UAE Investment Map project strengthened by strategic business partnership
- United Arab Emirates: Monday, September 24 - 2012 at 12:15
- PRESS RELEASE
Dar Al Tawasel Est. has announced the partnership with Bank of Sharjah and the Saeed & Mohammed Al Naboodah Group to support the growth and success of the UAE Investment Map (UAEIM) project.
UAE is ranked 33rd in the world for 'ease of doing business'. Although the country fosters a business friendly environment, setting up a company or investing in a new country can be a daunting task without guidance and support from a knowledgeable and dependable local associate. The combined understanding and business acumen offered by this partnership will strengthen UAEIM as an essential resource for investors and entrepreneurs, from around the world, interested in investing in the UAE.
HH Sheikh Juma Bin Maktoum Al Maktoum, Chairman of Dar Al Tawasel said, "We are excited about this alliance and the immense potential for achievements that this strategic partnership offers. Both Bank of Sharjah and Saeed & Mohammed Al Naboodah group have had hands-on role in their respective sectors that has contributed to the progress of the Nation's economy. Both the organisations offer a wealth of business knowledge and connections which will enhance UAEIM as the ultimate investors' guide in the UAE. The UAE Investment Map is an initiative under the Federal Ministry of Economy that aims to promote and attract global investors to the country through various activities such as an interactive and state-of-the-art web portal, conferences, exhibitions and international road shows."
Varouj Nerguizian, Executive Director and General Manager of the Bank of Sharjah said, "The UAE offers a lucrative economy and business-friendly environment that attracts global businesses. Through this partnership the Bank is keen to offer its services and expertise to further support potential investors who use UAEIM facilities for their business and investment decisions."
Bank of Sharjah was incorporated in 1973 and has witnessed the progression of the UAE as an international hub for investment, commerce and tourism. The Bank has successfully managed to sustain a sound financial position while the world economy underwent challenges.
Backed by a successful national standing, Bank of Sharjah established the Emirates Lebanon Bank S.A.L, a product of the combined purchases of Banque de la Bekaa SAL in Lebanon and Banque National de Paris Intercontinental, Beirut. This pioneer banking venture by the UAE in Lebanon has been well received by both markets.
In line with the expansion strategy, the Bank of Sharjah recently signed a cooperation agreement with the Commerzbank International S.A to set up a new Private Banking and Wealth Management Division (PBWA). The agreement resulted in the opening of a new niche branch in Motor City, Dubai specialising in the same.
Mr. Abdullah Mohammed Al Naboodah, Chairman of the Saeed & Mohammed Al Naboodah Group said, "We are eager to be involved in any event or initiative that will fit with our strategic plans for the Group and specific business units along with the progress of the Nation."
With a history of over 50 years of excellence in the UAE the Saeed & Mohammed Al Naboodah Group consists of more than 20 companies, offering a diverse portfolio of services and products through its four core business sectors - construction, commercial, investments and real estate.
UAEIM is executing various initiatives this year such as the establishment of a cutting edge web portal, organising international road shows, hosting an Investment Map Forum and eventually will be establishing foreign offices. The institution also provides a free of cost business consultancy services to first time foreign investors in the UAE.
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