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Lubna opens investment forum in Germany

Shaikha Lubna Al Qasimi, UAE Minister of Foreign Trade, inaugurated the UAE Investment Forum as part of the UAE’s dedicated pavilion at Hannover Messe, the international industrial and technology fair being held in Hanover, Germany.

The UAE Investment Forum will serve as a window into the investment potential and growth opportunities offered by the country for foreign investors and businesses.

Shaikha Lubna said: “One aspect that continues to draw us to Hannover Messe is its diversity. In a similar fashion, the UAE looks to diversity to fuel its growth. Our comprehensive economic diversification programme has enabled us to raise the contribution of our non-oil industries to over 70 per cent of our GDP.”

“Last year, the UAE’s industrial investments reached a record high of $ 31 billion to surpass the 2010 figure by 12.8 per cent. Our goal is to make our non-oil industrial activities account for 25 per cent of our economic output by 2025,” she added.

The UAE Minister for Foreign Trade said that innovation is important to the UAE’s vision of developing a resilient industrial framework. “Our various global recognitions have affirmed UAE’s strong commitment to innovation and technology-enabled development. We are also focused on renewable energy, as reflected in pioneering initiatives such as Masdar City, one of the world’s foremost eco-cities taking shape in Abu Dhabi.”

Shaikha Lubna added that the announcement in January by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to launch a long-term national initiative to build a ‘green’ UAE economy underlines the country’s vision for long-term sustainability. — business@khaleejtimes.com