Shuaa to promote UAE’s role in global economy

Shuaa to promote UAE’s role in global economy

Shaikh Maktoum finished by telling delegates that as the UAE continues to successfully diversify its economy away from hydrocarbons in line with UAE Vision 2021.



By Staff Report

Published: Mon 24 Nov 2014, 11:33 AM

Last updated: Tue 7 Apr 2015, 10:40 PM

Dubai — Shaikh Maktoum Hasher Al Maktoum, Executive Chairman of Shuaa Capital, addressed the CIMB 12th Annual Asia Pacific Leaders’ Conference in London this weekend where he emphasised the UAE’s increasingly central role in the global economy.

During a panel discussion on the Middle East and Asia, attended by a number of the world’s leading investors, Shaikh Maktoum Hasher Al Maktoum explained how the UAE has emerged as a gateway for international trade and as an attractive center for businesses in multiple sectors, including finance, tourism, real estate and infrastructure.

He noted that the UAE is now benefitting from the strong links the country has forged with major Asian economies over the past decade, while maintaining its enduring associations with traditional trading partners in the West.

Shaikh Maktoum Hasher Al Maktoum said: “In an increasingly globalised world, the UAE has been singularly successful at nurturing relations with economies in both Asia and the West. Consequently, the UAE today plays a vital role in the world’s economy, both as a gateway for international trade and as a hub for foreign direct investment. My visit to London was an opportunity to reinforce this message and build new relationships that will further enhance the UAE’s position at the heart of the global economy.”

Shaikh Maktoum finished by telling delegates that as the UAE continues to successfully diversify its economy away from hydrocarbons in line with UAE Vision 2021, with over 70 per cent of GDP attributable to sectors outside of oil & gas, the country is ready to play an ever more important role in enabling international trade between Europe and Asia. business@khaleejtimes.com


More news from Local Business