19/01/2017 07:47 AST
The UAE Ministry of Economy (MoE) has signed a Memorandum of Cooperation, MoC, with its counterparts from Japan on key aspects concerning innovation and small and medium enterprises, SMEs, to promote joint initiatives, knowledge and technology transfer, the exchange of experiences, and the streamlining of business operations of SMEs located across the UAE.
The initiative is in line with the Ministry’s agenda for enhancing and expanding this important sector so that it can better support the national economy and raise the UAE’s regional and international competitiveness.
The Memorandum was signed by Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, and Japanese Minister of Economy, Trade and Industry, Hiroshige Seko.
The UAE delegates who witnessed the signing ceremony included Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade and Industry, Juma Mohammed Al Kait, UAE Assistant Under-Secretary for Foreign Trade, Abdulla Sultan Alfan Alshamsi, Assistant Under-Secretary for Industrial Affairs, and a number of senior ministry officials.
The Japanese delegation comprised Kanji Fujiki, Ambassador of Japan to the UAE, and a number of Japanese economic officials and diplomats.
A Memorandum of Cooperation between the RAK Investment Authority, RAKIA, and Takenaka Middle East was also signed on the sidelines of the event and involves a joint venture project in Ras al-Khaimah for setting up a manufacturing plant for anti-rust material which uses the highest standards in precision technology.
Yasser Abdullah Al-Ahmad, Head of Government and Institutional Relations for RAKIA, signed the Memorandum.
Minister Al Mansouri said that the economic relations between the UAE and the Republic of Japan serves as an important model of joint cooperation characterised by a clear vision and pioneering development plans, aimed at realising the aspirations of the two countries.
The Gulf Today
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