by Expo Events Consulting Expo Events Consulting

The Ministry of the Economy has discussed bolstering of industrial, investment and commercial co-operation with Saudi Arabia, China and Russia, on the sidelines of the Global Manufacturing and Industrialisation Summit, currently taking place in Abu Dhabi.

This came during meetings held by Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade and Industry Affairs with Saleh bin Shihab Al Salmi, Deputy Minister of Commerce and Investment of Saudi Arabia; Zhang Feng, Chief Engineer at the Ministry of Industry and Information Technology in China; and Deputy Director-General of the Chinese Council for the Promotion of International Trade; and Gleb Nikitin, First Deputy Minister of Trade and Industry in Russia.

During the meeting with the Saudi official, Al Saleh confirmed the desire to develop co-operation in important and vital sectors between the UAE and Saudi Arabia, with a view to strengthen their efforts of sustainable development, especially in vital sectors that serve the UAE Vision 2021 and the Saudi Arabia Vision 2030.

He added, during the meeting that was also attended by Abdullah Alfan Al Shamsi, Assistant Under-Secretary for Industrial Affairs at the Ministry of Economy, and Juma Al Kait, Assistant Under-Secretary for Foreign Trade Affairs, that the industry sector is important for both countries, and plays an important and pivotal role in terms of strengthening economic diversity, especially as the sector is similar in both countries, with similar economic components.

Al Saleh also discussed, with Zhang the opportunities and possibilities of strengthening co-operation in the industry sector and benefiting from advanced Chinese expertise and technology to strengthen development in the UAE, and its industrial sector.

He also suggested the signing of a Memorandum of Understanding (MoU) to strengthen bilateral co-operation in the field of innovation and information technology.

The Chinese delegation welcomed the suggestion and stated that they would work together to sign the MoU, which could be signed by September during a UAE delegation visit to China.

The meeting was also attended by Abdullah Alfan Al Shamsi, covered areas of investment co-operation between the two friendly countries.

Al Saleh also discussed with the Russian official ways to strengthen cooperation in non-oil sectors, especially the hi-tech industry sector.

— Post from WAM