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Abu Dhabi Department of Economic Development heads a government delegation to highlight investment opportunities in Tokyo

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Abu Dhabi Department of Economic Development heads a government delegation to highlight investment opportunities in Tokyo

Sunday, February 05, 2012 News
The Department of Economic Development in Abu Dhabi will organize tomorrow Monday in the Japanese capital, the Abu Dhabi Investment Forum-Tokyo, with participation of a senior government delegation from Abu Dhabi headed by HE Nasser Ahmed Alsowaidi, Chairman of the Department of Economic Development. The forum aims to shed light on the most outstanding opportunities and investment incentives offered by the Emirate of Abu Dhabi in areas of infrastructure, energy, finance and industry, in view of the orientation of the leadership of Abu Dhabi to proceed ahead with the implementation of several major development projects. This Forum will reflect the interest of Abu Dhabi Government to promote economic and investment relations with Japan, especially that UAE is the biggest partner of Japan in the Gulf region.The organizing of the forum comes at the time when the balance of trade between UAE and Japan's, achieved a surplus in favor of the UAE, as the imports of Japan from UAE accounted for $ 29.2 billion in 2010, increasing by 28.4% compared to 2009. Japan's exports to the UAE reached $ 7.3 billion in 2010, rising by 12.4% compared to 2009. HE Nasser Ahmed Alsowaidi opening speech at the forum in Tokyo, will highlight the most important investment opportunities offered by the Government of the Emirate of Abu Dhabi in the coming years which would form the backbone of the strategic partnership between Abu Dhabi and Japan, by focusing on the development of bilateral trade and investment in non-oil sectors, especially the knowledge-base related fields of investment.The Forum includes five sessions, starting with an opening session key note speeches from both sides, followed by a presentation by His Excellency Fahad Al Raqbani, the Executive Director of the Economic Council of Abu Dhabi, and a panel discussion on the overall investment opportunities involving Abu Dhabi Economic Council, Mubadala and Abu Dhabi Chamber.The first session of the Forum will discuss investment opportunities in the industrial sector in the Emirate of Abu Dhabi. HE Mohammad Hassan Al Qamzi the CEO of the Higher Corporation for Specialized Economic Zones, HE Khaled Salmeen Al Kawari the Executive Director of the Khalifa Industrial Zone (KIZAD) and HE Salman Abdullah, Deputy Director of Operations at Emirates Aluminum ( EMAL), will lead the discussions panel together with officials from a number of relevant authorities in Abu Dhabi. The forum's second session will be dedicated to discussing investments in the energy sector, with participation of Mr. Bader Al Lamaki Director of Clean Energy Group Masdar and Sultan Al Muhairi, Director of Refining Marketing -ADNOC and Mohammed Salem Al Dhahery, Advisor- ADWEA. The third session will lay emphasis on the orientations of the Government of the Emirate of Abu Dhabi, and address the business community, investors and government agencies in Japan of the investment opportunities in the infrastructure sector. Discussions will be led by HE Falah Al Ahbabi, General Manager of Abu Dhabi Urban Planning Council, HE Richard Bowker, CEO - Etihad Rail and Vijay Poonoosamy, Vice President, Etihad Airways.The fourth session will discuss the investment opportunities in the financial sector where HE Salem Al Salem al Mazrouei, Director – Abu Dhabi Investment Authority- ADIA, and Qambar Ali Al Mulla, the Senior General Manager of NBAD International Banking Division, HE Rashid Al Baloushi, Deputy CEO of ADX, and Padmanabaha Mishra – ADCB.The Forum will conclude with a workshop in which a presentation by Khalifa Industrial Zone (KIZAD) will focus on the strategy of the zone, aimed at attracting international companies through the adoption of best industry practices in the region, offering investors a competitive low-cost operational environment, in addition to easy access to local and global markets, within an advanced sea, land and air transport network, which strengthened the global competitive position of the Emirate of Abu Dhabi.
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