-Ibn Touq: The economic policies adopted by the UAE during the last three years in implementation of the vision of the wise leadership formed fertile ground for the growth of major French companies and their spread into new markets.
– More than 600 French companies operate in the Emirates and employ more than 30,000 people.
The UAE is the second largest Gulf investor in France, and has more than 50 companies operating in different sectors.
– Emphasizing the depth of the common ties between the United Arab Emirates and the friendly Republic of France, with the support and care of the leadership of the two countries.
– Discussing opening new paths for the business communities to easily access the economic opportunities available in the markets of the two countries.
– Reviewing the most prominent developments witnessed in the economic environment of the UAE during the past period in light of the objectives of the “We are the Emirates 2031” vision.
Paris, September 28 / WAM / His Excellency Abdullah bin Touq Al Marri, Minister of Economy, discussed with a group of businessmen, investors and CEOs of major French companies, during a meeting in the presence of Frederic Sanchez, President of the International Branch of the French Employers Association, ways to enhance economic cooperation between Abu Dhabi and Paris and create… New paths enable the business communities in both countries to explore more available opportunities that support the sustainable growth of their economies, especially in the new economy sectors.
His Excellency Abdullah bin Touq said that economic and trade cooperation is the main driver for strengthening the bonds of partnership between the two countries and pushing them forward towards achieving their sustainable development goals and ensuring prosperity and well-being for both friendly peoples. From this standpoint, the two sides have worked over the past years to provide all the tools and capabilities necessary for the prosperity and expansion of the activities of their companies, which has been reflected positively on the numbers of companies operating in the markets of the two countries.
He added that the economic policies approved by the UAE in the last 3 years, in implementation of the vision of the wise leadership, formed fertile ground for the growth of major French companies and their spread in new markets, due to the various incentives and advantages they possess, including advanced infrastructure and flexible legislation that ensures fair competition. In addition to a system of digital services through which businesses can be established in a short time.
He continued: “These capabilities have contributed to the UAE embracing more than 600 French companies that employ more than 30,000 people and operate in various sectors, including renewable energy, transportation, logistics, hotels, aviation, space, banking, insurance, and others. On the other hand, the UAE is the second largest Gulf investor in France, and has more than 50 companies operating in the French market in various sectors, and we will work with our partners in France to increase the number of companies operating in the markets of the two countries during the next stage, which will contribute to providing thousands of job opportunities.”
His Excellency stressed that the bilateral relations between the two countries have achieved qualitative advances in various fields of cooperation, pointing to the depth of the common ties between the United Arab Emirates and the friendly Republic of France, which are embodied through the strategic alliance between them, the foundations of which were laid by His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates. The state, “may God protect him,” and His Excellency President Emmanuel Macron, President of the French Republic, is becoming stronger day by day.
During the meetings, His Excellency Abdullah bin Touq reviewed the determinants of the “We are the Emirates 2031” vision, which aims for the country to be a global center for the new economy, in implementation of the forward-looking vision of the wise leadership, and the steps taken by the UAE government in order to achieve this goal, through developing the legislative system. Economic, and launching innovative initiatives and programs that support the economic climate that attracts foreign direct investments, especially in the sectors of the new economy, in addition to issuing a system of legislation to protect intellectual property, and launching an ambitious strategy to attract talent and minds in all sectors to enhance the country’s position as a permanent center for creativity and innovation.
His Excellency called on French businessmen and owners of emerging companies to take advantage of the promising opportunities that the Emirati market possesses, to move their companies’ operations towards more markets in the Middle East and North Africa region and the Gulf Cooperation Council countries, in order to grow their trade and increase the penetration of their goods towards these rich markets. .
The French Employers Association, known by the abbreviation “MEDIF”, is a leading network that includes 173,000 companies and subscribers and has great economic weight inside and outside France. It aims to support entrepreneurs and small and medium-sized companies, which represent about 95% of the total companies joining its network, and provide innovative solutions. It helps it achieve sustainable growth, through a group of pioneering initiatives and programmes.
His Excellency Abdullah bin Touq Al Marri, Minister of Economy, visited the Republic of France at the head of an economic delegation from the UAE, to discuss strengthening the bonds of joint economic cooperation in a wide range of vital sectors, most notably renewable energy, tourism, aviation, entrepreneurship, artificial intelligence, space, intellectual property, and the circular economy. .
2023-09-28 04:16:05
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