Page 50 - MOE ENGLISH PR REPORT - DECEMBER 2024

Press Release

new heights, deepening collaboration and partnership to support the continued growth and
prosperity of both countries’ economies.”

H.E. emphasised the UAE’s commitment to strengthening the economic collaboration with Japan,
particularly in the sectors of advanced technology, clean energy, and circular economy. H.E also

outlined the significance of leveraging the achievements made in investment sectors and trade
activities to achieve sustainable growth that benefits both parties.

Additionally, H.E. Bin Touq met with representatives from prominent Japanese companies,
including Yukikazu Myochin, CEO of K-Line, Takamasa Harda, Executive Director of JEPLAN

Group, and Yukari Hara, Chairman of the Board of Directors of PENACO. The meeting explored
future opportunities for strengthening cooperation and facilitating the growth of Japanese

companies in the transportation, logistics, and clean energy sectors within the UAE, especially in
the transportation of energy resources and basic materials.

Strategies to incorporate principles of circular economy into sectors of the new economy and
identify opportunities for companies to flourish in sustainable maritime transport and logistics

services were reviewed during the meeting. The discussions also reflected upon innovative
solutions to reduce carbon emissions and promote sustainability in the transportation sector,

particularly considering the UAE’s position as a leading global and regional hub for maritime

transport.

H.E. Bin Touq asserted that the UAE is an ideal partner for Japanese companies seeking to expand
their presence in the region due to its competitive economic environment, advanced infrastructure,

and prominent legislative ecosystem. These factors position the UAE as a global hub for

establishing and practicing business, making it one of the most attractive investment markets
worldwide.

H.E. Bin Touq invited the Japanese business community and Japanese companies operating in the

UAE to take part in the fourth edition of Investopia, scheduled to take place in February 2025. The
event offers a significant platform to leverage the promising investment opportunities available in