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UAE delegation to explore investment opportunities in the Philippines, Malysia

Dubai: An economic and commercial delegation headed by Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, is set to visit the Philippines and Malaysia from Monday (February 24) to Friday (February 28) seeking to explore strategies for enhancing bilateral trade and investment relations.

The delegation includes ministerial representatives, local and federal authority officials, executives from private sector organisations, and a number of UAE national businessmen and investors.

During the five-day visit, the UAE delegation will meet with senior members of the economic and business community in the Philippines and Malaysia. The bilateral talks will address the potential for exchange of investments and the establishment of joint ventures that leverage the UAE’s global economic position. In addition, the delegation will seek to identify areas of co-operation in innovation and the creation of knowledge economies, especially with Malaysia that holds significant experience in the area. This agenda is a part of the UAE’s efforts to build a knowledge-based economy as outlined in the UAE Vision 2021. The UAE delegation will set a timeframe within which to achieve the identified areas of co-operation.

“Our visit to the Philippines and Malaysia reflects the UAE’s keenness to take the relationship we share with the two countries to the next level,” Al Mansouri said

“The UAE currently enjoys good relationships with both the Philippines and Malaysia. However, there is huge potential for growing this synergy. There are several untapped areas that need to be explored and identified for consolidating the alliance we share. As part of this priority, we will particularly seek to enhance bilateral relations in emerging sectors that are of mutual benefit. In addition, we will aim to strengthen the presence of the UAE in the Southeast Asia region. Given our country’s strong regional and international status, we will look to forge lucrative economic, commercial and investment partnerships besides attracting industry expertise and skilled manpower.”

The UAE’s delegation includes Abdullah Ahmad Al Saleh, Undersecretary of the Ministry of Economy, Khalfan Saeed Juma Al Kaabi, First Vice-Chairman of Abu Dhabi Chamber of Commerce and Industry, Saed Al Awadi, CEO of Dubai Exports, Obaid Saeed Al Dhaheri, Vice-President for International Affairs at Abu Dhabi Polymers Company (Borouge Petrochemicals).