More than 100 government and business leaders from the UAE and Caribbean countries will attend the debut UAE & Caribbean Cooperation Forum, to be held in Dubai, UAE, and will explore potential to boost economic cooperation between the UAE and Caribbean region.
The event will take place from November 24 to 26, at the Ritz-Carlton, and is being co-organised by the UAE Ministry of Foreign Affairs and International Cooperation and Dubai Chamber of Commerce and Industry, in partnership with the UAE Ministry of Economy and the UAE Ministry of Culture and Knowledge Development.
The overview for the UAE-Caribbean Cooperation Forum reads:
Throughout the Caribbean, businesses and governments are looking towards the next phase of growth and development. The region continues to remain vulnerable to risks and mitigating these will require improved resilience on many levels. Taking a step towards economic diversification as well as accelerating development into new areas will bring them closer to achieving the growth needed.
The inaugural UAE-Caribbean Cooperation Forum 2018 will explore the economic potential of future ties between these two regions. It will provide an occasion for government leaders, senior business representatives and other high-profile delegates to identify emerging drivers for joint opportunities and collaboration between the UAE and the Caribbean
High-level discussions, sessions and presentations at the forum will identify new partnership opportunities between the UAE and Caribbean countries, and place a strong focus on trade, investments, development and cultural exchange, said a statement from the organisers.
Announcing the forum, Reem Bint Ebrahim Al Hashimy, Minister of State for International Cooperation, said: “As the UAE forges forward on its journey to development, it walks in the footsteps of its founding father, the late Sheikh Zayed bin Sultan Al Nahyan, perpetuating the values of human development, supporting and assisting communities around the world to ensure none are left behind in meeting sustainable development goals.”
“The upcoming forum is a manifestation of the bridges we have built over the years with the countries of the Caribbean, where economic, cultural and developmental cooperation and partnerships come together to nurture mutual and general efforts to build a better world for future generations,” she added.
Furthermore, the UAE-Caribbean Renewable Energy Fund (UAE-CREF), launched during Abu Dhabi Sustainability Week 2017, marked a turning point in bilateral relations between the two regions in key sectors, most notable of which are clean energy and infrastructure – both vital for sustainable economic development.
On the sidelines of Abu Dhabi Sustainability Week 2018 in January of this year, the Dh183.6 million ($50 million) UAE-CREF announced the launch of the second funding cycle through partnerships with seven new Caribbean countries, which will substantially contribute to the growth and development of the renewable energy sector in Belize, the Dominican Republic, Grenada, Guyana, Haiti, St. Kitts & Nevisand St. Lucia.
Read more at TradeArabaia.com
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