UAEIIC sets up key platform to unite efforts of public & private sectors; Chairman

By Shilpa Annie Joseph, Desk Reporter
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UAE’s Minister of Economy and Chairman of the UAE International Investors Council (UAEIIC), Mr. Abdullah bin Touq Al Marri has stated that the council has established a key platform to unite the efforts of the public and private sectors, with a clear vision to protect and support the interests of Emirati companies and investments abroad.

Mr. Al Marri made this statement while chairing the 32nd meeting of the UAEIIC’s board, which was held remotely.

The UAEIIC, which was created in 2009, supports the process of economic development and makes Emirati investments abroad drivers for advancing the national economy based on diversification, innovation, and knowledge, to enhance sustainable competitiveness.

The meeting addressed the activities carried out in the second quarter of 2022, as part of the UAEIIC’s strategy and its keenness to support the interests of member companies, and its role in supporting decision-makers in drafting well-studied policies.

Furthermore, the meeting discussed the incentives and advantages offered by the comprehensive economic partnership agreements (CEPA) signed with India, Israel, and Indonesia, and the opportunities that Emirati companies could capitalize on in these countries.

During the meeting, Mr. Al Marri noted that “the UAEIIC is adopting a clear vision to advance Emirati investments abroad and open new markets, under the framework of the new economic and commercial agreements signed between the UAE and several promising regional and international markets, most notably in priority sectors, and as part of the country’s commitment to implementing the vision and directives of its wise leadership, especially in food security, logistics, digital technologies, renewable energy, space, and other sectors, in line with the transformation witnessed by the UAE’s economic model.”

The UAEIIC’s members also discussed a range of key topics, such as developing new mechanisms that support the interests of Emirati companies abroad and serve the country’s aspirations, especially Emirati foreign investments that have enhanced the UAE’s prominent competitiveness in a wide range of vital sectors, including aviation services, mining, logistics, ports, infrastructure, renewable energy, telecommunications, information technology, tourism, hospitality, banking, agriculture, food, and pharmaceutical industries.

Related: ADCCI conducts session on increasing Emiratization rates in private sector


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