uae-france partnership forum key to attract inward foreign investment, says al awadi

Published November 20th, 2007 - 11:36 GMT
Al Bawaba
Al Bawaba

uae-france partnership forum key to attract inward foreign investment, says al awadi
exports from dubai to france up more than 52 per cent

 

A high-level Dubai Export Development Corporation (DEDC) team, led by its CEO Eng. Saed Al Awadi, will be part of the UAE delegation participating at the UAE- France Partnership Forum.

Being held at Paris’ Carousel of the Louvre, from November 21 – 24, the event aims to reinforce the strong business ties between the two countries.

Speaking about the DEDC’s participation at the event, Al Awadi said, “Bilateral trade relations between the two countries have always been very strong and as we aim to increase exports from Dubai and the United Arab Emirates, we want to attract French industrialists and investors to set up manufacturing facilities in the region.

“Dubai’s free zones and investor-friendly policies compare favourably with the world’s best and we want some of the leading companies from different industry sectors to take advantage of these facilities.”

Al Awadi said that exports from Dubai to France are up more than 52 per cent and this figure is expected to increase further. Some of the best performing sectors include textiles, stone, cement, ceramics and glass, as well as rubber and plastic products.

Al Awadi also shared DEDC’s strategy to increase non-oil exports from Dubai and explained the various major projects underway in the emirate, which will greatly enhance facilities and infrastructure for manufacturers and exporters.