A business forum between the United Arab Emirates and Mauritius is looking at the promotion of investment

The Federation of Chambers of Commerce and Industry of the United Arab Emirates participated in the UAE-Mauritius Business Forum held yesterday in Port Louis, capital of the island. Mauritius.

The forum, organized by the Ministry of Foreign Affairs and International Cooperation, the Federation of State Chambers, the Economic Development Council of Mauritius and the Chamber of Commerce and Industry of Mauritius, aims to introduce a an attractive investment environment in the UAE, exploring the investment climate in Mauritius and informing investors of investment opportunities in vital sectors of mutual interest.

Rashid Al-Afari, Chargé d'affaires at the Embassy of Mozambique in Mozambique, not residing in the Republic of Mauritius, President of the Chamber of Commerce and Industry of Mauritius, Mr. Jamal Al-Sumaiti of the Judicial Institute of Dubai and representatives of DP World, Civil Aviation Authority, and officials of companies and investments in Mauritius.

On the sidelines of the forum, Hamid Mohammed bin Salem, General Secretary of the Chambers Federation, reviewed the economic indicators of the UAE and the competitive advantages of the business climate, stressing that this visit aimed to develop a road map or agreement with many positive results and helping to strengthen economic cooperation between the two countries. In the next few years.

He said the UAE was a favored and attractive destination for foreign investment because of its unique investment environment, its strategic location and the existence of simplified laws, regulations and procedures.

He emphasized that the UAE offers investors, business owners and institutions a legislative and regulatory environment that facilitates the establishment of commercial, economic, financial and logistical infrastructure, which are among the best not only at the regional level but also in the world, and includes 40 specialized free zones.

Insisting that the Mauritian markets are an ideal destination for investment by UAE companies in real estate, manufacturing, hospitality and business services, he added that the Federation of Chambers and Chambers of Commerce MEPs, which has more than 453 members in the first half of 2018, supports the presence of UAE companies in the development of global competitive markets. .

For his part, François Gebert, CEO of the Mauritius Economic Development Board, stressed his country's desire to develop investment relations with the United Arab Emirates.

He added that his country considered the United Arab Emirates as an important strategic partner. Direct UAE direct investment flows to Mauritius have reached $ 16 million per year over the last five years, an increase of $ 28.6 million in 2016, a rate of 4%. Foreign Stranger in Mauritius.

He added that there were more than 14 flights a week linking Mauritius to the UAE via Emirates, which is now the second largest transport company linking Mauritius to the world after the national airline "Mauritius Air".

The United Arab Emirates is now a model for the implementation of several megaprojects, as well as for the organization of Expo Dubai 2020, which will be an excellent opportunity to showcase the unique history of Mauritius, its diverse culture and economy. The Economic Development Board will closely collaborate Sectors of Economy in the Mauritian Pavilion.