UAE hopes for strengthening trade ties with South Africa
UAE, already bearing strong trade and diplomatic ties with South Africa, is interested in further enhancing their mutual relation in different segments by taking advantage from growing investment opportunities in the country. Ismaeel Obaid Al Ali, the UAE ambassador to South Africa hoped 100 per cent growth in the trade volumes with South Africa in the coming period.
The ambassador, speaking in the sidelines of the opening function of a hotel, added, "We are number one among the Gulf nations in trade with South Africa and eager to double or triple the existing import/export volume between the two countries."
Trade volume between two nations stood Dh4 billion in the first three quarters of 2009 which was at Dh6.6 billion in 2008. UAE feels the need to enhance relations with South Africa in the areas of tourism, trade, science & technology, energy and education for further pushing trade volume.
Al Ali hoped that UAE's top carriers Emirates and Etihad Airways would increase flight frequencies as a part of agreement signed between two nations in the wake of FIFA World Cup to be held in South Africa in June.
New Zealand News
- First deliveries of all-electric Porsche in Australia to take place this weekend
- Crown Resorts suffers record six-month loss due to COVID-19 closures
- Australia’s Crown Resorts 'not suitable' for Sydney gaming license: Inquiry Commission
- What Does Phasing Out Cheques Tell Us About Finance in New Zealand?
- South Korean casino operator GKL closes third casino amid soaring cases of COVID-19