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DUBAI / WAM
The Ministry of Foreign Affairs and International Cooperation (MoFAIC) has signed Memorandums of Understanding (MoU) with several national consultancy firms, with the aim of strengthening their cooperation and supporting the flow of foreign investment to the country.
The signing of the MoUs took place on Sunday at the ministry’s office in Dubai, and the list of consultancy firms included the Corporate Group, Dubai Consultancy, the “OnTime†Group and Nexus Business Services.
HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, highlighted the importance of building national strategic partnerships, to improve the country’s investment environment and enable UAE investors to further create economic partnership with other countries, as well as to attract more foreign investment to the UAE, based on the growing relations between the UAE and other countries.
Sheikh Abdullah said that UAE is characterised by an active and flourishing economic and business environment, which is attracting FDI. The country also succeeded in strengthening its stature as an international destination for finance and business, in line with the UAE Vision 2021, which aims to promote overall innovation in priority sectors to ensure the country’s future, as well as to make innovation, research, science and technology the key pillars of a productive and competitive knowledge-based economy, which is driven by entrepreneurs in a stimulating business environment and encourages active partnerships between the government and private sectors, he added.
The MoUs were signed by Mohammed Sharaf, Assistant Minister of Foreign Affairs and International Cooperation for Economic and Trade Affairs, and the CEO’s of the relevant firms.