Business Forum between UAE and Mauritius discusses investment promotion2018-10-26
The Federation of UAE Chambers of Commerce and Industry participated in the UAE-Mauritius Business Forum held yesterday in Port Louis, capital of Mauritius.
The forum, organized by the Ministry of Foreign Affairs and International Cooperation, the Federation of Chambers of the State, the Economic Development Board of Mauritius and the Chamber of Commerce and Industry of Mauritius, aims to introduce the attractive investment environment in the UAE, to explore the investment climate in Mauritius and to inform investors on both sides of investment opportunities in vital sectors of mutual interest.
The meeting was attended by Dr. Rashid Al-Afari, Chargé d’affaires of the State Embassy in Mozambique, who is not resident in the Republic of Mauritius, President of the Chamber of Commerce and Industry of Mauritius, Dr. Jamal Al-Sumaiti of the Dubai Judicial Institute and representatives from DP World, Civil Aviation Authority, , And corporate and investment officials in Mauritius.
On the sidelines of the forum, Hamid Mohammed bin Salem, Secretary General of the Federation of Chambers, reviewed the economic indicators of the UAE and the competitive advantages of the business environment in them. He pointed out that the visit aims to develop a roadmap or interim agreement that achieves many positive results and contributes to enhancing economic cooperation between the two countries. Over the next few years.
He said that the UAE is a preferred and attractive destination for foreign investments due to its unique investment environment, strategic location, and the existence of laws, regulations and simplified procedures.
He pointed out that the UAE provides investors, business owners and institutions with a legislative and regulatory environment that facilitates business, economic, financial and logistic infrastructure, which is among the best not only at the regional level but also in the world, and includes 40 specialized free zones.
Stressing that the markets of Mauritius are an ideal destination for the investments of UAE companies in real estate, manufacturing, hospitality industry and business services. He added that the Federation of Chambers and Members’ Chamber, which has more than 453 members during the first half of 2018, supports the presence of UAE companies in highlighting the global competitive markets. .
For his part, François Gebert, CEO of the Mauritius Economic Development Board, stressed his country’s keenness to develop investment relations with the UAE.
He added that his country regards the UAE as an important strategic partner. The average foreign direct investment flows from the UAE to Mauritius have reached $ 16 million annually over the past five years, with an increase of $ 28.6 million during 2016, at a rate of 4% Foreign direct to Mauritius.
He added that there are more than 14 flights a week linking Mauritius to the UAE through Emirates, which is today the second largest transport company linking Mauritius to the world after the national airline «Mauritius Air».
The UAE is now a model for its implementation of several mega projects, as well as hosting Expo Dubai 2020, which will be an excellent opportunity to showcase Mauritius’ unique history, diverse culture and diversified economy. The Economic Development Board will work closely with the private sector to ensure that all Sectors of the economy within the Mauritius pavilion