UAE-Ghana Business Forum Discussed Oportunities for Commercial and Investment Cooperation

UAE-Ghana Business Forum Discussed Oportunities for Commercial and Investment Cooperation
07 September 2018 -
  • UAE-Ghana Business Forum  Discussed Oportunities for Commercial and Investment Cooperation
    UAE-Ghana Business Forum Discussed Oportunities for Commercial and Investment Cooperation UAE-Ghana Business Forum Discussed Oportunities for Commercial and Investment Cooperation

The UAE-Ghana Business and Investment Forum was kept in Ghanaian resources of Accra lately, in the visibility of reps of numerous government agencies, investment entities, financial authorities as well as businessmen from both nations. The discussion forum, which stood for an essential action in furthering connections between the UAE as well as Ghana, went over ways to reinforce existing connections and also expand teamwork in vital private sectors of mutual interest.

H.E. Abdullah Bin Ahmed Al Saleh, Undersecretary of the Ministry of Economy for Foreign Profession Affairs, who led the UAE delegation, said at the forum that the UAE-Africa bilateral connection is a vital one, connected to development throughout positive financial signs and also verified the UAE's keenness to improve financial connections with other countries on the planet, combine networks of company partnership as well as work together with various other countries for important projects.

H.E noted that the UAE seeks to strengthen economic connections with the Republic of Ghana and also take them to greater elevations, in the context of the fast growths across Ghana, which is just one of one of the most established economies in West Africa.

H.E Al Saleh said that profession in between Ghana and the UAE has grown rapidly for many years, driven primarily by numerous financial investment jobs. He added that the overall volume of trade exchange between both nations stood at USD 1.2 billion in 2017 as well as today, Ghana is quick becoming a key market for the UAE. A number of UAE firms are investing in Ghana, especially in fields like facilities, interactions as well as tourism, which reflects the Ghana Government's efforts to strengthen its economic situation, draw in financiers as well as develop strong collaborations with the private sector.

UAE's proximity with the African continent makes it a convenient profession partner, H.E said, including that UAE's worldwide acknowledgment as a worldwide node for profession as well as re-export as well as its vital function in the Belt and Road Effort, would certainly lead the way for more powerful partnership with Ghana and also various other West African nations in future.

He explained that the UAE had obtained top rankings in several local as well as global signs, such as inhabiting the top spot in the Middle East region as well as 30th in the world in regards to its capacity to bring in foreign direct investment. He additionally claimed that Internet inflows of Foreign Direct Investment (FDI) to the UAE rose to USD 10.4 percent, which made it the top Arab country, representing 36 percent of the overall FDI inflow of Arab countries. It was likewise rated 21st around the world and also 1st amongst the Arab nations in outgoing FDI flows, making up 42 percent of FDI streams from the Arab region to the globe, for 2017.

Bilateral meeting with the Ministry of Trade of Ghana

H.E. Abdullah Bin Ahmed Al Saleh met with H.E Hon Robotic Ahomica, Minister of Trade as well as Sector of Ghana, in the existence of H.E Khalifa Yousif Mohammed Al Zaabi, UAE Ambassador to Ghana, and also reviewed methods to boost collaboration, strengthen investment possibilities and also boost profession exchange in between the UAE and also the Republic of Ghana.

The meeting assessed the most recent landmarks in the bilateral partnership in between both nations, and methods to improve shared collaboration to attain the development goals of both countries.

H.E. Al Saleh said that both the UAE as well as Ghana have benefitted from a market-based economy powered by a liberalized international trade plan which the UAE is working faithfully to penetrate more recent markets within Ghana, particularly in essential fields of mutual interest, like air travel and also transportation, technology, farming, mining, water resources, renewable resource, export as well as import as well as financial investment. He included that several of the various other important areas of collaboration consisted of engagement in profession fairs and expos and improving bilateral gos to in order to exchange experiences. H.E likewise asked for the facility of a representative office of Ghana in the UAE, to advertise higher connections.

H.E Hon Robot Ahomica, Minister of Trade and Industry of Ghana welcomed the UAE delegation, and also said that Ghana was keen to reinforce mutual ties and encourage deeper participation, in the light of the impressive successes achieved by the UAE and the strong connections that existed in between both countries.

He examined the most recent advancements in Ghana considering that the presidential elections in 2017 as well as stated that the Ghana government aims to boost its good looks to international financial investments by 2020 as well as take a qualitative jump ahead on the toughness of numerous advancement components offered in Ghana, as well as by focusing on collaboration, empowerment and also support. The minister likewise highlighted the possibilities offered for UAE investments, particularly in the petrochemical sector, in addition to financial investment possibilities in the light weight aluminum and also Iron and also Steel sectors, while going over various other networks of partnership between both nations.

The UAE delegation consisted of Mohammed Nasser Hamdan Al Zaabi, Director of Commercial Promotion at the Ministry of Economy; Tariq Al Hashemi, representatives from the External Relations and Partnerships department at the Abu Dhabi Department of Energy, and many high-ranking officials from the Ministry of Commerce and Industry of Ghana.

Forum Event

The two-day business and also investment discussion forum in between the UAE and also Ghana included numerous workshops and display the experiences of company entities in both countries to find the best collaboration chances. More than 80 conferences were held in between businessmen from both sides.

The UAE's delegation consists of many of agents of The Abu Dhabi Department of Energy, DP Globe, Sharaf Group, Al Kendi Team, Sawaeed, and a lot of firms and business entities in the country.