The UAE International Investors Council to Discuss the Means to Develop and Protect National Investments in Global Markets07 Jul 2022
Presence established in more than 60 countries
The UAE International Investors Council to Discuss the Means to Develop and Protect National Investments in Global Markets
Bin Touq: Our goal is to promote Emirati Investments abroad in the areas of priority; namely, food security, digitization, renewable energy, and space
The meeting explored the benefits the local companies of the Indian, Israeli, and Indonesian markets could gain by holding Comprehensive Economic Partnership Agreements
Abu Dhabi, 07 July 2022:
H.E. Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of the UAE International Investors Council, stated that the UAE International Investors Council has succeeded in establishing itself as an essential efforts consolidation platform for the private and public sectors. In fact, the Council has been adopting a clear vision aimed at supporting and protecting the interests of Emirati companies and investments within global markets, namely in more than 60 countries around the world. In Addition, the portfolio of the Emirati member companies is deemed as one of the biggest portfolios in the Arab World and Western Asia.
The Statement was given during the thirty-second board meeting of the Council, held as a video conference, chaired by H.E. Abdulla Bin Touq Al Marri, and attended by H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, H.E. Jamal Saif Al Jarwan, Secretary General of the UAE International Investors Council, along with the council members who represent the Government Entities and the Private Sector.
The meeting explored the activities and programs carried out during the second quarter of 2022, in line with the council’s strategy aimed at protecting the interests of the member companies, and the council’s role in supporting and enabling decision-makers to adopt the most suitable policies that would serve the interests of national companies and investments abroad and assist at deciding upon the relevant preventive and proactive policies and measures upon facing the current regional and international economic status quo.
The meeting also discussed the benefits offered by the Comprehensive Economic Partnership Agreement conducted between the United Arab Emirates and India, Israel, and Indonesia, and the opportunities for the local companies in these countries to serve the prospective trends of the countries within many economic sectors.
H.E. Abdulla Bin Touq Al Marri explained that the UAE International Investors Council is currently adopting a clear vision aimed at fostering Emirati investments abroad, preserving the interests of the country, paving the way toward new markets, and capitalizing on the economic and commercial agreements connecting the United Arab Emirates to many promising regional and international economic markets, namely within the fields of priority, such as food security, logistic services, digital technologies, renewable energies, and space, among other fields aligned with the vision and directives of the Wise Leadership of the Country and in line with the transformation of the UAE Economic Model into a more flexible, sustainable, and open model keeping pace with the technologies of the future.
The council’s members have deliberated upon many key matters on elaborating new mechanisms supporting national companies in international markets, and inciting such companies to expand their investments within sectors serving the objectives of the country in this respect, especially since the Emirati investments abroad have succeeded at establishing a competitive reputation for the country in many vital economic sectors and industries, such as aviation, air transportation, mining, logistics, ports, infrastructure, renewable energy, information and communications technology, tourism and hospitality, banking and finance, agriculture, food and pharmaceutical industries, and others. Such investments are known for being strategic and long-term investments contributing to the creation of new job opportunities and the generation of added value revenues in favor of the host countries and economies.
The UAE International Investors Council, established in 2009, aims at supporting the UAE economic development path, ensuring that the Emirati investments abroad support the local economy through diversity, innovation, and knowledge fostering sustainable competitiveness through consolidating the efforts of the Emirati investors abroad and successfully contributing to minimizing the challenges they face through insights and continuous coordination with the competent governmental entities.
The UAE International Investors Council consists of twenty members: Abu Dhabi National Petroleum Company (ADNOC), Mubadala Investment Company, E&, formerly known as Emirates Telecommunications Group (Etisalat), Abu Dhabi Ports Group, DP World, Dubai Investments, Majid Al Futtaim, Sharaf Group, Dragon Oil, Crescent Petroleum, Air Arabia Group, Lulu Group International, AlNowais Investment Group, Lifco Group, Lulu Financial Holdings Group, Borouge, Valtrans, Yah Satellite Communications Company (Yahsat), Gulf Pharmaceutical Industries (Julphar), and APA Investments.