Page 433 - Ministry of Economy

Page 433 - Ministry of Economy - December 2017

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12/25/2017 gulftoday.ae | ADDED meet promotes investments, exports

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ADDED meet promotes investments, exports
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December 04, 2017 Print Send to Friend
ABU DHABI: The Abu Dhabi Department of Economic Development (ADDED) has organised a two-day training workshop at its
headquarters, in cooperation with the Ministry of Economy, entitled, ‘Policies of Encouraging Investments and Export.

The workshop provided participants with an analysis of the government’s strategies to promote exports and attract investments, by
providing practical analytical tools to study and encourage Emirati exports.

The workshop was attended by Industry Development Office representatives, which is part of ADDED, as well as representatives of the
Education and Knowledge Department, the Ministry of Economy, the Urban Planning and Municipalities Department, and Abu Dhabi
Ports, along with representatives of private sector companies concerned with exports.

The workshop, moderated by Dr. Belqassem Al Abbas from the Arab Institute for Planning in Kuwait, discussed a range of issues, such as
development, the importance of promoting exports and investments and related development policies, as well as an analysis of the
global output value chains, commodity space analysis, and developing export development strategies. GALLERY

Dr. Adeeb Afifi, Director of the Foreign Trade and Exports Support Administration at ADDED, said that the workshop is part of series of
activities and seminars organised by the department, which aim to provide incentives and assistance for the private sector, to increase
Abu Dhabi’s level of exports to other countries by encouraging non-oil exports, with the aim of achieving the goals of the Abu Dhabi
Economic Vision 2030 of increasing the value of the emirate’s non-oil exports to 11 per cent of its GDP.

He added that the participants of the first session of the workshop’s first day discussed the major economic and development PANORAMA
characteristics of the emirate’s export and investment sector, as well as its level of income and the economic growth and role of trade in
the UAE’s development, in order to highlight the structural characteristics that should be considered, while drafting a development
strategy for encouraging investments and exports.

He went on to say that the second and third sessions addressed the issue of how to draft this development strategy, and the policies of
diversifying exports by developing the local investment and competitiveness environment, as well as improving the emirate’s
competitiveness, to increase its level of exports and investments in high-value-added sectors.

WAM

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