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UAE well on recovery path: Mohammed to Forbes CEOs

posted on 23/10/2012: 2325 views



His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, attended a dinner banquet hosted by Dubai government at Armani Restaurant in Burj Khalifa in honour of 500 Global Forbes CEOs who are taking part in the Forbes Global CEO Conference, held for the first time in the Middle East.

The banquet was attended by Mohammed Abdullah Al Gergawi, Minister of State for Cabinet Affairs, Reem Ibrahim Al Hashimy, Minister of State and a number of senior officials.

Sheikh Mohammad welcomed Global Forbes CEOS and expressed his delight at meeting this elite group of world businessmen in the UAE, specifically in Dubai. He wished them success in their conference and that they would reach the desired goals of their company which selected Dubai to host such a major conference for the first time.

Sheikh Mohammad spoke about the success story of the UAE and Dubai. He said the UAE has managed to ride out the global financial crisis and its economy is well on the path to recovery.

Sheikh Mohammed recalled the days when Jebel Ali Port was built, thanks to the vision of the late Sheikh Rashid bin Saeed Al Maktoum

He also spoke about the establishment of the Emirates airline in 1985 which started with two small aircraft which later expanded into a large fleet serving over 160 destinations.

Sheikh Mohammed said during the first and second Gulf wars, most of the world's air and shipping lines avoided Dubai due to insurance risks.

"I made a decisive decision of guaranteeing insurance against any risks to the airlines and shipping lines and soon after, our airports and sea ports became vibrant again.

"We always seek to be number one. In the UAE and Dubai, we are number one in terms of investment, security, quality of stable life, economic and social progress and infrastructure. I know that you also want to be number one and that is why you are holding your conference in Dubai," he added.

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