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- Dubai 04:28 05:46 12:20 15:47 18:49 20:07
Shiekha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade, has invited the foreign business councils in the UAE to increase their contributions towards achieving economic success and development in the UAE through exploring more investment opportunities in the local market especially in the non-oil sectors such as renewable energy.
Addressing Ministry of Foreign Trade's Annual Meeting for Foreign Business Councils and Groups in Dubai, she underlined the UAE's strong ability to develop the economy and continue to support different economic sectors and strengthen its advanced commercial standing across the globe.
Sheikha Lubna said that the success of the government's strategy of nurturing an open economy, promoting a free market, and guaranteeing fair competition has allowed the UAE economy to remain one of the top economies of the Middle East amidst the global recession.
“These strategies and policies have contributed towards increasing global confidence in the UAE's Economy and succeeded in attracting large foreign direct investments,” she said.
She added that the UAE will continue to offer various incentives to guarantee that it remains one of the most business-friendly destinations in the world.
The minister said: “Although doing business in a foreign land entails a lot of time, money and effort, the decision taken by foreign businessmen to choose the UAE as an investment partner for growth is the right decision in light of the UAE's achievements and successes in all sectors and levels coupled with its strong ability to increase growth.”
She also pointed out that global confidence in the UAE's economy is growing.
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