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A high-level delegation from Bahrain, led by the Minister of Industry and Commerce, H.E. Abdulla bin Adel Fakhro supported by H.E. Noor bint Ali Al Khulaif, Minister of Sustainable Development, is heading for a weeklong visit to Japan and South Korea scheduled from May 5 to May 12, 2023.
Organised by the Ministry of Industry and Commerce (MOIC) and supported by Bahrain Economic Development Board, the visit is designed to add value across a multi-year investment horizon in alignment with the Economic Recovery Plan to deliver sustainable benefits to Bahrain’s investment climate, economy, and society at large.

The visit will bring together an expert team from Bahrain’s public and private sectors to promote high-impact investment opportunities in Bahrain, where in addition to key officials from the MOIC, Ministry of Sustainable Development and Bahrain EDB, the delegation will be supported by the Bahrain Chamber of Commerce and Industry, the Bahrain Tourism and Exhibitions Authority (BTEA), Nogaholding, Alba, Export Bahrain, and Bahrain-based Gulf Aluminium Rolling Mill (GARMCO).

Additionally the visit will be aiming to foster strengthened economic and trade ties across the two countries, focusing on key economic sectors namely financial services, manufacturing, logistics, Information and Communication Technology (ICT), and tourism; in both Japan and South Korea. A dynamic line up of events, site visits, and strategic meetings have been planned for the delegation to engage with influential government counterparts and representatives of leading companies with secured global reputations.

Starting in Tokyo, Japan, on the sidelines of the strategic business development meetings by the entire delegation, the Bahrain EDB will be hosting two headline events to shed light on investment opportunities. The first exclusive roundtable will be held in collaboration with the Japan-Bahrain Economic Cooperation Association (JBECA) with select top-level executives, while the business forum co-hosted by the Japan External Trade Organization (JETRO), titled ‘Accessing Opportunities in MENA via Bahrain’ will invite key stakeholders from leading companies in Japan and feature two panel discussions. The first panel discussion will highlight investment opportunities in Bahrain, while the second session, titled ‘From Bahrain to the World: Stories of Success from Japanese Industry Leaders’.

Moving onto Seoul, South Korea, in collaboration with the Korea Chamber of Commerce and Industry (KCCI) the Bahrain EDB, has organised a forum and networking event to discuss mutually beneficial investment opportunities. The forum will witness sessions delivered by key members of the delegation, featuring a fireside chat to discuss Bahrain’s strategic value in enabling companies to access markets in the MENA and beyond.

H.E. Abdulla bin Adel Fakhro, the Minister of Industry and Commerce, said: “Economic diversification and innovation are vital pillars of Bahrain’s economic growth, and this curated delegation visit aims to secure new commercial opportunities across focused sectors, which will enable Bahrain to form strategic partnerships with Japan and South Korea, further building upon strong economic and trade ties.”

Source:https://www.bahrainedb.com/latest-news/a-bahraini-high-level-delegation-heads-to-japan-and-south-korea-to-promote-investment-opportunities

A delegation from the UAE met with representatives from almost 30 companies from Germany on Tuesday during a roundtable.

The objective was to accelerate industrial collaboration and build on joint efforts in promoting sustainable industrial development, de-carbonisation and energy security.

The roundtable co-hosted by the Ministry of Industry and Advanced Technology (MoIAT) during Hannover Messe, the industry trade fair, was attended by representatives from the Abu Dhabi Department of Economic Development (ADDED), ADNOC Group, Abu Dhabi Investment Office, KEZAD Group and Dubai Industrial City.

Titled ‘Make it in the Emirates: The UAE as a Global Industrial Hub’, the roundtable introduced German companies to the UAE’s unique value proposition and vision for sustainable industrial growth. It also showcased the Make it in the Emirates initiative, which invites foreign industrialists, investors and innovators to benefit from the UAE’s competitive advantages.

Chaired by Omar Al Suwaidi, under-secretary of the Ministry of Industry and Advanced Technology, the roundtable highlighted how foreign companies can benefit from collaborating with UAE entities as well as from incentives and enablers introduced by the government, national companies such as ADNOC and industrial zones.

Addressing delegates, Al Suwaidi said: “The UAE and Germany are making steady progress in vital fields such as hydrogen fuel, which will be critical to industries of the future.

The partnerships between our government institutions and national enterprises are leading to pioneering innovation in sectors such as green steel.

By combining our strengths, talents and resources, the UAE and Germany can pave the way for greater energy security and more sustainable industrial development in our respective regions.”

