The Dubai Funding Improvement Company (Dubai FDI), an company of Dubai Financial system, is chasing potential buyers and companions from Japan after initiating a sequence of webinars to focus on alternatives within the healthcare, meals and agribusiness and expertise sectors.
The webinars are aimed to allow stakeholders to proceed exploring and selling funding alternatives at a time when in-person commerce missions have been affected by coronavirus restrictions.
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Fahad Al Gergawi, CEO, Dubai FDI, mentioned: “Japan and the UAE traditionally have a powerful buying and selling partnership spanning a few years. This has develop into deeper and extra strong after the launch of the UAE’s Amal (Hope) probe to Mars from Japan’s Tanegashima Area Middle on 20 July 2020.”
The overall worth of non-oil commerce between the 2 nations has surpassed AED534 billion within the 11 years between 2009 and 2019, whereas greater than 10,000 Japanese firms, businesses, and types function within the UAE, he added.
Between 2015 and 2019, Japanese tasks introduced an estimated international direct funding (FDI) price AED1.04 billion into Dubai, in line with information from the Dubai FDI Monitor.
Fahad Al Gergawi, CEO, Dubai FDI
In 2019, FDI inflows into Dubai from Japan elevated by greater than 171 % over the earlier yr.
The digital outreach, being organised in partnership with the Japan Exterior Commerce Group (JETRO), kicked off final month with the healthcare sector in focus whereas webinar on the meals and agribusiness sector was held on Tuesday and the expertise sector outreach will comply with on November 4.
Muna Almaeeni, deputy head of the UAE Mission to Tokyo, mentioned: “Common dialogue between the leaders of the UAE and Japan, supported by strategic initiatives and commerce missions, has strengthened the bilateral relationship over time. Exploring new alternatives through webinars offers impetus to our current long-term partnership.”
The healthcare webinar noticed illustration from Dubai Well being Authority (DHA) and Dubai Healthcare Metropolis Authority (DHCA) in addition to Dubai FDI. Alternatives mentioned embrace centres of excellence in specialisations reminiscent of cardiology, neurology, and rehabilitation. The manufacturing of generic prescribed drugs and the manufacturing, gross sales, and repair of medical gadgets additionally continues to be areas of focus for funding in Dubai.
UAE’s Amal (Hope) probe to Mars from Japan’s Tanegashima Area Middle on 20 July 2020
Representatives from Dubai Municipality (DM) and Jebel Ali Free Zone Authority (Jafza) joined Dubai FDI on the webinar on the meals and agriculture sector at a time when Dubai is growing a sturdy meals and agriculture ecosystem as an efficient counter to potential worldwide provide chain disruptions.
Participation from Dubai Future Basis (DFF) and Good Dubai might be entrance and centre, alongside Dubai FDI, on the expertise sector webinar subsequent month.
Dubai has recorded progress in FDI throughout the first six months of 2020, with 190 tasks price AED12 billion, in line with information from Dubai FDI Monitor.
Medium and excessive expertise investments accounted for 53 % of FDI attracted by Dubai in H1.