Dubai FDI eyes trade ties in visit to Australia

Dubai FDI, the investment development agency of the Dubai Economy, is going on an official economic mission to Australia to strengthen its existing economic cooperation and attract investments into the emirate.

The mission, which will take place from June 25 to 29, will be represented by senior officials and executives from Dubai Exports, the export promotions agency of Dubai Economy, Dubai Multi-Commodities Centre (DMCC), Dubai Science Park, Dubai Silicon Oasis Authority, Dubai South, Dubai Health Authority, Australian Business Council, Emirates airline and Emirates SkyCargo.

The group will conduct a series of meetings with various public and private organisations in Sydney and Melbourne to highlight the advantages of investing in Dubai’s key sectors such as technology, health, agriculture, aerospace, transportation, as well as explore public private partnership opportunities in infrastructure development.

Non-oil trade

The UAE is also considered as Australia’s largest trading partner in the Middle East with non-oil trade valued at Dh10 billion, with as many as 350 Australian firms operating robust businesses in the country. Australia is also expected to host a country pavilion at the upcoming Expo 2020.

Fahad Al Gergawi, CEO of Dubai FDI, said that Australia and the UAE share a keen interest in several sectors that present enormous opportunity for Dubai to explore in new areas of cooperation.