Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Highflyers highlights successes of UAE-based firms  Join our daily free Newsletter

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



(MENAFN - Khaleej Times) The first Highflyers Forum on Tuesday highlighted the successes of more than 120 UAE-based companies that have operations and investment abroad in addition to discuss further investment opportunities available across the world



Top executives of successful companies shared their experiences and challenges they faced in exploring new markets while diplomats from select countries highlighted investment opportunities available in their respective countries



The one-day forum, hosted by the Ministry of Economy was opened by Sultan bin Saeed Al Mansouri, UAE Minister of Economy



Addressing the forum, Al Mansouri said that this forum presents for the UAE-based companies an opportunity to create a platform for exchanging experiences, aspirations, challenges and strategies in key promising and emerging markets around the world. And it also encourages entrepreneurs from the UAE to benefit, he added



Quoting the United Nations Conference on Trade and Development (UNCTAD), the minister said the total cumulative outflow of foreign direct investment by UAE companies is estimated around Dh350 billion. Those investments were aimed at different sectors including telecom, energy, sustainable energy, ports, real estate etc, he added



Al Mansouri said that the UAE has maintained its leadership in the Middle East and Africa in foreign direct investment abroad, reaching 2.5 billion in 2012, an increase of 358 million and a growth rate of 16 per cent compared to 2011. The number of FDI projects of the UAE abroad increased by 26.5 per cent to 220 compared to 174 in 2011



Al Mansouri also launched the second edition of 'The Highflyers' book and the first of its kind smartphone applications that contains success stories of over 120 UAE-based companies and provides the ability for the international business community to directly reach the key decision makers in these companies. Speakers and panelists at the forum mainly talked about achievements by UAE Highflyers in overcoming the different challenges across the different sectors and regions. They also discussed the impact of changing political and economic conditions on the operations and investments of the Highflyers companies and emergence of new expansion strategies



Drydocks World and Maritime World chairman Khamis Juma Buamim, in his keynote address, talked about mastery in going international. He said: "We have strong and sustainable economy. We also have incredible credibility and without any doubt competence.



That's the reason people are interested to do business with UAE companies, he added. He also mentioned Drydocks World's achievements during the past couple of years. During panel discussions, speakers at the forum discussed their companies achievements and also shared challenges. They also talked about the necessary things companies look for while entering a new country



Majid Jafar, chief executive officer 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", in which he how 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 given for all UAE companies from the highest leadership of the UAE 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.



"UAE companies have already successfully invested in over 100 countries worldwide, and we as 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. 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," he added


 


Khaleej Times




  MENA News Headlines
 Dec 21 2014 - UAE slams non-OPEC members on rising oil productionMENAFN
(MENAFN) The UAE's Ministry of Energy said that the decision made by the Organization of the Petroleum Countries (OPEC) not to cut production was correct despite the prices continuing with their drop ...

 Dec 21 2014 - Oman's OLC, Spanish CLH sign USD320m contractMENAFN
(MENAFN) Orpic Logistics Company (OLC), a joint venture between Oman Oil Refineries and Petroleum Industries (Orpic), announced it has signed an engineering, procurement and construction (EPC) ...

 Dec 21 2014 - UAE's Hakkasan acquires USD36m The Light GroupMENAFN
(MENAFN) Hakkasan Group, the hospitality and entertainment company owned by Abu Dhabi-based Tasameem Real Estate, announced it has acquired The Light Group from Morgans Hotel Group (MHG), Arabian ...

 Dec 21 2014 - Omani OPWP awards Singaporean firm USD250m water projectMENAFN
(MENAFN) Oman's state-owned Oman Power and Water Procurement Company (OPWP) announced it has awarded a consortium led by the Singaporean Hyflux Ltd and National Power and Water Co a USD250 million ...

 Dec 21 2014 - Oman's SGRF boosts acquisition of local assetsMENAFN
(MENAFN) Oman's State General Reserve Fund (SGRF) announced it has boosted its buying of assets in the local market, particularly shares, due to the massive drop in the prices as the result of the ...

 Dec 21 2014 - Oman's Napco revenue hits USD34.95m in 9MMENAFN
(MENAFN) Oman's National Aluminum Products Company (Napco) announced it has registered a net profit of over OMR USD1.25 million as well as revenues totaling to USD34.95 million during the ...

 Dec 21 2014 - Dubai's Nakheel to restart USD550m Vietnam projectMENAFN
(MENAFN) Nakheel, the Dubai property developer, announced that it will propose a plan to restart a delayed project in Vietnam's northern province of Quang Ninh, which has an estimated value of USD550 ...

 Dec 21 2014 - Etihad Cargo records tonnage high in NovemberMENAFN
(MENAFN) Etihad Cargo, the freight division of UAE flag carrier Etihad Airways, announced it has carried 53.292 tons of cargo in November across its global network, thus achieving an all-time record ...

 Dec 21 2014 - Cold weather forecastJordan News Agency
(MENAFN - Jordan News Agency) The weather is expected to be relatively cold in most parts of the Kingdom and fair in the Jordan valley and Aqaba.Clouds will build up during the evening increasing ...

 Dec 21 2014 - Israeli warplanes bomb southern Gaza StripJordan News Agency
(MENAFN - Jordan News Agency)  Israeli warplanes bombed dawn Saturday, east of Khan Younis in the southern of Gaza Strip.This attack is the first since the end of the Israeli aggression on the Gaza ...

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