He added: “Our two countries are aligned on creating solutions to industry’s global challenges, and there is significant appetite for collaboration among our industrial communities.

As a ministry, we are committed to supporting industrial companies in the UAE to work alongside international counterparts to achieve business growth and adopt best practices.

In line with our national industrial strategy, we will continue to explore and facilitate collaborations between UAE-based companies and our international partners to attract investment and support the growth of green industries and renewable energy supplies.”

During Hannover Messe, Al Suwaidi co-chaired the second Energy Security and Industry Accelerator (ESIA) Steering Committee, which provided an update on the progress made across a number of projects since the ESIA agreement was signed in 2022.

On Wednesday, members of the UAE delegation participated in a panel discussion where they highlighted the UAE’s efforts in accelerating the transition towards greener and more sustainable industries.

The panel, titled “Driving the Transition to a Sustainable and Diversified Economy: The Critical Role of Green Energy, Green Economy, and Innovation in the UAE”, highlighted competitive advantages and enablers, including green financing, certified green energy supply, robust regulation infrastructure and access to markets through a growing number of free trade agreements.

Source:https://gulfbusiness.com/uae-germany-explore-partnerships/

Football fans coming to Qatar for the World Cup will not have to shell out huge amounts on accommodation, assured CEO of the FIFA World Cup Qatar 2022, Nasser Al Khater.

In comments to The Sun, Al Khater said that Qatar will make this World Cup as affordable as possible for everyone.

“We have always been committed to offering every fan who wants to come the opportunity to enjoy an affordable World Cup. We’ve learned from previous tournaments. We know there have been price hikes in previous tournaments to take advantage of the fans who have bought tickets,” he told Sunsport.

“That’s something we have always been determined to avoid. I completely understand the concern when fans see these prices, but we will make this World Cup as affordable as possible for everyone,” he added.

Fans with tickets can already book their accommodation through the special website launched by the organiser. The website lists many options from different categories of hotels, apartments and villas, vacation homes and two cruise ships with around 4,000 rooms.

Fans can also book accommodation through other means, such as hotel and holiday accommodation websites. But this website gives much more options and price ranges.

The organisers had earlier clarified that accommodation for FIFA Qatar 2022 fans will start from $80 and go up depending on the category one chooses.

Source:https://thepeninsulaqatar.com/article/07/04/2022/qatar-2022-will-be-an-affordable-world-cup-for-fans-official

Construction work has started on five new industrial cities across Oman as the sultanate seeks to establish a total of 40 by 2040.

Coinciding with Industry Day in Oman, Hilal bin Hamad Al Hasani, CEO of the Public Establishment for Industrial Estates (Madayn), revealed that new industrial cities are being built in Khasab, Ibri, Thumrait, Shinas and Al Mudhaibi.

“These industrial cities will be added to the nine that are operating across the sultanate, which will play a pivotal role in enhancing comprehensive and sustainable economic and social development under the wise leadership of Sultan Haitham bin Tarik,” said Al Hasani.

He added that Madayn has the goal of setting up a total of 40 industrial cities as part of Oman Vision 2040.

With only one industrial city in Oman back in 1991, the industrial sector is now thriving with an expanding network of industrial cities across the country.

“With nearly 2,300 localised projects, the total investment volume in Madayn’s industrial cities today is approaching RO7 billion. The Omanisation rate in these projects exceeds 38 percent of the total workforce in the industrial cities, which accounts for up to 8 percent of the total private sector workforce at the national level and exceeds 63 percent of the total workforce in the industrial sector of Oman,” Al Hasani added.

Madayn has introduced recently its Industrial Innovation Academy to promote a diversified and sustainable economy based on technology, knowledge and innovation.

It has also announced plans for new industrial cities in Musandam, Al Dhahirah, Al Sharqiyah North, Al Batinah North and Dhofar governorates and has started to look for local and foreign investors to develop other industrial cities in partnership with the private sector.

Madayn has recently announced a package of incentives and exemptions from fees to support the investment climate in its various industrial cities.

Al Hasani said that despite the global economic fluctuations and Covid-19 impact, Madayn’s total investment volume increased by 1.6 percent, the total number of projects grew by 3.4 percent, and the percentage of leased space increased to 2 percent.

