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35th Japan Cooperation Forum for the Middle East kicks off today in Abu Dhabi,and UAE-Japan Economic Council announced

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35th Japan Cooperation Forum for the Middle East kicks off today in Abu Dhabi,and UAE-Japan Economic Council announced

Monday, August 09, 2010
Japanese government officials, policy makers, business leaders, representatives from the private sector and their Middle East counterparts have met on Monday August the 9th at the Intercontinental Hotel in Abu Dhabi for the 35th Japan Cooperation Forum for the Middle East in Abu Dhabi, organized by the Japan Cooperation Center for the Middle East (JCCME) in collaboration with the Department of Economic Development in Abu Dhabi.The two days forum was inaugurated by H.E. Mohammed Omar Abdullah, Undersecretary of the Department of Economic Development in Abu Dhabi who described the forum as “a consolidation of the long and mutually-beneficial relationship between UAE and Japan”H.E. added that “UAE and Japan share the same concerns about the environment and sustainable development, the same passion for excellence, and the same dedication in terms of the continuous transformation of our economies”.He revealed that “There are more than 300 Japanese companies operating in the UAE, and total Japanese investments in the country recently amounted to some $ 300 million. Japan is a key investor in Abu Dhabi with a market share of Foreign Direct Investment into the Emirate of Abu Dhabi above 30%. “Before Concluding that “the bilateral relationship between the UAE and Japan is a model to follow by many standards, as it extends from trade to investment, and also social issues such as health and education”, he expressed the direct determination of Abu Dhabi “ to strengthen the investment ties with Japan, especially that the diversification strategy outlined in the Economic Vision 2030 offers many opportunities to the discerning investor”.Then Mr. Ahmed Abu Ghaida, Head of Business Development Committee, Department of Economic Development explained about the Economic Vision 2030 and the Economic strategy which will serve achieving this goal.Commenting to the media, Mr. Hideichi Okada, Director General of Trade Policy Bureau at the Japanese Ministry of Economy Trade and Industry, said that he realized that Abu Dhabi has a lot of investment opportunities of interest to the Japanese economic decision makers, especially in the priority sectors outlined at the economic vision 2030.As for Mr. Hiroshi Okuda, chairman of  JCCME, he stressed on the importance of further enhancing the multi-layered relationship as he described it.The two-days forum will host an elite list of speakers from the Japanese Government and the private sector, in addition to a number of Japanese ambassadors in the region.It will also feature five country reports presented by Mr. Toshiro Suzuki, Director General, Middle East African Affairs Bureau, and five Japanese Ambassadors in the MENA region; in addition to three business reports from  Sojitz Corporation,  The Bank of Tokyo-Mitsubishi UFJ, Ltd, and  Japan Cooperation Center for the Middle East. It will include five Activity Reports by the public organizations:  Nippon Export Investment Insurance (NEXI),  Japan Bank for International Cooperation (JBIC),  Japan International Cooperation Agency (JICA), New Energy Industrial Technology Development Organization (NEDO) and  Japan Oil, Gas and Metals National Corporation (JOGMEC).The forum will conclude with a panel discussion attended by Mr. Hideichi Okada, Vice-Minister for International Affairs, Ministry of Economy Trade Industry, Mr. Toshiro Suzuki, Director General, Middle East African Affairs Bureau, Ministry of Foreign Affairs, Mr. Junzo Shimizu, President CEO, Toyota Tsusho Corporation, Mr. Tsunehisa Katsumata, Chairman, Tokyo Electric Power Company and Mr.  Yoshihiro Shigehisa, Chairman Emeritus of JGC Group, JGC CorporationM. Iwao Okamoto, President of JCCME will conclude the two days forum with closing remarks, aiming at paving the way to an even better business relationship between Japan and UAE.JCCME was established in 1973, through the joint efforts of the Japanese government and the private sector, with the aim to develop and enhance relations between Japan and the MENA region. The forum was first held in Vienna, Austria since 1979.
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