Dubai Properties highlights strategic value of Middle East business at US-Arab Economic Forum

Addressing over 1,500 business leaders and policy makers, Haiyan Mujarkech, Chief Officer, Dubai Properties said: "If we are to change perceptions of US-Arab trade, we must show that 'strategic value' translates into tangible benefits, that people understand how these benefits have been made possible by trade.

"The challenge is how best to achieve a balance in trading infrastructure, so that benefits are not weighted too heavily in favour of one partner. In this respect, more bilateral agreements must be encouraged, and the US can help by providing the Arab world with technical assistance for economic reform, promotion of the private sector, the provision of financial aid, and helping to achieve peace and stability in the region."

Haiyan also stressed on intra-cultural relations as an integral part of Dubai Properties' business practice, policy, and operational strategy.

"Our corporate responsibility as an organisation is to address the ethical, social and environmental impact of business operations within the markets in the Middle East.

"International trade can help bring this about by being an 'engine of job creation' - particularly increased intra-regional trade. Generating new jobs for a rapidly growing labour force is imperative for most Middle Eastern countries - even the relatively wealthy members of the Gulf Cooperation Council."

Reiterating Dubai Properties' primary focus of bridging the job gap with economic reform, business investment, and private-sector development, Haiyan said: "Human capital is a key component of economic reform and increasing competitiveness in the Arab region. Its further development is essential to enhance the region's integration with the globe."

Haiyan invited global decision makers to become partners in the transformation taking place in the Middle East.

"We have a tradition of embracing change. Our economy encourages competition to foster dynamism. Our businesses challenge old habits that add costs and reduce service. I invite America to reach out to the countries of the Middle East as a respectful partner - for peace, development, and hope. That is the spirit of transformation we want to share with you."

Dubai Properties' participation in the US-Arab Economic Forum is in line with the UAE's vision to bridge cultures through commercial initiatives. It also reflects DP's corporate philosophy to promote investments and integration into the region.