Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE - Highflyers meet shines spotlight on foreign investment successes  Join our daily free Newsletter

MENAFN - Arab News - 15/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The major successes of UAE companies in foreign investment can be attributed to strong support from the national leadership and relevant government ministries including the Foreign Ministry and the Ministry of Economy. said a top industrialist

He made the remarks at the Highflyers Forum in Dubai, hosted by the Ministry of Economy to highlight the successes of more than 130 successful UAE companies that have operations and investments abroad

Sultan bin Saeed Al-Mansouri, UAE minister of economy, opened the event

It was held with the support of Shaikh Mohammed bin Rashid Al-Maktoum, vice-president and prime minister of the UAE and Ruler of Dubai

The initiative by the Ministry of Economy was aimed at underlining the experiences and expertise of UAE companies that have investments abroad.

The total cumulative value of such investments across the world is AED350 billion, according to the UN Conference on Trade and Development (UNCTAD)

Majid Jafar, CEO of Crescent Petroleum and vice-chairman of the Crescent Group, gave the keynote address, entitled "Charting growth and prosperity: winning strategies to export UAE's mastery in a morphing global economy"

He described how the major successes of UAE companies in foreign investment can be attributed to the open policy adopted by the UAE to the world, and the strong government support provided to all UAE companies from the UAE leadership and all the relevant government ministries including the Foreign Ministry and the Ministry of Economy

He also described how many UAE companies have already become regional and global leaders in their sectors, following key strategies such as excellence in quality standards, understanding and adapting well to the local environment, and high levels of corporate governance

"We must continue to engage, as the UAE corporate community, in the national effort to ensure competitiveness, economic diversification and sustainability in the future," he said, while placing special emphasis on the key strategic decisions Emirati companies can take to export the UAE's economic expertise in achieving global competitiveness

Describing the Crescent Group's experience in foreign investments over the past 43 years as a UAE-headquartered company, Jafar said:

"UAE companies have already successfully invested in over 100 countries worldwide, and we at the Crescent Group have current investments in 22 countries throughout the region and internationally, in sectors such as oil and gas, ports and logistics, power and engineering, real estate and construction, and private equity."

He added: "Our oil and gas operations through Crescent Petroleum - the oldest private exploration and production company in the Middle East have included experience as an international operator in numerous countries including Iraq, Egypt, Pakistan, Yemen, Canada, Yugoslavia, Tunisia, and Argentina."

The Highflyers Forum brought together prominent CEOs of UAE companies operating abroad and highlighted their successes in foreign investments, the challenges they face, and their strategies for future overseas expansion in international markets.

In addition to the speeches and panels, the Forum featured the video and launch ceremony of the Highflyers Initiative by HE the Minister of Economy

Headquartered in Sharjah in the UAE, Crescent Petroleum has international offices in the UK and Iraq, as well as affiliated offices in Egypt and Bahrain.

Crescent Petroleum is also the largest shareholder in Dana Gas, the Middle East's leading publicly-listed natural gas company.

Through its sister company Crescent Enterprises, other subsidiary and affiliate companies include Gulftainer Group, Clinical Pathology Services (CPS), the Gama Aviation Group, and URUK Engineering.

The company also holds private equity fund investments and is a founding investor and shareholder in Abraaj Capital and GrowthGate Capital Corporation

 


Arab News




  MENA News Headlines
 Aug 3 2015 - GBM Gold pours first gold at Victorian projectProactiveInvestors - Australia
(MENAFN - ProactiveInvestors) GBM Gold (ASX:GBM) has poured first gold mined from its Victorian gold open pit near Dunolly from 2700 tonnes of ore. The ore was processed at the A1 gold processing ...

 Aug 3 2015 - Mobily Q2 net loss hits nearly USD215mMENAFN
(MENAFN) Saudi Etihad Etisalat (Mobily), suffered a net loss of USD215 million during the second quarter of this year as a result of dispute with Zain.The company Exposed to loss in the second ...

 Aug 3 2015 - Dubai spent USD46.2m for water transmission networksMENAFN
(MENAFN) Dubai Electricity and Water Authority (DEWA), launched major water transmission networks with a length of 25km. This project matches Dubai Plan 2021, which pursues economic development, ...

 Aug 3 2015 - GCC Foreign Ministers hold coordination meeting in DohaSaudi Press Agency
(MENAFN - Saudi Press Agency) Foreign Ministers of the countries of the Gulf Cooperation Council held here on Sunday evening a coordination meeting ahead of their joint meeting with US Secretary of ...

 Aug 3 2015 - Saudi Arabian Football Federation holds its regular meetingSaudi Press Agency
(MENAFN - Saudi Press Agency) The board of directors of the Saudi Arabian Football Federation held its regular meeting here on Sunday.During the meeting, the board discussed topics on the agenda and ...

 Aug 3 2015 - Abu Dhabi's Agthia net profit up 20 percent in H1MENAFN
(MENAFN) Food and beverage company Agthia Group net profit for the first half of 2015 rose 20 percent to USD34 million from the same period last year, driven by higher sales and improved margins.The ...

 Aug 3 2015 - Syrian jet crashes into market, 12 killedSaudi Press Agency
(MENAFN - Saudi Press Agency) At least 12 people were killed when a Syrian army fighter jet crashed into a busy marketplace in the opposition-held northwestern town of Ariha on Monday, a monitor ...

 Aug 3 2015 - Qatar's Emir Receives GCC Foreign MinistersSaudi Press Agency
(MENAFN - Saudi Press Agency) Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, received today the Gulf Cooperation Council (GCC) for Arab States' foreign ministers, currently on a visit ...

 Aug 3 2015 - US State Secretary Arrives in DohaQatar News Agency
(MENAFN - QNA) US Secretary of State John Kerry arrives in Doha on Sunday night to take part in a joint meeting with Their Excellencies the Foreign Ministers of the Gulf Cooperation Council (GCC) ...

 Aug 3 2015 - Russian Foreign Minister Arrives in DohaQatar News Agency
(MENAFN - QNA) Russian Foreign Minister Sergei Lavrov arrived in Doha on Sunday night on a visit to the State of Qatar. The Foreign Minister and his accompanying delegation were welcomed upon ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help