Posted On 12/17/2017
Abu Dhabi Chamber discusses economic cooperation with Tajikistan
The Abu Dhabi Chamber of Commerce and Industry has received a high-level delegation from Tajikistan chaired by His Excellency Qahhorzoda Faiziddin Sattor, Chairman of the State Committee on Investments and State Property Management of the Republic of Tajikistan, at the Chamber’s Tower in Abu Dhabi. The delegation included more than 30 Tajik companies from different economic and trade sector.
His Excellency Ibrahim Al-Mahmoud, 1st Deputy Chairman of the Abu Dhabi Chamber, received the Tajik delegation, along with a number of the Chamber’s Board Members and His Excellency Mohamed Helal Al-Muhairi, Director General of the Abu Dhabi Chamber.
H.E. Al-Mahmoud welcomed the Tajik delegation to Abu Dhabi, expressing his pleasure to meet the delegation and discuss with them how they can increase joint investments between companies and businesses in order to increase the volume of trade exchange between the UAE and Tajikistan.
“Abu Dhabi has become a key economic hub in the region. It has become the preferred destination for international companies desirous of entering regional markets considering the emirate a gateway for those companies into the region thanks to its encouraging investment climate and the huge investment opportunities it offers regionally and internationally,” H.E. Al Mahmoud said. He added that the UAE enjoys a business environment that features competitive aspects and advanced legislative system that offers distinguished services and facilities that help companies grow and succeed.
The Deputy Chairman pointed out that within the frame of its development vision of diversifying the productive base of its economy and increasing non-oil exports, which would enhance its trade balance, Abu Dhabi has always supported sectors of relativity aspects including mining industries, services, especially financial ones, telecommunications, aviation and space industries, defense industries, pharmaceuticals, biotechnology, tourism, education, medical services, transportation, trade and logistics.
He added that the UAE and Tajikistan enjoy good relations on all levels, hoping that such relations would increase strategic trade volume between the two sides.
“As we can see, trade figures between the two countries require more cooperation in the commercial and economic fields. The volume of non-oil trade between the two countries reached AED 78.3 million by the end of 2016. We can combine our efforts together today so that such number would double in the coming few years. This reflects the awareness of authorities and establishments of both countries to bringing the economic and investment cooperation process to the highest levels,” he stated.
H.E. Al-Mahmoud concluded that “we, at the Abu Dhabi Chamber, are completely ready to offer all kinds of support to Tajik companies which have the desire to invest in Abu Dhabi since the Chamber possess all the information and studies on pivotal projects in the emirate. We are also ready to give advice and consultation to Tajik businessmen and to guide them towards highly competitive sectors and those which has huge export capabilities. The Abu Dhabi Chamber can provide all the logistic support required to develop trade and economic cooperation relations between the UAE and Tajikistan.”
For his part, H.E. Qahhorzoda Faiziddin Sattor, Chairman of the State Committee on Investments and State Property Management of the Republic of Tajikistan, expressed his pleasure in this meeting between the representatives of the private sector from both countries and to discuss economic cooperation and trade exchange opportunities, saying that there are a lot of investment opportunities in Tajikistan for Emirati investors.
H.E. Sattor appreciated the investment climate and strategic location as well as the business environment of his country, adding that legislations and regulations of Tajikistan encourage investments and protect investors. He pointed out that Emirati investors who have a desire to invest in Tajikistan can enjoy from tax exemptions in addition to the ability to obtain visas at Tajikistan’s airports, which would increase confidence of investors.
Sattor concluded that there are many sectors which Emirati and Tajik companies can invest jointly including the agriculture sector, real estate, trade, tourism and services sectors to name just a few.