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Maktoum bin Mohammed attends first-ever Global Business Forum ASEAN in Dubai

DUBAI, 8th December, 2021 (WAM) — H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, today attended the first-ever Global Business Forum (GBF) ASEAN at Expo 2020 Dubai.

GBF ASEAN seeks to enhance economic ties and bilateral trading relations between Dubai and the 10 member states that make up the ASEAN region. Addressing Sheikh Maktoum and other delegates, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted the significance of the Forum and the platform provided by Expo 2020 Dubai to explore greater trade and investment between the two regions.

"Hosting Expo 2020 Dubai at this critical juncture in the world’s history helps the global economy make a new start and accelerate its recovery and growth. ASEAN countries can play a key part in the world’s economic growth by supporting international trade and building partnerships. The large populations of ASEAN countries provide huge investment opportunities and support the global supply chain. The UAE is looking positively at the ASEAN region, as it holds a solid economic position with a total GDP of US$3 trillion. Both the ASEAN and GCC regions complement each other and play a vital role in the world’s economy," he said.

Also speaking on the first day of the Forum was Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation and Director-General of Expo 2020 Dubai. She said resilience and the ability to overcome obstacles are critical to the continued growth of GCC and ASEAN countries.

"If the pandemic laid bare the fragility of traditional economic systems, it also underscored the potential of those accelerating their adoption of digitisation, building innovative and agile startups and SME ecosystems and establishing a global reputation as hubs and platforms for long term and sustainable partnerships. The nations of the Gulf and Southeast Asia are introducing several forward-thinking initiatives – we are entrepreneurs and problem-solvers, always seeking new perspectives to spark creativity and innovation. We have demonstrated these qualities since the UAE’s foundation in 1971 and throughout our journey into the 21st century," Al Hashemy said.

In a discussion that followed, Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications, highlighted Dubai’s strategic location which has enabled it to become a commercial centre and a gateway to other regions. Companies across the world have successfully used the UAE’s location as a springboard to access lucrative new markets.

"If you want to expand your business beyond a specific geography to diversify risks, the best way to enter a region is by creating a hub in the UAE. This gives investors the opportunity to reach a population of over two billion people covering diverse markets including east Europe, the Middle East, Africa and India. What this gives prospective investors is access to a pool of high-quality talent. It also gives them the best time zones to work with both in the east and the west. You are able to start with Asia, then the afternoon with Europe, and in the evening with the US," Al Olama said.

"Also, businesses can expand beyond one country. With a presence in the UAE, countries in the region will be a lot more likely to help businesses expand into their geographies. There are several exemplary models that investors can use to unlock their growth potential in the markets of Asia and beyond. An example of this is the expansion of DP World’s operations beyond the GCC, to Asia, Africa and Latin America," Al Olama added.

He also drew attention to the facilities that Dubai offers businesses operating in the rapidly expanding technology sphere, with Dubai Internet City home to more than 60 percent of artificial intelligence startups in the region and Dubai attracting over 62 percent of all foreign direct investment into the region’s digital economy.

Representing Dubai Chambers, Abdulaziz Al Ghurair, Chairman of Dubai Chambers, spoke about how Dubai offers a fertile business environment for ASEAN companies. He called for greater cooperation between stakeholders of both regions to maximise their mutual potential.

‘The ASEAN region is a market of strategic importance to Dubai at a time when bilateral relations have expanded in recent years. The number of ASEAN companies registered with Dubai Chamber and operating in Dubai has grown by 35.5 percent since 2018 to reach 3,300 today. Dubai-ASEAN non-oil trade in the last five years reached around US$110 billion (AED404 billion). Yet, there is huge potential to further expand bilateral trade and tap into existing synergies. For this to happen, we must work together to remove trade barriers, facilitate ease of doing business and identify new areas where we can align our ambitions," Al Ghurair said.

Dato Lim Jock Hoi, Secretary-General, ASEAN Secretariat, said, "The bilateral trade between Dubai and the ASEAN countries in the last two decades was US$37 billion and we believe that the UAE and Dubai, in particular, can open new avenues for strategic partnership between ASEAN and GCC countries. The ASEAN countries have a lot to offer. Investments in the digital economy and e-commerce came at the top of the list as the region has over 660 million people. We are confident that the UAE can help to build strategic partnerships with ASEAN countries in areas such as technological advancements, supply chain and green technology as the UAE is already a pioneer and leader in sustainable finance and green investments."

Organised by Dubai Chamber in partnership with Expo 2020 Dubai, GBF ASEAN is hosting a comprehensive programme of keynote addresses, presentations, discussion panels and workshops designed to explore ways of ramping up bilateral trade and advancing the economies of Dubai and the 10 countries of the ASEAN region. Held under the theme The New Frontiers, the conference is the latest addition to Dubai Chamber’s Global Business Forum series, which was launched in 2013 to identify synergies between Dubai and promising markets around the world.

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Integrated Transport Centre introduces smart Taxi-Top Billboard Initiative

ABU DHABI, 8th June, 2023 (WAM) — The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport (DMT) in Abu Dhabi has announced the launch of the Smart Billboard project for taxi vehicles in collaboration with operating companies and the relevant strategic stakeholders.

This step is in line with the ITC’s efforts to deliver innovative and high-quality advertising content to the public. The initiative entails smart advertising billboards being planted on taxi rooftops to market products and services in collaboration with advertisers from local companies and businesses in the emirate of Abu Dhabi.

The ITC said that the project started with 50 taxi vehicles from the Tawasul Transport company, and intends to reach 100 taxi vehicles from the same company after the trial period is over. It is worth noting that the Emirate of Abu Dhabi is operating 6,400 taxis in total.

