Abu Dhabi, UAESaturday 20 July 2019

Dubai executives head to Detroit to promote trade

The mission, organised by Dubai FDI, will strengthen trade and economic ties with the states Indiana and Michigan
Dubai maintained fifth place in the global port cities ranking. AFP

Dubai FDI, the investment development agency of Dubai Economy, is on a second investment promotion mission to the United States this month with visits to Indianapolis and Detroit.

The value of non-oil trade between the US and UAE reached $24.28 billion (Dh89bn) in 2017. To date, there are more than 1,500 American companies registered in the UAE and around 50,000 US citizens living in the country.

The main objective of the latest visit is to strengthen trade and economic ties with the US states of Indiana and Michigan in the fields of technology, health care, agriculture, education, aerospace, transport and infrastructure, as well as highlight partnership opportunities between the two countries in the field of exports and investments.

With support from the Embassy of the UAE in Washington, executives from Dubai Exports, leading free zones in the emirate, the US-UAE Business Council and Emirates Airlines are all part of the mission.

"We will highlight all significant opportunities in the local market and how American companies - especially those involved in exports - can grow their business by capitalising on the many competitive advantages in Dubai as an investor-friendly city and regional or sub-regional hub for their business,” said Fahad Al Gergawi, chief executive of Dubai FDI.


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Updated: September 9, 2018 05:15 PM