DUBAI
-- Dubai’s ambitious growth plans as well as policy focus on competitiveness
and innovation have been explained to US investors and businesses during a
series of ‘Doing Business in Dubai’ seminars hosted recently across Orlando,
Dallas, Denver and San Francisco, by a delegation led by Dubai Investment
Development Agency, Dubai FDI, an agency of the Department of Economic
Development, DED.
The delegation, co-ordinated by Dubai FDI
and Dubai Exports, the export promotion agency of DED, and supported by the UAE
Embassy in Washington, DC and the US-UAE Business Council, included
representatives from TECOM, Emirates Group, Dubai South and Dubai Silicon
Oasis, DSO.
Fahad Al Gergawi, CEO of Dubai FDI,
said that over 450 senior decision-makers from private and government sectors
in the US know more about Dubai now as a result of the productive seminars and
interactions the delegation had in the four cities during the 14-day mission.
"US businesses were keen to know
how Dubai can enable them grow and expand. Representatives from Dubai South,
TECOM and Dubai Silicon Oasis were particularly successful in highlighting the
opportunities for innovation-driven and knowledge-based economic activity to
thrive in Dubai’s free zones," said Al Gergawi.
"There was palpable interest among
US businesses in the efficiencies Dubai has added as a hub in regional and
global supply chains, particularly in enabling faster movement of trade and
people. We are looking forward to this interest translating into business
initiatives and partnerships in the near future," added Saed Al Awadi, CEO
of Dubai Exports.
In Orlando, the delegation addressed
over 100 senior business executives in collaboration with the Central Florida
International Trade Office and visited a number of research and development
sites as Dubai’s focus on innovation and education dominated the discussions.
The high point of the delegation’s
visit to Dallas was a tour of the Alliance Texas, an inland port development
and logistics zone with integrated residential, commercial and aviation
operation facilities. Dubai South, being a new free zone, was particularly
interested in the emphasis on efficiencies and a harmonious work-life balance
in the Alliance Texas ecosystem.
"The trade mission to four US cities
has succeeded in initiating and facilitating communication between Dubai South
and its entrepreneurial, investor and business counterparts in the US. It was
encouraging to engage with and learn from the expertise and knowledge of our US
partners in a range of areas related to innovation, and research and
development," said Mohammad Al Falasi, Director, Business Development at
Dubai South.
"Dubai South, an urban city
development with a solid business ecosystem, is an unrivalled gateway to the
Middle East, North Africa, and Asia, and the time is ideal for collaborations
between North American manufacturers and investors, and Dubai South,"
added Al Falasi.
The delegation held meetings with the
State Economic Development Offices, VisitDenver, Denver International Airport
and the Mayor’s Office in Denver, in addition to site visits to a number of
successful renewable energy projects. The Denver International Airport
officials expressed strong interest in welcoming Emirates airline to their
city.
"We were very impressed with the
collaborative approach from the Dubai delegation. Not only did they use their
visit to promote the vast opportunities for investment in Dubai, but they took
the time to thoroughly engage with Denver leaders to build relations. It’s these
relations that will serve as the foundation for future partnerships between
Denver and Dubai," commented Laura L.Jackson, Vice President, Air Service
Development, at Denver International Airport.
In San Francisco, the Dubai delegation
and Tesla Motors discussed collaboration on enabling the renewable energy
pioneer to leverage Dubai’s position as a hub for the Middle East, North Africa
and South Asia, MENASA. The delegation also visited SolarCity, a renewable
energy integrator, to update them on the scope for renewables in the regional
markets, and met with institutions known for excellence in innovation,
including Stanford University and Google.
Expressing happiness over the mission
and growing trade bilateral trade, Nasir Abbasi, Commercial Attache at the US
Consulate in Dubai, said that UAE-US trade crossed US$25.4 billion in 2015,
surpassing all other US trade partners in the broader region, including Turkey
and India.
"I think the value of the trip was
evident on all sides, be it the delegates, entities or individuals with whom
they interacted. Our hope is that we can build this momentum, and we stand
ready to support," added Saud Al Nowais, the UAE’s Commercial Counselor in
the US.
Danny Sebright, President of the US-UAE
Business Council, said that the visit by the Dubai delegation highlighted the
success of sectors with special interest to US companies looking to expand
their businesses abroad. "It’s a testament to organizations like Dubai
FDI, which so skillfully promote Dubai’s business-friendly environment and
state-of-the-art infrastructure. Indeed, Dubai FDI is a valuable tool for
government as well as private sector institutions and the US-UAE Business
Council is proud to be a loyal partner."
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by: www.uaeinteract.com
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