– Hamdan bin Mohammed concludes first official go to to India, commends sturdy bilateral partnership
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, concluded his first official go to to India, throughout which he met with senior Indian management to discover methods to spice up bilateral cooperation and deepen partnerships throughout key strategic sectors.
His Highness counseled the longstanding partnership between the 2 nations within the journey towards a affluent future, saying that the connection is rooted in mutual belief and respect. His Highness additionally mentioned that the ties between the 2 nations and their peoples are exemplary and proceed to develop, pushed by a shared dedication to increasing cooperation throughout very important sectors in help of their sustainable improvement objectives.
In the course of the go to, His Highness met with Indian Prime Minister His Excellency Narendra Modi and conveyed the greetings of the UAE management.
Highlighting India’s wealthy civilisational heritage and huge inhabitants, Sheikh Hamdan famous that commerce has lengthy served as a bridge between the 2 nations. Right now, he mentioned, each international locations are working collectively to form a brighter future by way of innovation, know-how, and collaboration throughout very important sectors.
On the sidelines of the go to, His Highness witnessed the signing of eight Memorandums of Understanding (MoUs) aimed toward strengthening collaboration throughout key sectors similar to infrastructure, healthcare, greater schooling, maritime providers, logistics, and personal sector engagement. These MoUs construct on the momentum of the 2022 Complete Financial Partnership Settlement (CEPA) and the Bilateral Funding Treaty (BIT), which have created a powerful basis for a extra open, safe, and investment-friendly financial relationship. This progress is mirrored in notable achievements, similar to a 20% enhance in bilateral commerce in 2024, reaching AED 240 billion in comparison with 2023.
His Highness Sheikh Hamdan bin Mohammed additionally praised the UAE’s personal sector for his or her key position in increasing the nation’s world financial ties by way of strategic tasks and investments. He additionally counseled nationwide financial establishments for setting a forward-looking instance in adopting superior, tech-driven options that help sustainable improvement.
Sheikh Hamdan additionally attended the opening of the second consultant workplace of the Dubai Worldwide Chamber in India, positioned in Bengaluru. Sheikh Hamdan additionally visited the Bombay Inventory Change (BSE), one of many oldest inventory exchanges on the planet and the primary in Asia, established in 1875.
Moreover, His Highness inaugurated DP World’s state-of-the-art Free Commerce Warehousing Zone (FTWZ) – the Nhava Sheva Enterprise Park (NSBP) – in Mumbai, India. This marks DP World’s third FTWZ in India, with an funding exceeding US$200 million (AED 735 million).
In the course of the go to, His Highness was accompanied by a high-level delegation that features His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Govt of Emirates Airline and Group; His Excellency Mohammad bin Abdullah Al Gergawi, Minister of Cupboard Affairs; Her Excellency Reem bint Ebrahim Al Hashimy, Minister of State for Worldwide Cooperation; His Excellency Dr. Ahmad Belhoul Al Falasi, Minister of Sports activities; His Excellency Abdulla bin Touq Al Marri, Minister of Financial system; His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Monetary Affairs; and His Excellency Omar bin Sultan Al Olama, Minister of State for Synthetic Intelligence, Digital Financial system, and Distant Work Functions. The delegation additionally contains a lot of senior officers and leaders representing totally different financial sectors.
Observe Emirates 24|7 on Google Information.