UAEIIC & JOIN sign MoU to establish new investment & economic partnerships

By Arya M Nair, Official Reporter
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UAEIIC_JOIN partnership
Officials from UAEIIC & JOIN at MoU signing ceremony

The UAE International Investors Council (UAEIIC) has signed a Memorandum of Understanding (MoU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) to expand the circle of coordination and investment cooperation between the two institutions to serve their common interests.

The agreement constitutes a nucleus on which to build and encourage more partnerships between the business communities and private sector companies from both sides, build their capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa region, in several areas of common interest, especially in potential infrastructure and transport projects, in a way that contributes to achieving the aspirations of the two institutions and supports their development efforts.

The MoU was signed at the Council’s headquarters at the Ministry of Economy in Abu Dhabi by Mr. Jamal bin Saif Al Jarwan, Secretary-General of UAEIIC, and Mr. Tatsuhiko Takesada, President and CEO of JOIN.

The agreement was signed in the presence of Mr. Akio Isomata, Ambassador of Japan to the UAE, Mr. Rashed Saud Al Shamsi, member of the Board of Directors of UAEIIC, Mr. Faisal Khouri, VP, Packaging, MEA- Borouge, and a number of representatives from both sides.

Jamal Saif Al Jarwan_UAEIIC_JOIN partnership
Jamal Saif Al Jarwan

“We are pleased to sign this agreement with JOIN to enhance the role of the private sector, stimulate growth, create appropriate projects and opportunities for investment and establish new economic partnerships. This agreement reaffirms the UAE International Investors Council’s was chaired by Minister of Economy Mr. Abdullah bin Touq Al Marri’s approach to building bridges of cooperation and complementary work with relevant international institutions and parties, to create constructive partnerships and support the Council’s ambition to achieve the growth of UAE investments.”

Mr. Takesada stated that “We are pleased with this agreement, as the purpose of this MoU is to coordinate and cooperate on potential projects from the early stages, especially on projects related to infrastructure, urban development and transport projects in the UAE and other countries, especially the Middle East and North Africa region, to drive sustainable growth.”

JOIN continuously strives to be involved in overseas transport and urban development projects from the early stages, cooperating with host governments and related parties, to facilitate the entry of Japanese companies through the creation of a business environment that encourages their participation in overseas projects.

Related: UAE Banks Federation signs MoU with Azerbaijan Banks Association