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UAE Minister of Foreign Trade H.E. Sheikha Lubna Bint Khalid Al Qasimi and Lord Davies of Abersoch, the British Minister of Trade, Investment and Small Business,
inaugurated the Emirati-British Businessmen Meeting hosted by MoFT in Abu Dhabi last week.
Attended by officials, businessmen and investors from both countries, the meeting was held in line with MoFT initiatives to enhance communications between the business communities of the UAE and the UK and leverage the visit of the British Minister to the Emirates.
The commercial delegation of 70 British companies joined discussions on promoting investment opportunities and increasing foreign investments in the Emirates. The gathering also focused on how to boost UAE exports to the UK market.
In her speech, Sheikha Lubna affirmed the UAE's commitment to strengthening business and economic partnerships with the UK and raising bilateral trade to higher levels by capitalizing on numerous investment opportunities and strong business and economic potentials.
Sheikha Lubna explained that the UAE was able to successfully overcome the global financial crisis and has moved towards positive economic growth.
She attributed this success to the policies, procedures and facilities upheld by the country, the diverse and robust national economy, and the increasing role of the non-oil sectors which she revealed contributed more than 66 per cent to the national GDP last year. She said that these key factors have strengthened the world's confidence in the UAE economy; contributed to an influx of international companies - especially from Britain - to the UAE, and increased their investments across the various sectors of the national economy.
H.E. stated that the UAE records several new foreign investment companies coming into the country on a daily basis. She explained that these organizations seek to leverage the competitive advantages of the local market, achieve their strategic and expansion plans and expand their business and