Business
PM meets with Dubai Investment Group CEO
  • | VET | March 26, 2019 10:43 AM
Prime Minister Nguyen Xuan Phuc met with the CEO of the Dubai Investment Group (United Arab Emirates - UAE) Mohammed Ibrahim Al Shaibani on March 25 at the headquarters of the government.



Photo by Chinhphu.vn


Speaking at the meeting, the Prime Minister affirmed that Vietnam attaches great importance to good friendship and multifaceted cooperation with the UAE, especially in economic terms. The UAE is now Vietnam’s largest trading partner in the Middle East, with two-way trade turnover of about $6 billion per year.


Prime Minister Phuc believes Mr. Shaibani’s visit will make an important contribution to boosting the two countries’ economic, trade, and investment relations. He appreciated that Mr. Shaibani acted on his invitation to come and explore business opportunities, exactly two months after meeting in Davos. The Prime Minister hopes that after the visit, Mr. Shaibani will direct the building of long-term investment plans in Vietnam.

After the visit to the WEF Davos Conference, the group immediately joined the VinaCapital Investment Fund to promote plans for Vietnam to explore cooperation opportunities. The delegation held working sessions and surveyed the location of a large-scale resort and entertainment project in central Quang Nam province.

Mr. Shaibani said he came to Vietnam to explore opportunities, expand business, and find reliable partners to do long-term business. One of his first impressions of Vietnam was the airport, which augers will for the tourism sector. In addition to “hard” infrastructure investment, “soft” infrastructure investment is also very important, which increases the application of information technology in immigration management. Customs and immigration officers should be warm and enthusiastic with visitors.

He assessed that Vietnam has many favorable conditions for tourism development because the Vietnamese people are very friendly and hospitable and the country has many beautiful landscapes. He added that the UAE has major demand for workers, so seeks to cooperate with Vietnam to bring Vietnamese workers to the UAE, especially in the field of tourism and hotels.

The Prime Minister affirmed that Vietnam has a favorable investment and business environment. The number of international tourists is increasing and facilities are being completed. He said the location the group intends to invest in in the central region is ideal because of its proximity to wonderful beaches, world cultural heritage sites, and important airports, seaports, and highways, and has very high potential for success. He expressed his willingness to cooperate with the UAE and the Group in sending Vietnamese workers to the country.

Dubai Investments PJSC is a leading public joint stock company listed on the Dubai Financial Market, with over 16,771 shareholders. Incorporated in 1995, the Group has grown exponentially, with investments in a number of businesses across a number of sectors, ranging from real estate, processing industries, mergers and acquisitions, healthcare, and education to financial investments in the UAE and the Middle East. Dubai Investment continues to create a positive economic impact and long-term value for its stakeholders by investing in sustainable growth sectors in markets across the globe.

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