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Dubai FDI hosts symposium on investment essentials

Partnership initiative with JAFZA and Ministry of Labour aims to build awareness on investment climate and growth opportunities in Dubai and the UAE

Dubai, 17 December, 2011: Dubai FDI, the foreign investment promotion arm of the Department of Economic Development ( DED ), held an introductory symposium on investment essentials in the UAE and ways to develop business as part of its strategy to promote foreign direct investment (FDI) inflows and support entrepreneurs and investors to grow globally. The symposium was held in partnership with the Links Group , Ministry of Labour and Jebel Ali Free Zone ( Jafza ).

"Dubai FDI is committed to boosting the local business environment, promoting investment across all economic sectors in Dubai and the UAE and launching promising initiatives and programmes to increase FDI inflows to drive comprehensive growth. The symposium was aimed to increase awareness on the business environment, investment opportunities and the facilities extended by the government," said Mr Fahad Al Gergawi, Chief Executive Officer of Dubai FDI.

He added: "We are currently in the process of developing and implementing various strategies to promote awareness among the business community in collaboration with the public and private sector stakeholders."

Al Gergawi also lauded the cooperation with Ministry of Labour and Jebel Ali Free Zone ( JAFZA ) and their commitment to promoting the UAE as a competitive investment destination through global compliance initiatives, legislation and regulations.

The symposium was attended by 60 high-profile public and private sector representatives in the UAE and included two lectures. Stuart Curtis, General Manager UAE in Links Group , who delivered the first lecture, spoke about doing business in Dubai and the UAE while the second lecture had Ahmed Ibrahim from the Business Registration and Licensing Division of DED , speaking on global practices in setting up a business.

"Dubai continuously seeks to cement its position as a distinguished international investment destination with a fast-expanding infrastructure and platform for global growth," Al Gergawi added.

Saif Al- Suwaidi, Director of Service Centres Department at the Ministry of Labour, stressed the importance of the symposium in spreading awareness on the UAE business environment. He said that the Ministry plays a crucial role in attracting FDI inflows through easing procedures and implementing global compliance legislations such as the law on freedom of labour movement.

Mansoor Al Bastaki, regional manager - Europe at the Economic Zones World - Jafza narrated the services and programmes that Jafza provides to help businessmen build new capabilities and bring in more investments into Dubai, emphasising Jafza 's cooperation with Dubai FDI at all levels in this regard.

-Ends-

About Department of Economic Development ( DED ):
The Department of Economic Development ( DED ) is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE. DED supports the structural transformation of Dubai into a diversified, innovative service-based economy that aims to improve the business environment and accelerate productivity growth.

DED and its agencies develop economic plans and policies, identify and support the growth of strategic sectors, and provide services to domestic and international investors and businesses.

About Dubai FDI:
Dubai FDI, Dubai's official foreign investment office, works with the Department of Economic Development to promote investment opportunities in Dubai, support international investors to establish a presence here whilst taking advantage of Dubai's strategic location to access the MENASA region. Dubai FDI assists in the identification of sector specific opportunities, provide connections to a network of both government and non-government partners, and provide support throughout the investment lifecycle from setup to growth..

© Press Release 2011