Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Highflyers highlights successes of UAE-based firms  Join our daily free Newsletter

MENAFN - Khaleej Times - 15/01/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Khaleej Times) The first Highflyers Forum on Tuesday highlighted the successes of more than 120 UAE-based companies that have operations and investment abroad in addition to discuss further investment opportunities available across the world



Top executives of successful companies shared their experiences and challenges they faced in exploring new markets while diplomats from select countries highlighted investment opportunities available in their respective countries



The one-day forum, hosted by the Ministry of Economy was opened by Sultan bin Saeed Al Mansouri, UAE Minister of Economy



Addressing the forum, Al Mansouri said that this forum presents for the UAE-based companies an opportunity to create a platform for exchanging experiences, aspirations, challenges and strategies in key promising and emerging markets around the world. And it also encourages entrepreneurs from the UAE to benefit, he added



Quoting the United Nations Conference on Trade and Development (UNCTAD), the minister said the total cumulative outflow of foreign direct investment by UAE companies is estimated around Dh350 billion. Those investments were aimed at different sectors including telecom, energy, sustainable energy, ports, real estate etc, he added



Al Mansouri said that the UAE has maintained its leadership in the Middle East and Africa in foreign direct investment abroad, reaching 2.5 billion in 2012, an increase of 358 million and a growth rate of 16 per cent compared to 2011. The number of FDI projects of the UAE abroad increased by 26.5 per cent to 220 compared to 174 in 2011



Al Mansouri also launched the second edition of 'The Highflyers' book and the first of its kind smartphone applications that contains success stories of over 120 UAE-based companies and provides the ability for the international business community to directly reach the key decision makers in these companies. Speakers and panelists at the forum mainly talked about achievements by UAE Highflyers in overcoming the different challenges across the different sectors and regions. They also discussed the impact of changing political and economic conditions on the operations and investments of the Highflyers companies and emergence of new expansion strategies



Drydocks World and Maritime World chairman Khamis Juma Buamim, in his keynote address, talked aboutmastery in going international. He said: "We have strong and sustainable economy. We also have incredible credibility and without any doubt competence.




That's the reason people are interested to do business with UAE companies, he added. He also mentioned Drydocks World's achievements during the past couple of years. During panel discussions, speakers at the forum discussed their companies achievements and also shared challenges. They also talked about the necessary things companies look for while entering a new country



Majid Jafar, chief executive officer of Crescent Petroleum and vice-chairman of the Crescent Group, gave the keynote address, entitled "Charting growth and prosperity: winning strategies to export UAE's mastery in a morphing global economy", in which he how described how the major successes of UAE companies in foreign investment can be attributed to the open policy adopted by the UAE to the world, and the strong government support given for all UAE companies from the highest leadership of the UAE and all the relevant government ministries including the Foreign Ministry and the Ministry of Economy



He also described how many UAE companies have already become regional and global leaders in their sectors, following key strategies such as excellence in quality standards, understanding and adapting well to the local environment, and high levels of corporate governance



"We must continue to engage, as the UAE corporate community, in the national effort to ensure competitiveness, economic diversification and sustainability in the future", he said, while placing special emphasis on the key strategic decisions Emirati companies can take to export the UAE's economic expertise in achieving global competitiveness.



"UAE companies have already successfully invested in over 100 countries worldwide, and we as the Crescent Group have current investments in 22 countries throughout the region and internationally, in sectors such as oil and gas, ports and logistics, power and engineering, real estate and construction, and private equity. Our oil and gas operations through Crescent Petroleum - the oldest private exploration and production company in the Middle East - have included experience as an international operator in numerous countries including Iraq, Egypt, Pakistan, Yemen, Canada, Yugoslavia, Tunisia, and Argentina," he added


 


Khaleej Times




  MENA News Headlines
 Mar 30 2017 - EQUATE Group announces USD 679 million in total net profit for 2016MENAFN Press
(MENAFN Editorial)The EQUATE Group, a global producer of petrochemicals, announced today USD 679 million in total net profit for the fiscal year ending 31 December 2016. The EQUATE Group combines ...

 Mar 30 2017 - Italy will not deport unaccompanied refugee childrenThe Peninsula
(MENAFN - The Peninsula) ROME: Italy's parliament on Thursday approved a law that allows unaccompanied refugee children to stay in the country and be protected from mistreatment. 'This is a ...

 Mar 30 2017 - Global security experts to converge at Gulf Information Security Expo and Conference (GISEC) 2017MENAFN Press
(MENAFN Editorial)Cyber security experts from across the region and globe will discuss, debate and highlight the latest smart cities technology and service innovations at the Gulf Information ...

 Mar 30 2017 - Jordan- Royal decree appoints Al Shoubaki as King's adviserJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra)--A Royal Decree was issued appointing Faisal Jibril Hassan Al Shoubaki as the King's advisor, as of March 30, 2017. 30/3/2017 - 02:56:42 ...

 Mar 30 2017 - Jordan- Royal decree appoints director of Intelligence DepartmentJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra) -- A Royal Decree was issued Thursday appointing Maj. Gen. Adnan Na'el al-Jundi, as Director General of the General Intelligence Department as ...

 Mar 30 2017 - Jordan- Lower House speaker, French official discuss ties, regionJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra)--Speaker of the Lower House of Parliament Atef Tarawneh reiterated the centrality of the Palestinian cause as well as the importance of ...

 Mar 30 2017 - Jordan- Emirates plane collides with another aircraft in SingaporeJordan News Agency
(MENAFN - Jordan News Agency) Dubai, March 30 (Petra) -- An Emirates passenger aircraft suffered minor damage after coming into contact with another airplane on the ground at Changi Airport in ...

 Mar 30 2017 - Jordan- Army chief receives US military delegationJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra) -- Chairman of the Joint Chiefs of Staff, Lt. General Mahmoud Freihat, Thursday received U.S. Special Operations Command chief Gen. Raymond ...

 Mar 30 2017 - Jordan- King calls Crown Prince of Abu DhabiJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra) -- His Majesty King Abdullah II on Thursday thanked Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE, Mohammed bin Zayed ...

 Mar 30 2017 - Jordan- Lebanese president visits Baptism SiteJordan News Agency
(MENAFN - Jordan News Agency) Baptism Site, March 30 (Petra) -- President of Lebanon Michel Aoun, on Thursday visited the Baptism Site, some 40km west of Amman. Touring archaeological sites and ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help