportunities in the local market and how American companies - especially those involved in exports - can grow their business by capitalizing on the many competitive advantage in Dubai as an investor-friendly city and regional or sub-regional hub for their business.”

CEO of Dubai Exports Saed Al Awadi said, “We will discuss with our US counterparts the value proposition that Dubai offers to the foreign investors, as the emirate provides not only global connectivity but also provides an encouraging environment for doing business for international companies in various sectors, as well as the continued development of infrastructure facilities that enable the smooth flow of goods across global markets.”

Detroit enjoys a gross domestic product (GDP) growth of 9.8 per cent from 2011 to 2016. It is considered an international gateway to the US, being the 6th largest export market in the country, valued at $42.1 billion in 2016. It is home to 1,300 international businesses from 38 countries.

Indiana - where Indianapolis is located - has a total population of 6.6 million in 2017 and is known for its large durable goods manufacturing sector, which accounts for 16 per cent of Indiana’s GDP. Finance, insurance, real estate, and leasing are the next largest sectors. The US state’s current-dollar GDP reached $359.1 million in 2017.

The value of non-oil trade between US and UAE reached US$24.28 billion in 2017. To date, there are over 1,500 American companies registered in the UAE and over 50,000 US citizens living in the country. The US, which will host a country pavilion, will also participate in Expo 2020 Dubai.

WAM

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
UAE-India business conference next month
DUBAI: The 3rd edition of UAE-India business conference, ‘MahaBiz 2018’, will be held in Dubai from Oct.12-13. The conference is one of the most awaited events in the reg..
Brazilian firm forays into UAE market
Dubai: O Boticário, the largest fragrance player in Brazil with more than 4,000 stores around the world, is all set to foray into the UAE market by opening the first inte..
FinTech accelerates digital economy innovation
ABU DHABI: The Abu Dhabi Global Market (ADGM) on Monday launched its second edition of FinTech Abu Dhabi Summit, held under the patronage of Sheikh Hazza Bin Zayed Al Nah..
French manufacturer to exhibit latest range of products at Leisure Show
DUBAI: Mousses Etoiles, a leading French manufacturer of luxurious outdoor furniture, will be exhibiting their latest range at The Leisure Show Dubai, from the September ..
Pakistan Property Show takes off in Dubai
DUBAI: Pakistan’s largest property portal Zameen.com has successfully opened the second edition of its flagship international exhibition, Pakistan Property Show, at Za’ab..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright