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Abu Dhabi Investment Forum in Paris to showcase Abu Dhabi investment opportunities to more than 100 investors and businessman in France

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Abu Dhabi Investment Forum in Paris to showcase Abu Dhabi investment opportunities to more than 100 investors and businessman in France

Wednesday, May 08, 2013
Abu Dhabi Department of Economic Development, is set to organize the Abu Dhabi Investment Forum in Paris on 22 May, with the participation of a delegation of senior officials from a number of Abu Dhabi government departments, entities, councils and institutions which be headed by H.E. Nasser Ahmed Alsowaidi, the Chairman of Abu Dhabi Department of Economic Development, and attended by more than 100 businessmen and investors in France.The Forum will be opened by H.E. Nasser Ahmed Alsowaidi, who will deliver a speech to highlight the investment opportunities offered by the Emirate's package of development projects in a number of strategic sectors such as industry, infrastructure, finance and trade, alternative energy, education and other sub sectors, undertaken by the Government of Abu Dhabi, which are considered as an important factor in attracting foreign direct investment. H.E. Mohamad Omar Abdulla the Undersecretary of Abu Dhabi Department of Economic Development said that the Forum is part of a number of activities organized abroad by ADDED in cooperation with concerned government entities in the Emirate of Abu Dhabi, with focus on a number of friendly countries which maintain close and growing economic relations with the Emirate of Abu Dhabi in many areas. The Undersecretary explained the importance of this forum especially that France ranked as the second most important investor in the Emirate of Abu Dhabi in 2009 with investments of AED 3.2 billion, and accounted for 7.4% of total foreign direct investment in the Emirate, according to the last foreign investment survey conducted in 2009.H.E added that the Forum will also discuss the strengthening of cooperation between France and Abu Dhabi in many strategic economic sectors, which will contribute to increasing the levels of investment and bilateral trade between the two sides, to match the level of political relations between the two friendly countries.The Undersecretary indicated that Abu Dhabi's continuous Government support for development projects, and the recently announced investments of AED 330 billion for the next five years,  constitute great motivation for foreign investors to benefit from the spectrum of investment opportunities, particularly in the sectors of infrastructure, tourism, industry, business and finance, trade and alternative energy.H.E. Alain Azouaou, the French Ambassador to the United Arab Emirates, in turn emphasized that the timing of Abu Dhabi Investment Forum in Paris is, appropriate, and consonant with the economic boom in the Emirate of Abu Dhabi, in view of the economic growth and development which undergoes many sectors, particularly energy, industry, infrastructure, trade, which act as an important factor for attracting more investments to the Emirate.The French Ambassador said that the Forum would undoubtedly be an important stage and a turning point, in the economic relations between France and the Emirate of Abu Dhabi, as it concentrates on several strategic sectors, which are of interest to both sides. The Forum includes five panel discussions. The first panel on the industrial sector The second panel discussion will shed light on the energy sector; and the third panel will address transport and infrastructure sectors.The fourth panel discussion will be devoted to the education sector. The Forum will conclude its work with a discussion on the business and finance sector
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