$57 billion in foreign direct investment between the UAE and India over 18 years
Today, with the support and coordination of the Dubai Chamber of Commerce, the Indian Business Council launched the report "Trade and Investment Relations between India and the UAE", which is a reliable reference that monitors the various economic indicators of the strong relationship that unites the two countries.
The launch of the report came during a meeting held by a delegation from the Indian Business Council headed by Suresh Kumar, with the Director General of Dubai Chambers, Hamad Mubarak Buamim at the Chamber's headquarters, where the two parties also discussed ways to enhance economic relations to achieve common goals and interests.
The report contains a summary of the historical trade relations between the two countries, monitors the growth of intra-trade over the past decades, and sheds light on foreign direct investment between the two sides. During the period 2003-2021 it is estimated at 57 billion US dollars.
The report also highlights investment opportunities in various economic sectors, specifically in advanced technologies, precious stones and jewelry, infrastructure development, oil and gas, renewable energy, markets, financial services, education, technology, emerging projects, food security, pharmaceuticals and medical equipment.
Buamim pointed to the important role that the Indian Business Council plays in the business environment in Dubai, considering it an important partner in the process of developing the private sector and the business community, pointing out that the Dubai Chamber of Commerce is committed to providing all the support needed by companies, business councils and groups in a way that enhances the competitiveness and attractiveness of the business environment. For foreign investments.
The Director General of Dubai Chambers pointed out that the report launched by the Indian Business Council reflects the vital role of the Council in developing joint economic relations, and the partnership that the Chamber has forged with the various components of the business community, calling for concerted and coordinated efforts to advance economic partnerships.
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