Saturday , September 23 2017

UAECII to support Emirati companies investing abroad

mansouri copy

Abu Dhabi / WAM

The UAE International Investors Council (UAECII) has made a range of strategic decisions to support the development of its working procedures, to serve its goals of promoting coordination and supporting Emirati companies that invest abroad.
The Council made its decisions during its 14th meeting, which was chaired by Sultan bin Saeed Al Mansouri, Minister of Economy and President of the Council.
Al Mansouri stated that global Emirati investments are witnessing continuous growth and diversity in various world markets, as the value of the country’s total direct foreign investments in 2017 reached around $16 billion. He also noted that these investments
have acquired a wide and prominent reputation,
due to their key development achievements and continuous growth.
He added that the Council is an important platform for promoting UAE investments abroad, as well as protecting the interests of Emirati investors, overcoming the obstacles they face, and providing them with the knowledge and information to help develop their businesses abroad.
He also highlighted the importance of the Council’s 14th meeting, which witnessed a range of important decisions to promote the council’s role in contributing to the success of Emirati companies in foreign markets and encouraging investments in vital areas that support the UAE’s policies of economic diversification.
He praised the role of the UAE government in providing the council with logistical support, enabling it to fulfil its duties and responsibilities, and he confirmed that they will continue working on overcoming the challenges and obstacles facing investors, to support the national economy.
Jamal Saif Al Jarwan, Secretary-General of the UAE International Investors Council, stressed that the 14th meeting of its Board of Directors, held at the InterContinental Dubai Hotel, reviewed the outcomes of a consultant’s report, titled, “Gutzpartners,” which included many recommendations on the council’s future role, as well as a range of related decisions, to guarantee continuous support for Emirati companies that invest abroad, and to promote their presence in their
targeted markets.

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