New UAE businesses eye Bur Dubai, Deira

abu dhabi — The fifth meeting of the UAE – India High Level Joint Task Force on Investments (Joint Task Force) was held on Sunday in Abu Dhabi, with significant progress being made on a number of key issues of mutual importance.

The meeting was co-chaired by Sheikh Hamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince’s Court, and Suresh Prabhu, the Indian Minister of Commerce and Industry. Senior officials and representatives of corporate organisations from both countries also took part in the meeting.

The two sides noted the positive outcomes achieved by the Joint Task Force to date, expressed satisfaction at the level of bilateral trade and investment between the two countries, and agreed upon the need to further explore ways to facilitate investment in key Indian and UAE sectors with potential for economic growth.

The two sides deliberated in specific detail on the implementation of a 2017 memorandum of understanding between India’s Road Transport and Highways Ministry and the UAE’s Federal Transport Authority. Discussions focused on opportunities for cooperation and investment in the railways and road sectors of both countries. Both sides also discussed a number of potential investment projects in India in the transport, real estate and energy sectors. — Wam