Source:https://www.arabianbusiness.com/gcc/oman/oman-industries/how-oman-is-planning-to-supercharge-its-industrial-sector-by-2040

Abu Dhabi Ports and the Manufacturers Association of Israel (MAI) today signed an agreement to enhance trade, investment and technology cooperation between the United Arab Emirates and Israel, in the presence of His Excellency Falah Mohamed Al Ahbabi, Member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Ports.

The Memorandum of Understanding (MoU) opens a dialogue between Abu Dhabi Ports’ subsidiaries KIZAD and ZonesCorp , which are under its Industrial Cities and Free Zone portfolio, and MAI to contribute to the reciprocal expansion of trade, investment, and technological development, as well as improve research and development (R&D), innovation and cooperation in technology.

Abu Dhabi Ports, part of ADQ – one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, will also hold a webinar later this month for members of the MAI, to apprise them of the opportunities available in the emirate and specifically within the Industrial Cities and Free Zone.

The Manufacturers Association of Israel is the representative body of the country’s industrial sectors including private, public, kibbutz and government industries. With a membership of over 2,000 organisations and industrial plants, MAI members are responsible for more than 95% of the industrial production across Israel.

The MoU was signed by Captain Mohamed Juma Al Shamisi, Group CEO, Abu Dhabi Ports and Dr. Ron Tomer, President of the Manufacturers Association of Israel at Khalifa Industrial Zones Abu Dhabi (KIZAD) to agree on the cooperation and trade enhancement.

This is the first agreement signed by Abu Dhabi Ports with an Israeli trade organisation since the ratification of the peace agreement between the UAE and Israel, in Washington DC in September, and provides a clear, effective, and efficient framework for industrial cooperation, knowledge transfer and trade facilitation.

His Excellency Falah Mohamed Al Ahbabi, Member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Ports, said: “The UAE leadership’s vision for the region and the subsequent signing of the peace agreement sets a great precedent for industrial cooperation and offers a wide range of opportunities to businesses to enhance their networks of trade and manufacturing. Abu Dhabi Ports is well-positioned to offer Israeli industrial manufacturers the best solutions for their businesses within KIZAD and ZonesCorp. We look forward to engaging with our friends from Israel and welcoming them to experience our leading-edge services and facilities.”

Dr. Ron Tomer, President of the Manufacturers Association of Israel, said: “This initial agreement is the start of the new and warm trade relations that are emerging between Israel and the United Arab Emirates following the signing of the peace agreement. We plan to continue in this important path and promote cooperation between Israeli industry and high-tech to the business sector in the United Arab Emirates, and create new areas of trade that will open the economy, employment and society between the two nations, and beyond. ”

Captain Mohamed Juma Al Shamisi, Group CEO, Abu Dhabi Ports, said: “KIZAD and ZonesCorp offer the Israeli industry a unique opportunity to scale their businesses exponentially in a cost-effective, timely, clearly defined and efficient manner. Through Abu Dhabi Ports, KIZAD and ZonesCorp act as a catalyst for business by opening the door to more than 100 markets through the UAE’s Free Trade and bilateral agreements for Israeli manufacturers. We are committed to providing the means necessary for businesses to reach markets faster, more efficiently, and at low cost.”

Besides opening an ongoing dialogue to explore ways and means for the reciprocal expansion of trade, investment and technology development, the agreement paves the way for exchange of trade missions.

The industrial zone is part of Abu Dhabi Ports’ Industrial Cities and Free Zone portfolio, which has over 554 sqkm of industrial land, as well as 1,400 local, regional and international investors operating across the food, logistics, automotive, polymers, metals, oil and gas, life sciences, and advanced technology industries.

With a total area of 410 sqkm and 100 sqkm designated as free zone, KIZAD is the largest industrial hub for integrated trade and logistics in the region, offering investors a highly efficient base for their trading, manufacturing units, export operations, and related activities. KIZAD’s proximity to two major seaports, four international airports with a two-hour driving distance, multilane congestion-free highways and the upcoming rail terminal within the zone make it an ideal destination for businesses looking for a manufacturing base in the region.

ZonesCorp is the largest operator of purpose-built economic zones in the UAE, providing investors with a world-class, tax-free, platform that encourages growth. ZonesCorp’s economic zones are organised into vertically integrated clusters in complementary industries that bring upstream and downstream companies together, enhancing efficiencies, creating value chain benefits and providing a platform that encourages the incubation of industrial innovation.
Source:https://www.kizad.ae/2020/12/09/abu-dhabi-ports-and-manufacturers-association-of-israel-to-cooperate-on-trade-enhancement-tech-development-rd/