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MoE, Abu Dhabi DED officials visit UAE Pavilion at Hannover Messe to promote UAE Economic Vision

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(Globalpost/GlobalPost)

Abdulla Al Saleh, Representative of UAE Ministry of Economy, and His Excellency Mohamed Omar Abdullah, Undersecretary of the Abu Dhabi Department of Economic Development (ADDED), visited the UAE Pavilion during Hannover Messe 2013. Hannover Messe is the world's largest, and most important, industrial show. The UAE is participating with a large delegation led by the Ministry of Economy.

The officials met with representatives of the 24 government entities, private companies, industrial organizations, and exporters that are taking part in the exhibition. The officials discussed with the representatives the UAE Economic Vision 2021 and their role in helping meet its objectives through their participating in this internationally prestigious exhibition. The representatives are encouraged to engage visitors to the pavilion and discuss how the UAE is working to diversify its economy, developing the an investment environment, and creating strong economic and trade relations with the rest of the world.

The officials are excited by the high attention the UAE Pavilion is attracting, with large crowds visiting and expressing interest in the country's growth and the investment opportunities it has to offer.

Abdulla Al Saleh, Representative of UAE Ministry of Economy commented: ""Hannover Messe is one of the most important exhibitions in the world that has been attracting the latest developments in the field of industry and technology. It assumes significance with its aim to achieve sustainability in a world that is witnessing new advancements in technology every day." He pointed out that development of the industrial sector is critical to all countries, considering the vital role of industries in supporting modern economies. As a result, industry focused exhibitions have become important global platforms in the development process, he said.

Al Saleh said the Ministry of Economy, under the direction of Sultan Bin Saeed Al Mansouri, Minister of Economy, is keen to participate in Hannover Messe as well as other global events and benefit from the knowledge and experience offered at such platforms. Events such as Hannover Messe add value to the Ministry's efforts to achieve excellence in its services, Al Saleh added.

Mohamed Omar Abdullah, ADDED Undersecretary said, the Abu Dhabi government supports local companies in their pursuit to build bridges and channels of communication to international markets and transferring technological know-how. This is especially important in the industrial sector, which Abu Dhabi is pursuing to diversify its economy and achieve the sustainable development goal set in the Abu Dhabi Economic Vision 2030 (Vision 2030).

Since 2004, when the United Arab Emirates and Germany signed a successful strategic partnership, the two countries have achieved growing cooperation across domains. This reflects the sincere willingness of top officials from both nations to deepen and expand bilateral ties. Additionally, reciprocal high-level visits have been common in light of available and promising investment opportunities.

He added, the government has directed ADDED to achieve sustainable economic development. Increasing the contribution of the non-oil sector to real gross domestic product (GDP) is critical to achieving this primary Vision 2030 objective. A key factor to meeting the objective is the growth of non-oil sectors, especially the industrial sector.

Between 2013 and 2016, Abu Dhabi's official forecast for annual real GDP growth is 5.7%. . During the same period, annual real GDP grow for non-oil sectors is projected to be 6.5%.

Beginning in 201X, for a five year period, the Executive Council has approved AED 330 billion (US$90 billion) investment for development projects. A significant proportion of the investment is allocated for the Abu Dhabi's private sector to contribute to economic diversification objectives.

The Undersecretary also highlighted ADDED's March opening of the Abu Dhabi Business Centre. The Abu Dhabi Business Centre is facilitating business licensing procedures to reduce the time and expenses related to starting a business in the emirate. This will have a positive effect on increasing investment. By increasing the number of business start-ups, it will contribute to diversification and meeting socio-economic objectives of the Vision 2030.

In 2011 and 2012, UAE-German trade experienced significant growth 5.2% and 23.7% respectively. In 2012, Germany's growth in trade to Arab markets was 21%. More specifically, in 2012, German exports to the UAE and all Arab markets were 30% and 16.8% respectively. After the UAE, Saudi Arabia and Egypt are leading export markets for Germany in the region.

Between 2010 and 2012, Abu Dhabi-German non-oil trade increased 8.6%, and German exports to the emirate increased 7.5%. In 2012, Abu Dhabi exports to German soared 36%.

In 2012, according to the Financial Times Group, the UAE attracted 328 new investment projects, with a value of US $12 billion; a 3.7% increase over the previous year. . The most cited reasons for investment into the UAE are expected local market growth and efficient business environment.

The Global Competitiveness Index 2012-2013, ranks the UAE 24th, among 144 countries. The UAE is ranked 6th for its comprehensive infrastructure quality,and 2nd for its road quality. The government has been recognized ranked 3rd for its procurement of advanced technological solutions..

The UAE Pavilion in Hannover Messe includes: UAE Ministry of Economy, Abu Dhabi Department of Economic Development (ADDED), Abu Dhabi National Oil Company (ADNOC), Etihad Rail, Khalifa Industrial Zone Abu Dhabi (KIZAD), Abu Dhabi Quality and Control Council (QCC), Abu Dhabi Chamber of Commerce '&' Industry (ADC), SENAAT General Holding Corporation, Western Region Development Council (WRDC), ZonesCorp , Hamriya Free Zone Authority, Government of Ras Al Khaimah, Sharjah Investment and Development Authority (Shurooq), Dubai Silicon Oasis Authority (DSOA), Abu Dhabi National Industrial Projects Co. (ADNIP), Abu Dhabi Pallet Industry (ADPI), Alsa Solar Systems Ltd, CIRTA, Neopharma, Nexus Business Services, Spectrum General Trading LLC, SREC Abu Dhabi, Union Pipes Industry LLC (UPI), and Visuals Green Interactive Solutions.

Dr. Nasser Saif Al-Mansoori, Etihad Rail CEO, commented: "Etihad Rail is proud to be part of the UAE pavilion at the Hannover Messe, as it will provide an excellent platform to showcase the UAE's changing transportation landscape. We are grateful for the UAE's Department of Economic Development's invitation to participate alongside them at one of the world's leading trade fairs, as it provides our organization with an opportunity to present the progress we have made towards developing the UAE's rail network.

Hannover Messe also provides Etihad Rail with an excellent opportunity highlight to potential global customers the benefits of using our rail network to transport materials to key industrial areas, sea ports and border crossings throughout the UAE and across the region. At this year's Hannover Messe, our focus will be on introducing the rail network to global manufacturers and exporters, and highlighting how this new safe, fast, reliable and environmentally-sound transportation network will enhance trade between Asia, Europe, and the rest of the Middle East."

Khaled Salmeen, CEO '&' Managing Director of the Khalifa Industrial Zone Abu Dhabi (KIZAD), at Hannover Messe stated: "This is Kizad's third consecutive participation at Hannover Messe and it has become a fixture on our annual calendar of events. Being here gives the industrial world an opportunity to meet Kizad and find out why the growth of many businesses in the West today depends on industrial zones like ours. Our aim at Messe is to meet and inform leading companies of the investment opportunities that Kizad and Abu Dhabi have to offer. We are part of the UAE pavilion and would like to take this opportunity to thank Abu Dhabi's Department of Economic Development for inviting us to be part of the UAE delegation representing our Nation's capital, Abu Dhabi".

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