|08 July, 2019

The Corporate Group amongst UAE's official ‎Trade & Investment delegation to South Africa

The majority of African ‎trade to GCC is generated from South Africa, and over 50% of this share is coming to the ‎UAE.

Ayman Al Awadhi_TCG Group managing Director

Ayman Al Awadhi_TCG Group managing Director

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.‎

‎-Ends-

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

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