UAE seeks to invest big in world’s agriculture markets

RICHMOND / WAM

Saud Al Nowais, Commercial Counselor at the UAE Embassy in Washington, said that the UAE seeks to strengthen its investments in promising agricultural markets in various countries to serve its goals towards enhancing global food security.
Speaking during the eighth annual Governor’s Conference on Agricultural Trade, which was opened by Virginia Governor Terry McAuliffe, Al Nowais said that the UAE is moving away from its dependency on the oil sector and is developing policies to revitalise non-oil sectors, become more open to international markets, and strengthen its external partnerships.
“The UAE plays a significant role in terms of facilitating the movement of trade at the regional and global levels due to its unique geographical location and its sophisticated infrastructure and legislations that support the growth of this vital sector,” he said.
During the conference, he also pointed out that the country offers tremendous opportunities in the trade of agricultural and food products, as it serves as a gateway for producer and consumer markets. “The UAE provides many business opportunities for US companies, and easy access to various Middle East and Africa markets,” said Al Nowais.
“The UAE has been the largest export market for America in the Middle East for the last six years,” he added.