DUBAI / WAM
Dubaiâ€™s ambitious growth plans as well as policy focus on competitiveness and innovation have been explained to US investors and businesses during a series of â€˜Doing Business in Dubaiâ€™ seminars hosted recently across Orlando, Dallas, Denver and San Francisco, by a delegation led by Dubai Investment Development Agency, Dubai FDI, an agency of the Department of
Economic Development (DED).
In Orlando, the delegation addressed over 100 senior business executives in collaboration with the Central Florida International Trade Office and visited a number of research and development sites as Dubaiâ€™s focus on innovation and education dominated the discussions.
The high point of the delegationâ€™s visit to Dallas was a tour of the Alliance Texas, an inland port development and logistics zone with integrated residential, commercial and aviation operation facilities. Dubai South, being a new free zone, was particularly interested in the emphasis on efficiencies and a harmonious work-life balance in the Alliance Texas ecosystem.
“The trade mission to four US cities has succeeded in initiating and facilitating communication between Dubai South and its entrepreneurial, investor and business counterparts in the US. It was encouraging to engage with and learn from the expertise and knowledge of our US partners in a range of areas related to innovation, and research and development,” said Mohammad Al Falasi, Director, Business Development at Dubai South.
“Dubai South, an urban city development with a solid business ecosystem, is an unrivalled gateway to the Middle East, North Africa, and Asia, and the time is ideal for collaborations between North American manufacturers and investors, and Dubai South,” added Al Falasi.
The delegation held meetings with the State Economic Development Offices, VisitDenver, Denver International Airport and the Mayorâ€™s Office in Denver, in addition to site visits to a number of successful renewable energy projects. The Denver International Airport officials expressed strong interest in welcoming Emirates airline to their city.
“We were very impressed with the collaborative approach from the Dubai delegation. Not only did they use their visit to promote the vast opportunities for investment in Dubai, but they took the time to thoroughly engage with Denver leaders to build relations. Itâ€™s these relations that will serve as the foundation for future partnerships between Denver and Dubai,” commented Laura L.Jackson, Vice President, Air Service Development, at Denver International Airport.
In San Francisco, the Dubai delegation and Tesla Motors discussed collaboration on enabling the renewable energy pioneer to leverage Dubaiâ€™s position as a hub for the Middle East, North Africa and South Asia, MENASA. The delegation also visited SolarCity, a renewable energy integrator, to update them on the scope for renewables in the regional markets, and met with institutions known for excellence in innovation, including Stanford University and Google.
Expressing happiness over the mission and growing trade bilateral trade, Nasir Abbasi, Commercial Attache at the US Consulate in Dubai, said that UAE-US trade crossed US$25.4 billion in 2015, surpassing all other US trade partners in the broader region, including Turkey and India.
“I think the value of the trip was evident on all sides, be it the delegates, entities or individuals with whom they interacted. Our hope is that we can build this momentum, and we stand ready to support,” added Saud Al Nowais, the UAEâ€™s Commercial Counsellor in the US.
Danny Sebright, President of the US-UAE Business Council, said that the visit by the Dubai delegation highlighted the success of sectors with special interest to US companies looking to expand their
“Itâ€™s a testament to organisations like Dubai FDI, which so skillfully promote Dubaiâ€™s business-friendly environment and state-of-the-art infrastructure. Indeed, Dubai FDI is a valuable tool for government as well as private sector institutions and the US-UAE Business Council is proud to be a loyal partner.”