More prosperity in store from India-UAE ties
Bangalore, Karnataka 19th January, 2007: Sheikh Saud Bin Saqr Al Qasimi, the crown prince and deputy ruler of Dubai said that there is more prosperity in store form association between India and UAE; Qasimi was addressing a valedictory function held by CII (confederation of Indian industries). He exclaimed that in accordance with a four decade old view of real estate Dubai becoming a hub to global investment, this region has seen a dramatic change in tahat direction emerging as a major economic power in the Gulf.
He said that it is essential never to be satisfied with what has been achieved, instead, there should be a constant effort towards further improvements on it. He also expressed that progress and improvement is only possible when people having similar visions join hands. Qasimi said that Ras Al Khaimah, an emirate of UAE, is on a new course to development. For the Indian scenario he commented that positive changes measured over past few years in Indian economy were a result of far-sightedness of their leaders and entrepreneurs. He further added that India and UAE have a long history of business and trade and this alliance would be profitable for both.
Khater Massad, the investment authority chairman as well as an advisor to crown prince, made a presentation at this session. He said that RAK was like a gateway to Gulf countries being one of the seven Emirates in that region. He explained the attractive investment opportunities in hospitality and manufacturing industry with free trade zones in RAK. He said that many Indian companies are successfully operating in RAK, as is evident from growth in business and investment in the region.
R. Seshasayee the managing director of Ashok Leyland and president of CII thanked Qasimi’s leadership and its pragmatism that has helped India successfully increase trade relations with the Gulf.
Parallel to this session, Fouad Issa al-Jouni the Syrian industry minister invited investment from India and expressed that conditions were favorable and stable for enterprises in this west Asian country. He said that Syria presents a unique geographical location along with diversified economy and ongoing trade liberalization process, much favorable for investment options. He further added that free trade zones in Syria provide a fantastic environment to investors.
He said that it is essential never to be satisfied with what has been achieved, instead, there should be a constant effort towards further improvements on it. He also expressed that progress and improvement is only possible when people having similar visions join hands. Qasimi said that Ras Al Khaimah, an emirate of UAE, is on a new course to development. For the Indian scenario he commented that positive changes measured over past few years in Indian economy were a result of far-sightedness of their leaders and entrepreneurs. He further added that India and UAE have a long history of business and trade and this alliance would be profitable for both.
Khater Massad, the investment authority chairman as well as an advisor to crown prince, made a presentation at this session. He said that RAK was like a gateway to Gulf countries being one of the seven Emirates in that region. He explained the attractive investment opportunities in hospitality and manufacturing industry with free trade zones in RAK. He said that many Indian companies are successfully operating in RAK, as is evident from growth in business and investment in the region.
R. Seshasayee the managing director of Ashok Leyland and president of CII thanked Qasimi’s leadership and its pragmatism that has helped India successfully increase trade relations with the Gulf.
Parallel to this session, Fouad Issa al-Jouni the Syrian industry minister invited investment from India and expressed that conditions were favorable and stable for enterprises in this west Asian country. He said that Syria presents a unique geographical location along with diversified economy and ongoing trade liberalization process, much favorable for investment options. He further added that free trade zones in Syria provide a fantastic environment to investors.
posted by Property Reporter at
10:52 PM
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