The Dubai Investment Development Corporation (Dubai FDI), an agency of the Department of Economic Development (DED) in Dubai has signed a memorandum of understanding (MoU) with the Tunisia Economic City (TEC) to share knowledge and expertise on economic development strategies and attracting foreign investment.
The MoU is part of Dubai FDI’s efforts to facilitate investment inflows and support businesses to expand to new markets through Dubai.
Fahad Al Gergawi, CEO of Dubai FDI, and Dr. Riadh Khalifa Toukabri, President and Founder of Tunisia Economic City, signed the partnership agreement in the presence of His Excellency Adil Otaiba, Chairman of Amplex Holding Investment, Mrs. Alya Juma AlGhawi, Executive Partner at Partners Investment, Mr. Waddah Al Jabi, Representative of Tunisia Economic City in the UAE, and Mr. Nour Jabi, Dubai Branch Manager of Tunisia Economic City.
“Dubai is delighted to be partners with Tunisia Economic City, which is an initiative aligned with the emirate’s experience in attracting huge global investments as well as its success as an economic and tourist destination. The emirate is among the leading consumer markets and investment destinations in the world thanks to the vision of our leadership to achieve sustainable development competitiveness through eliminating all obstacles for investors around the world,” said Al Gergawi.
Al Gergawi added that Dubai FDI’s success in attracting foreign investments into Dubai owes largely to the ease of doing business and public-private partnerships in Dubai. Dubai has proven advantages as a competitive environment ideal for businesses to launch and expand their operations to new markets.
“Dubai FDI seeks to enable investors and businessmen to take advantage of the competitive environment in Dubai and works with them to meet their requirements. It is evident that investors and businesses find Dubai the best location to expand locally, regionally and globally.”
Dr. Riadh Khalifa Toukabri said that Dubai is one of the most successful economic experiences in the region, particularly the closest to Tunisia. “Dubai is the pride of every Arab citizen and this agreement will help us benefit from the emirate’s experience and attract substantial global investments. It will lead to the development Tunisian economy and achieve the vision of Tunisia Economic City and His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, who is a world leader.”
The two sides have decided to form a joint committee to co-ordinate and follow-up on the various aspects as agreed under the MoU.