HE Mohammed Omar Abdullah, Undersecretary of the Department of Economic Development in Abu Dhabi opened today at the Department the seminar entitled Exporters Logistics Tools, with the participation of more than 60 companies and factories in the emirate of Abu Dhabi. The seminar is meant to shed light on the best international practices in the development of export capabilities, to enable companies to take advantage of logistics tools, and standards to improve the quality of their exports and raise competitiveness at the regional and international levels.
His Excellency the Undersecretary of the Department of Economic Developmensaid in his opening speech of the seminar, that the organizing of this event lies within the role and responsibilities stipulated by theThe law No. (2) of 2009 Concerning the Establishment of the Department of. Economic Development, intended to support and develop foreign trade and exports in the Emirate by providing services, facilities and incentives to increase domestic exports and enable penetrating regional and global markets.
His Excellency indicated that Abu Dhabi Economic Vision 2030 goals focus on increasing non-oil exports to 11% of the total GDP of the Emirate,, and that the Department of Economic Development is entrusted with the responsibility to develop and implement initiatives to support exports and render facilitating services and incentives to current and prospective exporting companies in the Emirate of Abu Dhabi.The Undersecretary, HE Omar Mohamed Abdulla, expressed his enthusiasm that this symposium will achieve its goals to help national and foreign companies operating in Abu Dhabi to contribute to the economic growth in the Emirate, through the application of the best international standards and practices to promote mechanisms of export, and benefiting from the optimal use of the tools export logistics tools.
HE Mohamed Omar Abdulla confirmed that the Government of the Emirate of Abu Dhabi is keen to set proper grounds for establishment of development projects, and sound infrastructure, to effect the overall development in the Emirate of Abu Dhabi, as set and by the Abu Dhabi Economic Vision 2030.Mohamed Omar emphasized that the development and modernization introduced by Abu Dhabi Ports Company in Khalifa Port, is a major milestone in the renovation of infrastructure, which contributes to the provision of support and development in Khalifa Industrial Zone -Abu Dhabi “KIZAD” as a major industrial zone in the region. HE stressed that this major development project would help companies and factories in Abu Dhabi to develop and improve their exports to the countries of the region and the world, benefiting from the wealth of services and facilities provided with international standard. There is no doubt that Khalifa Port and Industrial Zone is one of the largest investment projects implemented by Abu Dhabi government for developing infrastructure in support of the Emirate's economy in the long run; next to other projects, as it will provide global logistics services for companies and factories operating in Abu Dhabi”. His Excellency added.
Mohammed Omar Abdullah explained that the total value of Abu Dhabi non-oil foreign trade according to the latest statistics, increased during the second quarter of this year increased by AED 8.99 to reach AED 34.46 billion, growing at 35.3% compared to the second quarter of 2010, as it amounted to AED 25.47 billion. His Excellency said that imports achieved an increase of AED 4.3 billion, growing by 20.2%; while the increase in non-oil exports was valued at AED 4.31 billion, achieving a growth rate of 262.2% amounting to AED 5.95 billion. Re-exports amounted to AED 0.39 billion, increasing by 15.4%. His Excellency the Undersecretary of the Department of Economic Development confirmed that the UAE in 2010, was ranked 24th worldwide, according to the World Bank logistics performance index, pointing out that this classification emphasized that UAE enjoys a modern and advanced infrastructure, and clear procedures for companies importing raw materials and exporting value-added products.
For his part, Dr. Adeeb Al Afifi, Director of Foreign Trade and Exports Supporting, at the Department of Economic Development, said that the seminar aims at providing information and elaborating companies and factories in Abu Dhabi pertinent to logistics services that will help them to apply international practices in transporting of goods and services from the point of origin to point of consumption. Dr Al Afifi emphasized that this will lead leads to cost-effective logistics services for companies; and enables them to enjoy competitive advantage, as well as increased revenue and profits. Dr. Adeeb Al Afifi noted that the seminar provides an opportunity for participants to acquire direct information from the consulting firm that will provide a detailed presentation on how to take advantage of logistics tools to support exporters, which will help them to take sound decisions on topics related to export logistics.The consulting firm implementing the subject matter of the seminar, provided a presentation on the many topics that aim to equip companies with the basics of export logistics, and responded to inquiries and questions from the audience, which focused mostly on the illumination and clarification of international practices in this regard and their application, according to the procedures and laws in place within the State.