The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

Lubna invites Japanese firms to invest in UAE

posted on 25/04/2007: 766 views

Tokyo - Visiting UAE Minister of Economy Sheikha Lubna Al Qasimi called yesterday on Japanese businessmen to take advantage of the UAE's ultra-modern infrastructure, free market economy, flexible legal and business framework to expand their investment portfolios in the UAE.

'The UAE non-oil economy is making steady growth with the service sector being the star. The UAE foreign trade accounted for 142 per cent of the total GDP in 2006 thanks to the economic liberalisation policies adopted by the UAE,' Sheikha Lubna said in a key note address to the opening session of the UAE-Japan economic forum. The GDP grew by 23.4 per cent to Dh 599 billion in 2006 and non-oil sectors' share in the GDP rose to 62.5 per cent despite the high world oil prices.

'The UAE has adopted a long-term openness policy which seeks in the first place luring foreign direct investment and spur trade exchange,' she added. She also highlighted the vital role the tourism sector plays in the domestic economy, noting that the UAE welcomes holiday-makers whose number is far larger than its population thanks to the attractive tourism landmarks and modern infrastructure.

The UAE, she stressed, was revising and refining its laws and policies to provide fertile ground for businesses, citing the recent international reports which ranked the UAE among the leading countries in terms of competitiveness and transparency.

'Japan is a key importer of UAE oil and gas and one of the UAE's major strategic trade partners and we are looking forward to boost this strategic partnership to new heights,' she affirmed. Dubai, she said, has established itself as a competitive trade and finance hub with international standards at par with London, Singapore, Tokyo and Shanghai while Abu Dhabi is maintaining high profile in the petrochemicals and industry sectors.

Two-way trade exchange saw a big leap in 2006 standing at US$42 billion of which US$35 billion were UAE exports. Around 200 Japanese companies are operating in the UAE. (Emirates News Agency, WAM)


29 June 2017 Mohamed bin Zayed gets phone call from Bill Gates
22 June 2017 Mohamed bin Zayed, Serbian President discuss bilateral ties of friendship, cooperation
22 June 2017 Mohamed bin Zayed holds talks with French President
22 June 2017 Abu Dhabi Crown Prince, French FM discuss strengthening relations
14 June 2017 Mohamed bin Zayed and President of Russia discuss regional development, efforts to combat terrorism

Most Read