Abu Dhabi: Sultan Bin Saeed Al Mansouri, Minister of Economy of the UAE and the Minister of Economy, Development, & Tourism of Chile, Felix De Vicente Mingo, have discussed ways of strengthening investment relations between the two countries and enhancing promising opportunities in their sectors.
Al Mansouri, who led a large UAE business delegation to Santiago, and Minister Mingo opened the first UAE-Chile Investment Forum which Chile proposed the establishment of a joint business council. The two sides agreed to continue contacts to sign an agreement on the proposed council in the near future.
Al Mansouri pointed out that the UAE has moved into the ranks of the 20 most productive global economies for the first time, citing the Global Competitiveness Report issued by the World Economic Forum (Davos) for 2013-2014 in which the UAE advanced five positions in the total competitiveness of its economy in one year from rank of 25th last year to 19th this year.
