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29 November 2023

Abu Dhabi seeks Japanese capital

By Staff

Abu Dhabi will present a list of projects to Japanese businessmen to invest in the emirate within an ongoing drive to attract foreign capital and achieve targets set in its Vision30, a long-term development strategy launched a few years ago.

Officials from the Abu Dhabi Department of Economic Development (DED) and other local establishments will explain investment opportunities at a forum to be held in Tokyo on Sunday, DED said in a statement.

“forum aims to shed light on the outstanding opportunities and investment incentives offered by the Emirate of Abu Dhabi in areas of infrastructure, energy, finance and industry, in view of the orientation of the leadership of Abu Dhabi to push ahead with several major development projects,” it said.

DED chairman Nasser Al Suwaidi will head a high-level delegation to the forum, which also includes talks on investment in the emirate, which controls nearly nine per cent of the world’s recoverable oil resources.

“This Forum reflects the interest of Abu Dhabi Government to promote economic DED figures showed the UAE’s exports from Japan surged by 28.4 per cent to around $29.2 billion in 2010 while Japan’s imports from the country swelled by nearly 12.4 per cent to $7.3 billion.

The statement said Suwaidi, who would open the forum would highlight the most important investment opportunities offered by the Government of Abu Dhabi in the coming years which “would form the backbone of the strategic partnership between Abu Dhabi and Japan.”

The Forum includes five sessions, starting with an opening session key note speeches from both sides, followed by a presentation by Fahad Al Raqbani, the Executive Director of the Economic Council of Abu Dhabi, and a panel discussion on the overall investment opportunities involving Abu Dhabi Economic Council, Mubadala and Abu Dhabi Chamber.