His Excellency Engr. Sultan bin Saeed Al Mansoori, UAE Minister of Economy, stressed on the relevance of boosting the networks of collaboration between the UAE and Malaysia, specifically in regards to trade and investment. Minister Al Mansoori shared that the value of reinforcing these ties is reflected in the key rate of interest positioned by UAE and Malaysian companies, along with their particular government and economic establishments, joining the UAE-Malaysian Business and Financial investment Forum currently being kept in Kuala Lumpur in Malaysia.
Discussions were held during Minister Al Mansoori’s meeting with H.E. Y.B Dato Sri Mustapa Mohamed, Malaysian Minister of International Trade and Industry (MITI), on means in order to help better enhance bilateral connections in between the two countries and how to relocate these ties in the direction of higher levels.
During the meeting, H.E. Al Mansoori shared that UAE-Malaysian Business and Investment Forum shows the solid connections between the two countries and revealed confidence in entering into a new phase of common work based on the move to boost bilateral partnership.
For his part, H.E. Y.B Dato Sri Mustapa Mohamed emphasized on the relevance of the UAE’s economic relevance between East because of its several success and incorporation throughout leading indices that observed the appreciation of the worldwide community. The Malaysian Minister likewise applauded the UAE leadership’s proceeding interest in improving the role of innovation and the awareness of visions of growth that serve the goals of sustainable development.
The meeting also covered key talks on the additional improvement of various areas of economic cooperation, which included a review of the forum’s program; ways on ways to support and supply essential facilities to investment entities and organizations in the UAE and Malaysia; and the establishment of joint ventures, especially in the fields of innovation, modern innovation, Halal industry, renewable resource and little and medium-sized enterprises (SMEs).
The conference was additionally attended by H.E. Abdullah Bin Ahmed Al Saleh, Undersecretary for Foreign Trade Matters; H.E. Khalid Ghanim Al Ghaith, UAE Ambassador to Malaysia and Mohammed Hamdan Al Zaabi, Director of Commercial Promotion Department, Ministry of Economy.
H.E Sultan bin Saeed Al Mansoori observed the signing of a strategic Memorandum of Recognizing (MoU) between the Abu Dhabi Chamber of Business and Industry and the Chinese Chamber of Commerce and Industry in Kuala Lumpur and Selangor, which aims to reinforce and improve economic cooperation while additionally promote investment opportunities. H.E. the Malaysian Minister of International Trade and Industry was also existing during the finalizing event.
Meanwhile, H.E Abdullah Al Saleh held a comprehensive meeting with officials of the Khazanah Company, the investment arm of the Malaysian Federal government, in the presence of the Executive Director of Investment and the group, as well as senior authorities of the company. Throughout the conference, H.E Abdullah Al Saleh emphasized on the value of improving teamwork in between federal government organizations and investment entities from both countries.
For his part, Abdullah Mohammed Al Awar, Chief Executive Officer, Dubai Islamic Economy Development Center (DIEDC), affirmed the growing cooperation in between DIEDC and its strategic companions in Malaysia, specifically in the continuing efforts to develop a unified worldwide umbrella for Halal products, in light of the rich cultural and institutional experience that the UAE can offer to this swiftly growing global segment.
Engr. Saeed Al Awadi, CEO, Dubai Exports, stated the that the company looks for to translate government objectives in diversifying commercial exports and supporting modern industrial advancement systems to increase the value of non-oil nationwide exports. One of the non-oil sectors that the company has placed strong concentrate on is the Halal trade. The East Eastern market is being considereded as one of one of the most important markets for these two fields – strongly highlighted by Malaysia’s growing credibility as one of the most crucial facilities for the global Halal industry.
H.E Mohammed Obaid Bin Majid AlAleeli, General Director, Department of Industry and Economy in Fujairah, shared that the department was likewise able to hold a variety of productive conferences during the browse through, including a meeting with authorities of the Malaysian investment company Danyo, which has resulted in the hunt for potential financial investment chances in renewable resource, specifically for solar and cement manufacturing facilities along with mining tasks in Malaysia and other financial investment possibilities provided by the emirate.