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UAE building productive relations with G20 member

nations

October 26, 2024 / 11:44 PM
Sharjah24 - WAM: Alongside the B20 meeting, the UAE hosted the UAE-Global Business Forum,
which was organised by the UAE Ministry of Economy in collaboration with the UAE Embassy and
Consulate in Brazil.

Attended by key business representatives from the G20 and guest nations participating in the B20
Summit, its goal was to build productive relations between the UAE and leading multinational
companies and to underline UAE’s role as a global trade and investment hub that can provide an
unrivalled gateway to markets across the globe.

The forum included discussions on potential areas of collaboration to expand trade and investment
opportunities, including renewable energy, technology, and food security.

Representatives of UAE companies then held meetings with their G20 counterparts in which they
explored new trade avenues and investment opportunities that align with the UAE’s long-term goals
for sustainable development.

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led the UAE delegation to the
B20 Summit, a gathering of approximately 1,000 high-level business representations from the G20
member nations, in Sao Paulo, Brazil.

The summit took place on October 24-25 under the theme “Inclusive Growth for a Sustainable
Future”, the summit provided a platform for the private sector to engage in discussions on
sustainable business practices, the efficiency of global trade, and the importance of inclusivity,
particularly in terms of women-owned businesses. The recommendations by participants at the
B20 Summit will be presented to G20 leaders during their summit in Rio de Janeiro in November.

The UAE participated in the B20 Summit as an invited guest of Brazil during its presidency of the
G20, which is a reflection of the UAE’s growing influence in global trade and investment.

The UAE delegation included Saleh Ahmad AlSuwaidi, Ambassador of the United Arab Emirates to
Brazil, Abdalla Shaheen, the Consulate General of the UAE in Sao Paulo, and Juma Mohammed Al
Kait, Assistant Undersecretary for International Trade Affairs at the Ministry of Economy, alongside
30 senior government officials and business leaders from various economic sectors underlining the
UAE’s commitment to fostering international cooperation and driving sustainable economic
growth.

Dr. Thani Al Zeyoudi, who addressed the meeting, highlighted how the private sector, through their
innovation and energy, can drive a new future for global trade, particularly through the development
of new technologies that can deliver greater efficiency and transparency.

https://sharjah24.ae/en/Articles/2024/10/26/ZX87