Page 430 - Ministry of Economy - December 2017

ADDED meet promotes investments, exports

Gulf Today3 week
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.
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 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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