ABU DHABI, 24th January, 2017 (WAM) — The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and the Pakistani Business Council held a joint discussion on possible projects to improve business and investment opportunities between Abu Dhabi and Pakistan.
Abu Dhabi’s vision for economic growth and the potential for new economic projects will make it a leading force for growth and investment in the region, according to the Director General of the ADCCI, Mohammed Hilal Al Muhairi.
The emirate can offer exceptional opportunities for investors in various economic sectors with its perfect environment for new investments, he stated. This is due to a sharp rise in the national economy as a result of government incentives, along with the development of the country’s non-oil related economic sector.
The seminar to discuss potential business and investment opportunities between Abu Dhabi and Pakistan was organised by both institutions and was attended by the First Deputy Chairman of the Chamber, Ibrahim Al Mahmoud; Assistant Under-Secretary of the UAE Ministry of Economy for Foreign Trade Jumaa Mohamed Al Keit; CEO of Abu Dhabi Securities Exchange Rashid Al Baloushi, and more than 150 other delegates including presidents, managers, businessmen and investors.
Al Muhairi considered the seminar an opportunity to discuss possible investments in the economic sectors that Abu Dhabi has focused on, as well as to discuss its economic role, in both, the region and around the world.
He also highlighted its economic accomplishments from 2015 to 2016 and laid out its vision for economic growth between 2017 and 2030, as a result of its considerable economic achievements.
According to Al Muhairi, revenue from non-oil-related economic activities has started to increase, while the value of direct foreign investments increased by 8 percent to AED95 billion at the end of 2016, compared to AED88 billion at the end of 2015. This reflects the competitive environment for businesses and its attractiveness to foreign investors, in accordance with the economic vision for 2030.
Al Muhairi described the economic and investment qualities which the emirate of Abu Dhabi enjoys as unique. One of the most important qualities is the special network of relationships which connects the emirate with the international community, in addition to the many benefits which the specialised economic zones, and the Khalifa Industrial Zone “Kizad”, “Masdar”, and “Twofour 54” offer to investors and international companies looking to work and invest.