In two seminars, they discussed the food and technology sectors

“Investment Development” reviews opportunities with French and Swiss investors

Ibrahim Ahli: "The food, agribusiness and technology sectors are of great strategic importance to us in Dubai."

The Dubai Investment Development Corporation, one of the Dubai Economic Institutions, held two virtual seminars (webinars), to communicate with potential investors and partners from France and Switzerland, and to introduce investment opportunities in strategic sectors including the food, agribusiness and technology sectors.

Yesterday's statement stated that these specialized seminars provide a platform for stakeholders, allowing to study foreign direct investment opportunities in Dubai, in light of the suspension of commercial missions and the restrictions imposed due to the "Covid-19" pandemic.

Ibrahim Ahli, Director of Investment Promotion Department at the Dubai Investment Development Corporation, said: “Europe and the UAE have strong bilateral relations based on trade, cultural and social exchange.

The food, agribusiness and technology sectors are also of great strategic importance to us in Dubai, and they present tremendous opportunities for companies and entrepreneurs from Europe. ”

He added: “There is no doubt that these mutually beneficial partnerships are the best way forward for the future. Ensuring business continuity is crucial in the current period for all of our countries. These seminars also help us review investment opportunities, so that we remain on the right track for recovery and economic growth. ».

It is noteworthy that the UAE is France's second largest trading partner in the region, as the value of non-oil trade exchange between the two countries reached 27.62 billion dirhams in 2019. The UAE is also among the most important importers of French products in the food and beverage category, as the demand for food and drink products increased from France by 50% over 10 years until 2019, at a time when cream, cheese and French butter products are still among the favorite products in the UAE, with imports exceeding 7,500 tons in 2018.

As for the volume of non-oil trade between the UAE and Switzerland, it exceeded 516 billion dirhams over 10 years between 2010 and 2019.

Non-oil trade with Switzerland worth 65.23 billion dirhams in 2019 represented an increase of 16.5%, compared to the previous year, making Switzerland the fifth largest trading partner of the UAE.

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