Dubai FDI discusses bilateral cooperation with Mayor of Orange County, Florida

Monday 09 May 2016

Dubai - MENA Herald: Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED) in Dubai hosted a luncheon for Her Excellency Teresa Jacobs, Mayor of Orange County in Florida, US, currently visiting the UAE. The Mayor had hosted a VIP luncheon for the recent Dubai Government mission to Orlando, which included representatives of Dubai FDI and Dubai Exports, the export promotion agency of DED.

The luncheon in Dubai was also attended by Her Excellency Barbara Leaf, US Ambassador to the UAE, Nasir Abbasi, Commercial Attache at the US Embassy in the UAE, along with senior officials from Dubai FDI and Dubai Exports. Mayor Jacobs and Ambassador Leaf held informal discussions with Fahad Al Gergawi, CEO of Dubai FDI, and Engineer Saed Al Awadi, CEO of Dubai Exports, on building on the positive outcomes of the Dubai Government Mission to Orlando.

Florida ranks third among US States exporting to the UAE and such exports mainly include cars and trucks, aircraft parts, gold, and computers. Exports to the UAE is reported to have supported 17,598 jobs in Florida and in 2015, and with Emirates introducing nonstop daily flights to Orlando in late 2015, the ‘Sunshine State’ plans to attract potential real estate buyers and investors from the UAE.

A staunch advocate of innovation-driven economy and sustainability, Mayor Jacobs has made it her priority to promote Orange County’s reputation in global tourism, high tech, digital media and medical research as well as its quality of life and leisure. Home to leading firms in manufacturing and regional distribution, Orlando is known as the third most competitive business location in the US and the city attracts 62 million visitors annually.

“We acknowledge the support extended by Mayor Jacob’s Office and the Central Florida International Trade Office to our recent mission to Orlando. We look forward to building on this new relationship in the form of bilateral memoranda of understanding. Dubai and Florida have vast areas of common interest, particularly as competitive hubs of business, tourism, logistics, technology, and knowledge-driven economic activities, and also as preferred places to live,” said Al Gergawi.

Al Gergawi noted that trade relations between the UAE and the US have continued to flourish, especially in critical economic sectors. For both sides it’s the right time to seize the moment and take our engagement to a new level wherein businesses can successfully pursue new market opportunities and new jobs can be created for citizens.

Engineer Saed Al Awadi said the co-ordinated efforts of DED agencies have helped the local business sector promote the emirate as an export and re-export destination for foreign trade.

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