Sunday 12-03-2023 11:00 AM
TOKYO, 12th March, 2023 (WAM) — The ninth session of the Abu Dhabi-Japan Economic Council, ADJEC, will kick off tomorrow in Tokyo and will last for two days to discuss prospects for strengthening economic, trade and investment cooperation. method.
With the participation of more than 50 senior officials and executives from the public and private sectors of both parties, the Council will explore new opportunities in several strategic economic areas of mutual interest.
The meeting will be co-chaired by Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Department of Economic Development (ADDED), and Nobuyuki Kohira, Chairman of Japan Cooperation Center for the Middle East (JCCME).
ADJEC will continue to work hard to implement the resolutions and recommendations of previous meetings of the two sides, improve the level of cooperation between the business circles of the two countries, and support Japanese companies to expand investment in Abu Dhabi.
The meeting will focus on working groups and joint groups to strengthen cooperation in the fields of energy, renewable energy, infrastructure, media, education and human resource development.
As part of the Council’s 9th session, ADDED will also organize a forum to present Japanese companies to investment opportunities in Abu Dhabi in the industrial, energy, financial and real estate sectors.
During the forum, the sector’s Industrial Development Agency will review investment opportunities in the industrial sector in Abu Dhabi and Tokyo. This is part of the Directorate’s efforts to launch initiatives and form partnerships with international agencies to achieve the goals of Abu Dhabi’s industrial sector.
The goals include increasing the size of the emirate’s industrial sector to AED172 billion, creating 13,600 new jobs, and increasing Abu Dhabi’s non-oil exports to AED178.8 billion by 2031.
Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Future Energy Company (Masdar) will showcase several areas of cooperation in the energy, petrochemical and renewable energy sectors.
In addition, Abu Dhabi Investment Office and Abu Dhabi Resident Office will come up with programs and incentives to encourage innovation from which companies can benefit. They will also offer programs aimed at attracting talent and strengthening Abu Dhabi’s position as an international residential destination.
Representatives of Abu Dhabi Global Market, Abu Dhabi Securities Exchange and Abu Dhabi IPO Fund will review new developments in the financial markets and Abu Dhabi’s status as the “capital of capital”.
The Abu Dhabi-Japan Economic Council embodies the depth of the strategic relationship between the two countries, which helps build a solid economic foundation and fosters joint cooperation across many sectors and fields based on innovation, technology and knowledge.
ADJEC will be attended by Satomi Ryuji, Minister of Economy, Trade and Industry of Japan; Shihab Ahmed Al Faheem, UAE Ambassador to Japan; Abdullah Al Mazrouei, Chairman of Abu Dhabi Chamber of Commerce and Industry; and Sameh Al Qubaisi, Director General of Economic Affairs, ADDED.
Also in attendance were Khalifa Enterprise Development Fund CEO Alia Al Mazrouei, Abu Dhabi Investment Office Acting Director General Abdulla AlShamsi, as well as a number of government officials and private sector representatives from both parties.