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7/17/24, 1:53 PM Minister of Economy meets with his Japanese counterpart to explore strengthening of partnerships in new economy - Middle East N…

The meeting discussed the importance of providing programs and facilities that will accelerate the growth of
startups in both markets, increase their investments and facilitate their exports’ access to new markets, as
well as encourage SMEs and entrepreneurs to invest in new economy sectors. These efforts will contribute to

increasing the SME sector’s contribution to the GDPs of the two countries.

Furthermore, the two ministers explored the strengthening of cooperation in the field of tourism and the need
to launch joint initiatives to promote the most prominent tourism and historical attractions in both the UAE and
Japan. Currently, there are more than 140 flights connecting the two countries every month, operated by the
UAE’s national carriers, making it easier for travelers to capitalize on the UAE and Japan’s tourism diversity.

The meeting also touched upon cooperation in technology and knowledge transfer between the two countries
and leveraging the Japanese experience in advanced technologies such as robots, artificial intelligence and

manufacturing.

H.E. Bin Touq invited the Japanese Minister to take part in the fourth edition of Investopia, scheduled to take

place in February 2025, in order to take advantage of the promising economic and investment opportunities
in the UAE, which is a global hub for business and investment for many of the fastest growing markets in the
world.

Last Updated on 1 day by Middle East News 247

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