UAEIIC and JOIN sign MoU to enhance cooperation and build investment capabilities02 Mar 2023
UAEIIC and JOIN sign MoU to enhance cooperation and build investment capabilities
Abu Dhabi, 02 March 2023, The UAE International Investors Council (UAEIIC) and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) based in Tokyo, signed a Memorandum of Understanding.
The MOU IS FOCUSING on expanding the circle of coordination and investment cooperation between the two INSTITUTIONS to serve common interests, to be a nucleus on which to build to encourage more partnerships between the business communities and private sector companies from both sides, build their capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa region, in a number of areas of common interest, especially in potential infrastructure and transport projects, in a way that contributes to achieving the aspirations of the two institutions and supports their development efforts. It was signed from the UAEIIC side by His Excellency Jamal bin Saif Al Jarwan, Secretary General of the UAE International Investors Council, and from the JOIN side, by His Excellency Tatsuhiko Takesada, President and CEO of the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN).
The agreement was signed in the presence of H.E. Akio Isumata, Ambassador of Japan to the UAE, H.E .Rashed Saud Al Shamsi, BOD Member of UAEIIC, Mr. Faisal Khouri, VP, Packaging, MEA- Borouge, and a number of representatives from both sides, on yasterday Wednesday, 01 March 2023 at the Council's headquarters at the Ministry of Economy in the UAE capital, Abu Dhabi.
On this occasion, His Excellency Jamal bin Saif Al Jarwan, Secretary General of the UAE International Investors Council, said: "We are pleased today to sign this agreement with the Japanese "JOIN" Foundation to enhance the role of the private sector, stimulate growth, create appropriate projects and opportunities for investment and establish new economic partnerships.
He added: "This agreement reaffirms the UAE International Investors Council's was chaired by His Excellency Abdulla Bin Touq Al Marri, Minister of Economy, approach to building bridges of cooperation and complementary work with relevant international institutions and parties, to create constructive partnerships and support the Council's ambition to achieve the growth of UAE investments, as this agreement will contribute to creating new paths that support the growth of mutual investments on the one hand or through potential investments on a wider international scale on the other hand, especially in light of the changes in the global economy, geopolitical events and the effects of climate change, the need for Advanced infrastructure capable of withstanding disasters and climate change, which requires huge investments on a large scale, in order to develop infrastructure in the markets of the region and Africa.
H.E. Tatsuhiko Takesada, President and CEO of the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN), said: "We are pleased with this agreement, as the purpose of this MOU is to coordinate and cooperate with each other on potential projects from the early stages, especially ON PROJECTS RELATED TO infrastructure, urban development and transport projects, in the United Arab Emirates (“UAE”) and the third countries, especially the Middle East and North Africa region, to drive sustainable growth.
He explained that the two countries have great ECONOMIES, WHICH ARE BASED ON knowledge, technology, experience, financial CAPABILITIES and STRONG INTERNATIONAL reputation through which to access the markets of the Middle East and Africa.
JOIN continuously intends to be involved in the overseas transport and urban development projects from the early stages, cooperating with host governments and related parties, to facilitate THE ENTRY OF THE Japanese companies through the creation of a business environment that encourages their participation in overseas projects.
<About UAEIIC (https://uaeiic.ae/en/）>
The UAE International Investors Council (UAEIIC), was established in 2009, aims to contribute to supporting the economic development of the United Arab Emirates, and for UAE investments abroad to be supportive tributary to the national economy based on e inimical diversification, innovation and knowledge to enhance sustainable competitiveness of UAE. By uniting the efforts of Emirati investors abroad and actively contributing to overcoming the challenges facing their investments through continuous coordination with the competent government agencies and foreseeing the future.