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Lubna discusses investment opportunities with British counterpart

posted on 13/06/2007: 701 views

Sheikha Lubna Al-Qasimi, Minister of Economy met on Monday the British Minister of Trade and Industry Alistair Darling who heads a delegation to the UAE to tighten bilateral economic and friendly ties. The two sides discussed the ways to increase the trading exchange especially when there is diversity of investment opportunities in the UAE that has always been looking to develop other sectors rather than oil.

Tourism between UK and UAE and the developments of the talks between the GCC states and the European Union about the free trade treaty were the core of the discussions of the meeting.

Sheikha Lubna, refereeing to the boost of the economy and other developments in related sectors said that the UAE economy is remarkably growing in all sectors to cope with the policy of the government to diversify the economic sources especially when the GDP of 2006 was %23, 4 for Dh699 billion, the oil sector involvement was only %62, 5 of the total GDP and the foreign investment rated to USUS$12, 8 billion according to estimations of the IMF.

She welcomed the British and European investors and businessmen to profit from the investment opportunities that the UAE is offering. The non-oil trading between the two countries was more than AED 17 billion in 2005. (Emirates News Agency, WAM)


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