Madrid: UAE Minister of Economy Sultan Al Mansouri said the UAE is a strategic hub for foreign investments and the national economy has proven its strength over the past 38 years and is very well positioned on the world economic map.
He was addressing a meeting of more than 50 key Spanish investors and entrepreneurs at the head-quarters of the Confederation of Employers and Industries in Madrid, attended by Jose Maria Lacasa, Secretary General of the Confederation.
Al Mansouri said that the first meeting of the UAE-Spanish Joint Economic Committee is a milestone development in UAE-Spain trade relations.
"We have agreed on strategic areas of cooperation in major fields such as heavy industries, small and medium businesses, clean energy, and the need to adopt an open skies policy. We are looking forward to sharing our experience with Spanish businesses especially in the field of investments, as they already have huge experience in investing in the Latin American countries," he added.
Al Mansouri said: "The United Arab Emirates believes in the importance of collaboration and cooperation, and the joint economic committee with Spain is a key pillar in driving forward our partnership base."
Al Mansouri added that the UAE offers investors the convenience of 100 per cent ownership in its free zones, superior infrastructure, access to qualified manpower, and a commitment to international intellectual property rights and anti-piracy laws.
Al Mansouri invited Spanish investors and companies to be part of the success story of the UAE economy.
