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Thursday, June 20, 2019

Khalifa Al Kaabi: The UAE Offers a Flexible Business Environment Supported by Advanced Legislations and High-Technology

Khalifa Matar Al Kaabi, Member of the Board of Directors of the International Labor Organization (ILO) for the employers' team, Chairman of the employers' team within the UAE delegation participating in the 108th session of the International Labour Conference (ILC) held in Geneva, Switzerland, stressed that the UAE's economic development strategy has paid great attention to the investments. As it offered a flexible business environment supported by a robust infrastructure and advanced legislative & technological structure that is capable of growth. This comes in parallel with the continuing efforts of the UAE to develop qualitative initiatives to enhance economic and financial competency, stimulate the investments & local production and develop the competitiveness.

Khalifa Matar Al Kaabi, Member of the Board of Directors of the International Labor Organization (ILO) for the employers' team, Chairman of the employers' team within the UAE delegation participating in the 108th session of the International Labour Conference (ILC) held in Geneva, Switzerland, stressed that the UAE's economic development strategy has paid great attention to the investments. As it offered a flexible business environment supported by a robust infrastructure and advanced legislative & technological structure that is capable of growth. This comes in parallel with the continuing efforts of the UAE to develop qualitative initiatives to enhance economic and financial competency, stimulate the investments & local production and develop the competitiveness.

He pointed out that while the foreign direct investment (FDI) flows have experienced a notable drop in the global level, the UAE has raised to the 27th place globally among the countries attracting FDI in the ranking of the United Nations Trade and Development Organization (UNCTAD) in 2019. This led more than 25% of the international companies to select the UAE as the headquarters of their regional operations in the Middle East and North Africa.

These remarks were made in a speech by Al Kaabi during the plenary of the Conference, on the discussion of the report of the ILO Director-General on "Working for a Brighter Future".

"The celebration of the 100th anniversary of the International Labour Organization (ILO) coincides with the UAE's celebaration of the 100th Anniversary Of Sheikh Zayed, the founding father of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan, who adopted a unique approach to the cultural and human development and always asserted that man is the issue & the solution and the focus on man serves as engine by which the societies can develop. The ILO Director-General concluded his report with these aspects in order to determine what steps should be taken towards a brighter future.", Al Kaabi said.

Al Kaabi referred in his speech that holding The 108th session of the International Labour Conference comes at a time when the labour world is experiencing rapid changes, subject to the digital transformation and artificial intelligence (AI) solutions as well as the orientation towards automation of many commercial and service activities, which put us before an unprecedented challenge to keep pace with these developments. That realization should motivate us to make a serious effort to harness them in order to ensure a brighter future for our people by working out the strategic plans needed to respond to those changes.

He also added that the UAE has realized these facts. Under the wise leadership of the UAE’s guidance, the UAE has launched a number of policies and strategies that aimed at contributing to the shaping of future and intervening to provide a rapid, effective and necessary response to the future challenges in many areas including the future of labour and investments as well as the sustainable development.

In his speech, Al Kaabi addressed the National Strategy of the Space Sector that aims at identifying the opportunities offered by investing in this sector and fostering the UAE's contribution to the global innovation, knowledge-based economy, indicating that about 40 billion dollars have been allocated to support the green economy and promote its contribution to the gross domestic product (GDP), in order to secure the UAE the third place among the top countries regarding the green investment projects, in parallel with the strive to double the number of green jobs by 2030.

 

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