Page 311 - MOE ENGLISH PR REPORT - JULY 2024

7/29/24, 3:41 PM H.E. Bin Touq discusses ways to enhance cooperation in new economy, tourism, entrepreneurship and transport sectors - Middle E…

Furthermore, H.E. Bin Touq reviewed the UAE’s efforts in developing the tourism sector, especially in light of
the objectives of the National Tourism Strategy 2031. The strategy aims to raise the country’s status as the

best tourism identity in the world, consolidating its position as a leading tourism destination; increase the
sector’s contribution to the national GDP to AED 450 billion; and attract new investments of AED100 billion to
the national tourism sector by the next decade.

Indian private sector invited to benefit from the potentials of UAE’s business environment

During his meeting with Dr. T.R.B. Rajaa, Minister for Industry, Investment Promotion, and Commerce in the
Government of Tamil Nadu, H.E. Bin Touq discussed a range of flexible economic policies and legislations in
both countries aimed at enhancing dialogue between the UAE and Indian business communities and

encouraging the establishment of new projects in various economic fields. In addition, H.E. invited Indian
investors and businessmen to take advantage of the opportunities provided by the UAE, especially its

logistics capabilities and economic facilities for establishing diverse business activities. The two countries
enjoy strong relations in the civil aviation sector with continued growth in air traffic between UAE and Indias
cities. Currently, there are 555 weekly flights connecting various cities of the two destinations, operated by

the UAE’s national carriers.

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H.E. also invited the two Tamil Nadu ministers to participate in the 4 edition of Investopia, scheduled to be
held in February 2025, as it will be a significant opportunity to discuss ways to benefit from the promising
opportunities that the UAE offers to investors from around the world, and to develop cooperation in various
economic sectors.

In yet another meeting, with Dr. A. Sakthivel, President of the Federation of Indian Export Organizations

(FIEO), H.E. Bin Touq highlighted the increasing opportunities for cooperation between the two countries in
export and re-export and supporting the growth of exporting companies operating in the UAE and Indian
markets.

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