Economy can deal with challenges: Al Mansouri

Dubai: Sultan Bin Saeed Al Mansouri, Minister of Economy, said the UAE economy is strong and offers strong investment opportunities across varied sectors including aviation.

He also commended the ability of the Dubai economy to deal with global challenges.

Al Mansouri presented the robust outlook of the national economy at a meeting with the Prime Minister of Lower Saxony Christian Woolf and an accompanying German delegation. He also invited Airbus, which has an operational base in Lower Saxony, to leverage the capabilities offered by the UAE.

The UAE and the visiting delegation reviewed the strategic relations between Germany and the UAE, and the need to strengthen the framework of mutual cooperation in all economic and commercial aspects.

Al Mansouri explained the economic developments in the UAE and the country’s ability to achieve sustained growth rates to the delegation. He said that expected inflation in 2010 will not exceed 2 per cent, reflecting positive results.

Al Mansouri stressed the government’s vital role in dealing with challenges swiftly. He said that the tourism sector is witnessing rapid growth as a result of the wise leadership and directives to position the UAE as an ideal tourist destination. He also discussed with the delegation possibilities for cooperation in small and medium enterprises, a sector that has achieved landmark growth in Germany.

Christian Woolf said: “The UAE government’s efforts to boost the national economy can be observed through its great achievements and prosperity. We look forward to benefiting from the expertise available here.”

By: Gulf news