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UAE, Belarus stay focused on knowledge-based economy

Held in two sessions, the forum included presentations on the UAE Economy at a Glance by Al Mansouri, who highlighted the economic indicators and competitive business environment prevailing in the country.

Sultan bin Saeed Al Mansouri speaking at the UAE-Belarus Business Forum in Minsk. — Supplied photo

Dubai — As part of its efforts to encourage growth of bilateral investment and business potential between the business communities of Belarus and the UAE, the Dubai Chamber of Commerce and Industry organised the UAE-Belarus Business Forum on Tuesday in Minsk.

The strategic business forum organised in partnership with the Ministry of Economy of the Republic of Belarus, UAE Ministry of Economy and Belarus National Agency of Investment and Privatisation was held on the side lines of the official UAE Ministry of Economy delegation visit headed by Sultan bin Saeed Al Mansouri, UAE Minister of Economy, to the East European country.

Attended by Sultan bin Saeed Al Mansouri, Mohammed Ahmed bin Abdulaziz Al Shehhi, Undersecretary of UAE Ministry of Economy, Vladimir Zinovsky, Minister of Economy, Alexander Yaroshenko, Deputy Minister of Economy, Republic of Belarus, and over 40 Belarus and UAE Ministry of Economy officials and senior private sector representatives, the forum explored joint investment opportunities and areas of bilateral growth between the two trading partners.

Held in two sessions, the forum included presentations on the UAE Economy at a Glance by Al Mansouri, who highlighted the economic indicators and competitive business environment prevailing in the country while stressing that the visit aims to develop a road map for achieving positive results in raising the volume of trade five-fold through the next 10 years between the two countries.

Al Mansouri said: “The UAE’s unique investment environment and its strategic location are important attractions for foreign direct investments to the country. Its sustainable development achieved through legislative and regulatory frameworks and the provision of highly developed infrastructural and financial facilities further enhance the country’s status as a regional and global destination for investments.

Also, the UAE’s world-class free zones with their industrial and commercial sections provide specialised integrated services and convenient logistical support extended by the country’s much advanced air and sea ports which offer an easy gateway to huge consumer markets of nearly two billion consumers in the region.”

Al Mansouri added: “We are not only seeking investments but also expertise, talent and projects that help transfer knowledge and know-how for us to achieve the UAE Vision 2021, which emphasises on building a diversified and knowledge-based economy led by qualified Emirati people as well as the UAE Innovation strategy which will stimulate innovation in seven sectors including renewable energy, transport, education, health, technology, water and space while enhancing quality of life and taking our economy to new horizons.”

— business@khaleejtimes.com