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UAE economic policy to eye industry: Mansouri
TASHKENT- To cope with global economic and financial transformations, the UAE economic strategy will seek to open up new markets for national products and industries at growing economies, UAE Minister of Economy Sultan Al Mansouri said today.
“In view of the international financial crisis, it is important for the new UAE economic policy to help national products foray into viable emerging markets and expand the base of UAE exports, the UAE minister said at talks with Uzbek counterpart Khodjaev Botir Asadillayevich.
“The UAE economic policy will focus in the coming period on new vital sectors like industry and tourism by attracting and encouraging local and foreign industrial investment, operating new flight routes to major parts of the world and diversifying the base of economy so as to raise the share of non-oil economies in the GDP to over the current level of 62.1 per cent,”he added.
He stressed the importance of striking a balance in the balance of non-oil trade of the UAE with its trade partners by developing a vibrant industrial sector and opening up new foreign markets for UAE industrial exports.
The Uzbek minister said bilateral relations were deep thanks to mutual visits and agreements the two countries signed for boosting joint cooperation. He said his country was seeking to lure foreign investment under a diversified economic programme.
He outlined the investment potentials his country would offer to investors. The two ministers explored mechanisms for tapping investment opportunities in the two countries and establishing joint ventures.
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