Dubai FDI Dubai Exports on business tour to four US cities

Date

3/19/2016 11:51:33 PM

(MENAFN- Khaleej Times)

Dubai Investment Development Agency or Dubai FDI an agency of the Department of Economic Development or DED in Dubai along with Dubai Exports the export promotion agency of DED is on a tour to four cities in USA connecting with businesses investors and trade facilitators as part of a mission aimed to attract North American industries and investment into Dubai.

The trade mission facilitated by the UAE Embassy in Washington DC and the US-UAE Business Council also has representatives from Dubai South Tecom Dubai Silicon Oasis (DSO) and Emirates. The itinerary includes presentations meetings and site visits in Orlando Dallas Denver and San Francisco to introduce the focal points of Dubai's economic development strategy and share insights on successful investment projects.

Fahad Al Gergawi CEO of Dubai FDI said Dubai and its entities have always played a stellar role in facilitating US-UAE trade and particularly in connecting major points in the US to the Middle East and beyond. "US remains number one among major FDI source markets for Dubai and the scope of our partnership has expanded significantly in recent years. With the emphasis being given to knowledge-based economic activity and innovation in the UAE Vision 2021 and the Dubai Plan 2021 opportunities for such bilateral engagement have further increased. Between 2015 and 2016 Dubai FDI has visited eight US cities and the momentum is visible across improved air connectivity and bilateral trade too" said Al Gergawi.

Engineer Saad Al Awadi CEO of Dubai Exports remarked that Dubai's manufacturing logistics and transport infrastructure presents an attractive proposition for US businesses looking to move closer to their overseas clients and target new and emerging markets effectively.

Danny Sebright President of the US-UAE Business Council said bilateral trade between the US and UAE exceeded $25.4 billion (Dh93.2 billion) in 2015 surpassing all other US trade partners in the broader region including Turkey and India.

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