UAE Ministry of Economy follows-up cooperation with UK on small and medium enterprises

Published March 10th, 2010 - 01:08 GMT

His Excellency Mohammed Ahmed Bin Abdul Aziz Al Shihhi, Director General, UAE Ministry of Economy, has emphasized the importance of adequate follow up through official meetings and business delegations to achieve the objectives of the UAE- UK joint economic committee meeting held in London recently. .

He was addressing a reception meeting in Dubai to welcome a UK delegation of entrepreneurs led by UK Minister for Trade, Investment and Small Business Lord Davies.

At the Joint Economic Committee meeting, the UAE and the UK had agreed to enhance cooperation on small and medium enterprises (SMEs), a sector that is regarded as a safe alternative for investments all over the world.

“The Ministry of Economy is playing a central role in supporting SMEs at the federal level. In accordance with the Federal Strategy, MOE is currently working on a modern SME law of international standards to recognise their great significance to our economy,” said Mr Al Shihhi.

Lord Davis said the meeting was extremely valuable to strengthening business relationships between the two countries and that the UK business groups will fully commit to achieving the goals within the agreed timeframe. Several similar meetings are being planned to follow-up and implement new programmes.

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