Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai Exports invites local firms to capitalise on opportunities in fast-growing Central Asia  Join our daily free Newsletter

MENAFN Press - 11/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) Dubai Exports, the export promotion agency of the Department of Economic Development (DED) “ Government of Dubai, today hosted a networking seminar in partnership with the Trade and Export Middle East magazine to highlight business an investment opportunities across in Central Asia



The 'Trade & Investment Central Asia' seminar brought together diplomats as well as experts in doing business and evaluating prospects across varied industry sectors in Central Asian countries, chiefly Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan.



Speakers at the seminar led the audience through the investment landscape of Central Asia and the economic strategies of the individual countries, which drives demand for varied goods and services, including Islamic Finance. Major exports to Central Asia and the strategic advantages that the UAE has in reaching out to this promising region were also discussed



Engineer Saed Al Awadi, Chief Executive Officer of Dubai Exports, remarked in his opening address that businesses in the UAE can be a major presence in Central Asia, supplying to various sectors from oil and gas extraction to food processing and packaging.



"The Central Asian region has a healthy appetite for imported goods and in some cases is willing to pay more for quality, innovative technology and service. The services sector especially has strong prospects in the increasingly diversifying Central Asian economies," Al Awadi said, adding that Dubai is best-placed to be a major exporter and re-exporter to Central Asia



Speakers at the seminar included His Excellency Kubanychbek Omuraliev, Consul General of the Kyrgyz Republic in Dubai; Prasad Abraham, CEO - Kazakhstan, Al Hilal Bank and Liana Coyne, Director, Coyne Airways.



Central Asia has seen unprecedented economic growth since 2000 and it continues to reflect on domestic demand. Exports and imports increased eight-fold in Kazakhstan during the past decade while in Kyrgyzstan imports grew by two-and-a-half fold. Over the same period imports more than doubled in Tajikistan and grew four-fold in Turkmenistan. In Uzbekistan imports grew by more than three times.



Dubai Exports led a successful multi-sector trade mission to Kazakhstan in September 2012 to help local firms enter Central Asia in addition to attending KazBuild, the leading construction fair in Kazakhstan. In 2013 too Dubai Exports co-ordinated the UAE participation in KazBuild



"This year we hope to extend our participation at BakuBuild and Kazbuild. In the forthcoming period we hope to explore the possibility of arranging trade missions and participating in exhibitions in Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan," Al Awadi said



"Central Asia has a lot of untapped investment opportunities for UAE businesses because of its strategic location, abundant natural resources and proximity to the UAE. Hydrocarbons, construction, agriculture and Islamic finance have great potential in driving cooperation between both regions," commented Aparna Shivpuri Arya, Senior Editor, Trade and Export Middle East magazine



Dubai Exports seek to build export awareness among local companies and encourage them to start exporting and consider expanding to new markets. The agency has an innovative portfolio of services to meet the growing demands and challenges of the business community, including in building capacity and competitiveness.



About Dubai Exports
Dubai Exports, an agency of the Dubai Department of Economic Development, Government of Dubai, commenced operations in 2007. As part of the Economic Development Department of Dubai, its mandate is to facilitate trade from Dubai and establish itself as a world-class export development and promotion body by creating an enabling environment for Dubai's exporters. Dubai Exports has developed a range of value-added trade support services to UAE-based firms exporting through Dubai, for accelerated and profitable expansion of their businesses in foreign markets.

 


MENAFN Press




  MENA News Headlines
 Jan 27 2015 - Saudi- Dawn of a new era under King SalmanArab News
(MENAFN - Arab News) A new era dawned in Saudi Arabia on Monday under the leadership of Custodian of the Two Holy Mosques King Salman as citizens across the country expressed their confidence in the ...

 Jan 27 2015 - Saudi- Salman Obama set for strategic talksArab News
(MENAFN - Arab News) Custodian of the Two Holy Mosques King Salman will hold talks in Riyadh on Tuesday with US President Barack Obama on major regional and international issues a Royal Court ...

 Jan 27 2015 - SAGIA: Smooth transition highlights KSA's stabilityArab News
(MENAFN - Arab News) Saudi Arabia is committed to creating a world-class environment for investors said Abdullatif A. Al-Othman governor of the Saudi Arabian General Investment Authority.'The smooth ...

 Jan 27 2015 - Israeli Navy Sinks Palestinian Fishing Boat in Gaza, Kidnaps 4 FishermenQatar News Agency
(MENAFN - QNA) A Palestinian fishing boat drowned after Israeli navy ships fired rounds of live ammunition at it in Palestinian waters, west of Gaza city. The soldiers also kidnapped four ...

 Jan 27 2015 - Iraqs Shiite militias killed 70 civilians after IS rollback: Sunni leadersArab News
(MENAFN - Arab News) BAGHDAD: Sunni politicians and tribal chiefs from Iraq's eastern Diyala province accused Shiite militias on Monday of killing more than 70 unarmed civilians who had fled clashes ...

 Jan 27 2015 - Saudi- Infrastructure investment to continueArab News
(MENAFN - Arab News) Heavy spending on infrastructure education training and job creation initiatives would continue under Custodian of the Two Holy Mosques King Salman an expert said here.Mazen ...

 Jan 27 2015 - Saudi- Courts have SR6bn backlog of finance casesArab News
(MENAFN - Arab News) The Ministry of Justice has called on judges to deal with lawsuits involving commercial papers and other financial instruments even if these documents do not have the prescribed ...

 Jan 27 2015 - Saudi- SCTA suspends ongoing tourism festivalsArab News
(MENAFN - Arab News) The Saudi Commission for Tourism and Antiquities (SCTA) has decided to suspend the ongoing and planned tourism festivals in the Kingdom to mark the death of King Abdullah who ...

 Jan 27 2015 - Stray bullet hits boy 5 in RiyadhArab News
(MENAFN - Arab News) A five-year-old boy is in intensive care at a hospital in Riyadh after being struck by a stray bullet which is now lodged in his skull.Sultan bin Berm bin Abdul Aziz is being ...

 Jan 27 2015 - Saudi- Crown Prince Muqrin 'saved my daughter'Arab News
(MENAFN - Arab News) A 60-year-old Madinah woman says Crown Prince Muqrin saved the life of her daughter when he was governor of the city.Umm Mohammed a resident of Al-Ais province in Madinah said ...

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