Thu, 28 Sep 2023

MADRID, 24th June, 2022 (WAM) -- The UAE Embassy in the Kingdom of Spain has organised the "Madrid and the New Middle East" conference, which focused on economic and investment diversity in the UAE.

The event saw the participation of Majid Al Suwaidi, UAE Ambassador to the Kingdom of Spain, and Isabel Diaz Ayuso, President of the Community of Madrid. Jose Luis Martinez-Almeida, Mayor of Madrid, and Rodica Radian Gordon, Ambassador of Israel to Spain, were also present along with a number of business professionals from the UAE and Spain.

In his speech during the conference, Al Suwaidi reviewed the UAE's strategies to achieve economic diversification, which have increased the contribution of non-oil sectors to the national economy, such as manufacturing, aviation, tourism, banking, trade, real estate, services and alternative energy projects.

Al Suwaidi said that the UAE Government is taking steady steps to promote the contribution of these sectors to the national economy, and the economic and commercial partnerships that the UAE enjoys with key global investment entities play an important role in attracting foreign investment.

For her part, Isabel Diaz Ayuso emphasised the importance of positioning Madrid as a leading economic hub, while pledging to continue to cooperate on initiatives related to digitalisation, cybersecurity and entrepreneurship.

She praised the continuous development in relations between the UAE, Spain and Israel, which is reflected in the steady increase in trade exchange between the three countries in recent years.

For her part, Rodica Radian Gordon praised the signing of the Abraham Accords, commending the Accords' significant impact on achieving stability in the region, stressing that this progress has become tangible in many memoranda of understanding signed by the UAE and Israel in various fields, especially in the economic, commercial and investment areas.

She referred to the possibility of benefiting from the distinguished relations that bring together the UAE, Spain and Israel to boost cooperation in the fields of investment and political engagement.

Jose Luis Martinez-Almeida highlighted the significance of these events in exploring additional cooperation at the economic and investment levels.

For his part, Gerardo Seeliger, President of Madrid Open City, hailed the UAE's leading position in the global economy, as it is a promising economic and investment environment capable of advancing economic growth as a result of national strategies to encourage and attract global investments.

The "Madrid and the New Middle East" conference comes as part of efforts by the UAE Embassy in Madrid to promote the UAE's creation of a supportive and attractive economic environment for foreign investment.

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