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ADCED showcases its fundamental role in sustaining Abu Dhabi's economy at local and global conferences
2013-12-22 13:19:02
WAM ABU DHABI, 22nd December, 2013 (WAM) -- In its commitment to showcasing its fundamental role in sustaining the Emirate's growing economy and empowering the role of the private sector in the economy's development, Abu Dhabi Council for Economic Development (ADCED), represented by the Director-General, has participated recently in a number of local and global conferences: the annual Abu Dhabi Business Groups Forum, the Abu Dhabi and Singapore Joint Forum (ADSJF), the Abu Dhabi and Tokyo's Economic Councils' joint meeting, and the ninth Ministerial Conference of the World Trade Organisation (WTO).

The annual Abu Dhabi Business Groups Forum, which was organised in collaboration between the Jordanian businessmen association, the Irish Business Council in Abu Dhabi, and Abu Dhabi Businesswomen Council, targeted the local and international business community to discuss mutual business interests, including the role of female entrepreneurs in building a diversified economy and the prospects for Abu Dhabi business environment's growth. In this regard, ADCED's Director-General participated as a panellist, shedding light on the fundamental aspects that would enable the development of Abu Dhabi's industries using a world class infrastructure.

At the Abu Dhabi and Singapore Joint Forum (ADSJF), which was held at the Marina Bay Sands Hotel in Singapore, ADCED's Director-General attended the conference as a forum expert, delivering a presentation about the recent development in the Emirate of Abu Dhabi and the U.A.E., and identifying priority areas of business, energy, and investment cooperation between the Emirate and Republic of Singapore entities.

Meanwhile, at the Abu Dhabi and Tokyo Economic Councils' joint meeting that took place at the Capitol Hotel in Tokyo, the U.A.E. delegation, which was led by Nasser Ahmed Al Sowaidi, ADCED's Chairman, discussed various topics of mutual interest including the development of a sustainable economy, and current economical projects. In this regard, ADCED's Director-General delivered a presentation about the status of the Abu Dhabi Economic Vision 2030, highlighting the importance of enlarging the enterprise base, reducing GDP volatility through diversification, and enhancing competitiveness in order to build a sustainable economy.

The ninth Ministerial Conference of the World Trade Organisation (WTO) took place in Bali, Indonesia, and was attended by trade ministers and heads of 159 member states. ADCED joined the U.A.E. delegation, which was led by Sultan bin Saeed Al Mansouri, Minister of Economy, to debate on the salvaging of long-stalled efforts to liberalise trade, and reach a modest agreement on key trade issues in hopes to keep alive the stumbling 12-year-old drive to slash international trade barriers.

Commenting on ADCED's participation, Fahad Saeed Al Raqbani, the Director-General, stated, "On an ongoing basis, ADCED aims to join efforts with its counterparts in order to promote competitiveness, economic exchanges in investment and develop business enterprises. With its strategic partners, ADCED aims to identify business development opportunities, provide business communities in Abu Dhabi and elsewhere with industry expertise, discuss the continuing economic roadmap, and share market information in order to create mutual prospects to develop trade, business and investment at local, regional, and international levels." WAM/MZ/CM
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