UAE Economy Minister Sultan bin Saeed Al Mansouri has showcased the economic fundamentals and features of the investment environment of the UAE in front of Spanish officials on the sidelines of his visit to Barcelona.
This came during a meeting organised by the Chamber of Commerce and Industry of Barcelona in the presence of its president, Miquel Valls, and a number of senior officials from both the public and private sectors.
In his presentation, Al Mansouri shed light on the investment and economic environments in the UAE, presenting the most prominent sectors of the economy that can achieve successful investment partnerships between the two countries.
He emphasised the historic trade and diplomatic relations and friendship between the UAE and Spain, where the UAE is Spain’s gateway to the Middle East and North Africa region, where trade rates have grown in the last 10 years, reaching $8.3 billion.
He also highlighted the economic policies of the UAE that focus on diversification and openness highlighting a number of vital economic sectors in the UAE in which it can be good platform for common investment projects with the Spanish side, such as aviation, tourism, hospitality, retail, industry, oil and gas, renewable energy, financial services, logistics and education.
Al Mansouri stressed the fact that the investment environment in the UAE is supported by security, political stability and world-class infrastructure. This in addition to strategic location of the UAE as a global trade hub which provides access to all regional and global markets, in addition to the effective laws and regulations that protect investments and low taxation and exempted tax income. He also shed the light on the ability of the national economy to achieve growth even under regional and global conditions.