(MENAFN- Emirates News Agency (WAM))
ABU DHABI, 3rd December, 2017 (WAM) -- The Abu Dhabi Department of Economic Development, ADDED, has organised a two-day training workshop at its headquarters, in cooperation with the Ministry of Economy, entitled, 'Policies of Encouraging Investments and Export.
The workshop provided participants with an analysis of the government's strategies to promote exports and attract investments, by providing practical analytical tools to study and encourage Emirati exports.
The workshop was attended by Industry Development Office representatives, which is part of ADDED, as well as representatives of the Education and Knowledge Department, the Ministry of Economy, the Urban Planning and Municipalities Department, and Abu Dhabi Ports, along with representatives of private sector companies concerned with exports.
The workshop, moderated by Dr. Belqassem Al Abbas from the Arab Institute for Planning in Kuwait, discussed a range of issues, such as development, the importance of promoting exports and investments and related development policies, as well as an analysis of the global output value chains, commodity space analysis, and developing export development strategies.
Dr. Adeeb Afifi, Director of the Foreign Trade and Exports Support Administration at ADDED, said that the workshop is part of series of activities and seminars organised by the department, which aim to provide incentives and assistance for the private sector, to increase Abu Dhabi's level of exports to other countries by encouraging non-oil exports, with the aim of achieving the goals of the Abu Dhabi Economic Vision 2030 of increasing the value of the emirate's non-oil exports to 11 percent of its GDP.
He added that the participants of the first session of the workshop's first day discussed the major economic and development characteristics of the emirate's export and investment sector, as well as its level of income and the economic growth and role of trade in the UAE's development, in order to highlight the structural characteristics that should be considered, while drafting a development strategy for encouraging investments and exports.
He went on to say that the second and third sessions addressed the issue of how to draft this development strategy, and the policies of diversifying exports by developing the local investment and competitiveness environment, as well as improving the emirate's competitiveness, to increase its level of exports and investments in high-value-added sectors.
Dr. Afifi explained that the second day of the workshop saw discussions on the nature of recent industrial policies that aim to achieve structural transformation and economic diversification through analysis of the latest tools that can help realise these strategies, such as industrial clusters and investment maps, as well as the use of commodity space methodologies and value chains as instruments to adopt economic diversification policies and develop exports and investments.
WAM/Nour Salman
MENAFN0312201700610000ID1096181088
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.