Dubai: Having experienced strong economic years since formation, coupled with Dubai hosting Expo 2020, the UAE is one of the world’s most promising investment destinations for foreign companies. Encouraging factors such as the country’s political and economic stability along with the efficient and fast-growing capital markets, maintaining the UAE’s attractiveness to foreign investors from startups to Multinationals.
- Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, ruler of Dubai, has beforehand announced plans to increase this contribution to as high as 80 percent by 2021. This could be achieved through intensive investment in the industrial and tourism sectors, air and maritime transport, and import and re-export, as well as by supporting a range of projects and initiatives based on the knowledge economy.
Under the guidance of the national leaders, the UAE Ministry of Economy focuses to create a global-competitive & diversified economy based on knowledge & innovation; Emphasis on enacting & updating legislations that regulate & encourage economic activities; develop national industries & exports; provide services & encourage investments; streamline the small & medium enterprises sector (SME); protect consumer rights, intellectual property & diversify business activities based on global standards.
In perpetuation of The Corporate Group’s activities that align with the UAE Ministry of Economy vision’s , Mr. Ayman Al Awadhi- Group Managing director, was honored to be amongst the official UAE trade & Investment delegation to South Africa, partaking in multiple fairs under one roof: Africa big 7, SAITEX and the hotel show Africa. The trade week exhibitions, held last week from 23rd to 25th June 2019, at The Gallagher Convention Centre, Johannesburg- South Africa. The closure was for the South Africa-UAE Business Forum showcasing UAE Ministry of Economy’s efforts in Enhancing Exports and Investment Opportunities between the two countries. Interactive panel discussions from both parties’ professionals and promising networking marked the event.
About his participation in the trading week, Ayman Al Awadhi stated: “The majority of African trade to GCC is generated from South Africa, and over 50% of this share is coming to the UAE. South Africa is a country with rich diverse resources that benefit many industries and a key emerging market with a competitive tax rate and sophisticated financial market, hence it’s the perfect platform to access the broader continent. Therefore the UAE consider it as one of the important trade partners that offers a host of incentives to further attract foreign direct investments FDI’s to the UAE and a great investment exchange market, especially in agro-processing and machinery. South Africa has a high demand in those segments and UAE is one of its main suppliers”.
“The South Africa-UAE Business Forum emphasized and strengthened the opportunities of both countries to exchange ideas and skills in their field of expertise. It was indeed a move that has been much appreciated by South Africa and served to create a solid foundation for cooperation between the two sides in the future” Ayman added.
About TCG-The Corporate Group (TCG) is the holding company for leading business support service-based organization in U.A.E. TCG offers a wide range of solutions related to business setup and corporate services for small, medium and large companies both local and international.
TCG emerged in 2007 as the holding entity to the core subsidiary “Corporate Business Services (CBS). Additional subsidiaries developed afterward.
Being blessed with extensive experience and local know-how, the UAE partners have created a unique platform for companies who are looking for advice and support regarding their business operations in the region.
TCG has developed an array of services and packages giving with the flexibility to choose the service that suits companies needs and financial requirements. In order to obtain a strong business image and credibility, our clients’ only need is to be smart in choosing the right service and support with the right business partner that business requires.
© Press Release 2019