posted on 29/08/2012: 966 views
The Mozambique capital city of Maputo has seen the launching on Monday of the 'Maputo International Trade Fair', in which the UAE Ministry of Foreign Trade (MOFT) is taking part through a delegation that includes a number of national companies and institutions from both the private and public sectors.
The Ministry of Foreign Trade's stated objective of participating in the 48th edition of the annual fair is to promote UAE investments, strengthen the country's trade exchange and explore existing opportunities in the African continent.
The international event, which is seeing the participation of over 1500 international companies and entities and is attended annually by over 60 thousand visitors was officially inaugurated by Mozambique's President Armando Emilio Guebuza, who visited the UAE's country pavilion and met with the MOFT officials and UAE company and commercial entity heads and representatives taking part.
MOFT officials presented a commemorative gift to the president, who in turn welcomed the UAE's participation in the fair pointing out to the latter's strengthening economic and investment prowess both regionally and globally. The President went on to emphasise the importance of seeking to launch direct commercial flights between the UAE and Mozambique in order to further strengthen commercial exchange between the two countries in particular and the African continent as a whole.
Taking part in the UAE Country Pavilion, are a number of UAE government entities and companies that include the Dubai Chamber of Commerce and Industry, the Free Trade Zone Authority and Department of Economic Development of Ras Al Khaimah, in addition to a number of large UAE companies such as Al Jaber Group, Emaar Properties, The Dahra Agricultural Company and others.
For his part, Mohammad Hamdan Al Zoaby, head of the Trade Promotion Department at MOFT, underlined at the fair the importance of the African market to the UAE within the framework of the country's strategy of diversifying investment opportunities for public and private UAE companies and institutions. Al Zoaby pointed out that Mozambique possesses a multitude of investment opportunities especially in sectors such as "oil and gas; agriculture; fisheries; coal, gold and diamond mining and infrastructure". The Emirati official also added that the African country enjoys a strategic location in the continent as it is surrounded by the Indian Ocean to the east, Tanzania, Malawi and Zambia to the North, Zimbabwe and South Africa to the West and Swaziland to the South.
Al Zoaby added that the UAE delegation at the fair will be holding a series of meetings and discussions with a number of other institutions and entities throughout the duration of the fair, which is scheduled to last until the 2nd of September, 2012. – Emirates News Agency, WAM
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