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Mohammed bin Zayed receives Marubeni's CEO

posted on 08/11/2006: 1934 views



General Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces received in Abu Dhabi yesterday Nobuo Katsumata, President and CEO of Marubeni Corporation, one of Japan's leading business concerns.



They reviewed the outlines of a business deal to be concluded Wednesday between Abu Dhabi's General Holding Corporation "GHC" and Marubeni Corporation. Under the deal, a new joint venture will be set up in Abu Dhabi to export and market the Emirate's products through Marubeni's network of 121 commercial offices worldwide.



Sheikh Mohammed welcomed the deal and expressed hope that it would further enhance cooperation between public and private sectors in both countries. He reiterated the UAE leadership's commitment to providing all necessary support for promoting joint investments. For his part, Katsomata thanked Sheikh Mohammed and the UAE leadership for their support and expressed hope that the new deal would open the door for broader cooperation between the two countries. (Emirates News Agency, WAM)

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