The Integrated Transport Centre explained that the initiative is in line with its commitment towards reinforcing digital transformation in the emirate of Abu Dhabi, and improving public access to its digital services system.

The ITC strives to fulfil future requirements and promote the vision of Abu Dhabi through investing in modern technologies that serve the community and create smarter cities in the Emirate, in terms of services and commercial practices. The project also aims to use new marketing and digital promotional strategies for these services, and to use cutting-edge technology to strengthen the digital marketing field by reaching various segments of society with efficient and creative marketing messages.

According to the ITC, setting up advertising billboards on taxi rooftops contributes to delivering diversified and engaging advertising content to passengers and pedestrians in accordance with the innovative advancements in the digital marketing field.

Furthermore, it improves the city's marketing communications and helps raise community awareness on various services, events, and activities. It also provides local businesses with the opportunity to promote and market their products and services.

Moreover, the digital billboards can be used to broadcast useful traffic safety tips to a large audience in a creative manner, as they use innovative technology to display content clearly in all kinds of weather conditions without distracting other drivers.

On the other hand, the initiative strengthens the collaboration with the private sector by creating new investment opportunities to promote the products and services of local businesses. It also helps the taxi industry utilise asset and diversifying revenue, thereby supporting local economy by enhancing the economic development in the Emirate.

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Saned urges entities in Sharjah to install ‘Aman’ safety system

SHARJAH, 8th June, 2023 (WAM) — Saned Integrated Facilities Management has urged all government and private entities, industrial and commercial facilities and residential buildings to install the early warning ‘Aman’ system, based on its objectives to provide the highest levels of safety in Sharjah,

The new system and device, implemented by Saned, is supervised by the Sharjah Prevention and Safety Authority. The device links fire systems in the facilities to the General Directorate of Civil Defense and Saned, with the goal to reduce response times to combat with fire hazards and emergencies.

Sultan Al Ketbi, CEO of Saned Facilities Management, stressed the need to install the early warning system ‘Aman’, which plays a great role in reducing response times for fire-related emergencies. The system works to monitor the validity of alarm and fire systems in facilities and ensure their effectiveness, which contributes to protecting lives and property and provides the highest levels of protection and safety in Sharjah.

Al Ketbi highlighted that the system has been successfully employed to aid in the early detection of fires; a tower in the Emirate of Sharjah recently benefited from the ‘Aman’ system and suffered no losses due to a recent fire emergency.

Al Ketbi added, "More than 7,753 Aman devices have been installed in various areas of Sharjah since the programme began. We are working diligently to ensure that all residential, commercial, and industrial facilities and areas in the Emirate are covered by the Aman programme, as it is mandatory for public safety."

He further explained, "We seek to reach 100% compliance from owners of real estate, facilities and amenities in Sharjah, to which the decision to install and connect a safety system to protect buildings from fires and accidents is in line with our goal to enhance the overall well being of all residing in the Emirate.”

Aman is an early warning system adopted in the Emirate of Sharjah to protect community members from fire hazards. The system is in direct contact with the Sharjah Civil Defense Authority and links to a control room that operates according to the highest international safety standards. In cooperation with the Sharjah Prevention and Safety Authority, the system strengthens the security and safety strategy of the Emirate of Sharjah and helps spread awareness of best practices in accident and fire prevention.

The system is managed by Saned Integrated Facilities Management, which is one of the projects of Sharjah Asset Management, the investment arm of the Government of Sharjah. Saned provides integrated facilities management, building maintenance and related technical services to commercial and government entities, in addition to energy management and sustainable initiatives. The Saned team also provides technical services specialised in the security and safety of facilities and amenities.

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UAE and Peru sign air services agreement

Lima, Peru, 8th June, 2023 (WAM) — The UAE and the Republic of Peru signed an air services agreement, with Mohammed Abdullah Al Shamsi, UAE Ambassador to the Republic of Peru, signing on behalf of the UAE and Gervasi Díaz, Minister of Foreign Affairs, representing Peru.

This agreement will open new horizons for cooperation between the two countries and promote intra-trade.

Al Shamsi pointed out that non-oil bilateral trade with Peru for 2022 amounted to US$800 million, and UAE investments in Peru over the last five years exceeded US$700 million, while intra-trade reached US$4.4 billion in the same period.

He added, "The Memorandum of Understanding for political consultations in 2009 and the visa waiver agreement between the two countries in 2019 have already been signed, and today we are signing the air services agreement. In the near future, we hope to sign an agreement to protect and promote investment and avoid double taxation, in addition to other agreements that are expected to be in the interest of our two peoples and in line with our common aspirations for further development and prosperity.”

Al Shamsi stressed that this agreement will contribute to the growth of trade exchange in a manner that supports the development agenda of the two countries, promotes the sustainability of their economies, and bolsters bilateral aviation ties.

He added, "This comes as part of efforts to reinforce bilateral relations with the Republic of Peru and will also benefit our national airlines and several other sectors in the country, directly affecting the growth of air traffic between the airports of the UAE and Peru, which will help strengthen trade, economic, and tourism relations between the two countries.”

For her part, Díaz said that the UAE is an important partner, as it is the largest Arab country investing in Peru, stressing that the UAE is the first nation in the Middle East to sign an agreement on air services with the South American country.

She stressed that the signing of the air services agreement with the UAE will enable Peru to act as a communication center for the networks of airlines in Latin America, highlighting that the signing of the agreement is a significant achievement and a milestone in the strong relations between Peru and the UAE.

Díaz stated that the signing of the agreement will allow the establishment of new air routes that will promote travel for tourism and business purposes between Peru and Arab countries, as well as Asian and Pacific countries.

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