2014-02-03 09:27:04 -
It is my great pleasure to welcome you to this official opening of the Dubai Exports Trade Office in Mumbai. The opening of our Trade Office today is an occasion of unprecedented significance for us as it marks five years since we started our presence in India. Our first Trade Office was established in New Delhi and now were are pleased to come to Mumbai. This is a reflection of the growing importance of India and the longstanding ties between our two respective countries. Our special relationship is underpinned by the high level of bilateral trade which has continuously increased over time. Therefore, it’s no surprise to find that India is Dubai’s major trading partner. The economic and entrepreneurial dynamism
in the country, we feel opens the door to our firms to partner and work with counterparts in India. Through, our presence in India we have been supporting UAE firms as well as connecting Indian companies with counterparts in the UAE. In this regard the first international exhibition held by Dubai Exports was in India. Similarly, the first outward mission was also to India in the ever important jewellery sector. Today, we are back in India and we plan to continue to extend our activities in the country.
Today’s momentous occasion marks the dawn of a new chapter in our bilateral trade activities. In conjunction with the opening of the Dubai Exports Mumbai Trade Office I wish to announce further measures to reinforce the progress that has been made as a result of our presence in India over the last five years to promote bilateral trade. Dubai Exports has developed the Buyer Programme which is a unique solution that assists firms in India to connect with suppliers from the UAE in an efficient and cost effective manner. We strongly believe that this programme will allow you to extend your procurement base. Dubai Exports also has developed the Investment for Re-Export programme which is a unique solution that assists Indian firms to export to the wider region using Dubai as their hub. Our third programme is the Export From Dubai initiative which seeks to help companies establish in the emirate to take advantage of the many opportunities that it has especially in the manufacturing sector. Dubai has been very successful in attracting global businesses in a diverse range of sectors. Dubai has a very favourable business environment with no direct taxes on corporate profits or personal income, very low customs duties which are low at 5%, advantageous geographical location, a stable economy and a gateway to over 1.5 billion potential consumers with a relatively high disposal income. Dubai has excellent logistics infrastructure with the world’s sixth largest port served by over 85 shipping lines connecting the emirate with all major ports. Also, the emirate is serviced by over 120 airlines connecting it with almost every country in the world.
This month also marks one year since His Highness Shaikh Mohammed bin Rashid Al Maktoum the ruler of Dubai and Vice President of the UAE announced the launch of Dubai Islamic Economy initiative. As a part of this Dubai Exports is leading the Halal Manufacturing and Promotion aspects.We strongly believe that Dubai and the UAE has the leading products and services in the area of halal goods and Shariah compliant services. I strongly urge you to take advantage of this huge opportunity by connecting with firms from the UAE.
Once again I would like to thank you for taking the time to be here tonight and urge you to meet with my team here today as well as the staff from our Mumbai office to seek out the opportunities that working with UAE firms offers as well as using Dubai as your hub to export to the wider region. I would also like to thank our panel for joining us tonight.
About Dubai Exports
Eng. Saed Mohamed Al Awadi, is currently the Chief Executive Officer of Dubai Export Development Corporation (DEDC), which is the first export promotion agency in the UAE. He is also the Managing Director and Chief Executive Officer of the Export Credit Insurance Company of the Emirates which is the first company of its type in the country. Prior to this he was the Chief Operating Officer at the Environmental Health and Safety which is the regulatory arm of Dubai World. Saed is also the Vice-Chairman of M’Sharie which is part of Dubai Investment the largest investment company listed on the Dubai Financial market. Saed is also on the Board of Directors of the Emirates Standardization and Metrology Authority which is the national reference pointy for the World Trade Organisation for technical regulations and standards.
Saed holds a degree in Chemical and Petroleum Engineering, with a Masters in Environmental Engineering, and an Executive MBA from Wharton Business School, University of Pennsylvania. His leadership skills have also resulted in several awards including the Dubai Government Excellence Programme Technical Employee Award, Distinguished Government Department Award amongst others. Saed has presented papers in the area of Environmental and safety issues. His more recent research interests have been in the field of export promotion and credit insurance.