The UAE and Japan must increase their joint investment projects, especially in the private sector, said a Gulf state official on Sunday.
“Despite the growing economic relations between the two countries, there is much to be done to promote these relations and reach new horizons and opportunities,” said Sheikh Sultan bin Khalifa Al Nahyan, chief of the Abu Dhabi Crown Prince's Court, quoted by the Gulf News.
His remarks came in his opening address on Sunday at the international symposium on "The Japanese Experience in Development — Lessons and Opportunities for the Gulf."
"We look upon your symposium to study the various means which could lead to increasing Japanese investment in our private sector, realizing as well that our economy and its system is open to investment," said the official, as quoted by the paper.
"We also expect you to be able to propose recommendations that are practical for the promotion of mutual economic projects with Japan as we are most concerned to uphold and develop such good existing relationships," he added.
Toshio Mochizuki, Japan's ambassador to the UAE, told the paper that “in addition to economic interdependence, both Japan and the GCC countries enjoy political stability, free trade policies and strong interest in solving environmental issues.”
The experience of the Japanese approach may provide the UAE and the GCC countries with inspiration to achieve their objectives while preserving their values, he said – Albawaba.com
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