Page 314 - MOE ENGLISH PR REPORT - JULY 2024

7/29/24, 3:41 PM PRESSR: H.E. Bin Touq discusses ways to enhance cooperation in new economy, tourism, entrepreneurship and transport sectors …
The Minister of Economy said: "India is a strategic economic partner to the UAE

and we look forward to continuing to work with our partners in the Indian

government in sectors and areas of mutual interest. Our joint efforts will
contribute to enhancing the distinct economic partnership between the two

countries, thus supporting the growth and sustainability of both economies."

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.

H.E. also invited the two Tamil Nadu ministers to participate in the 4th 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

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