By: Priyanshi Mishra
Abdullah bin Touq Al Marri, the Minister of Economy, was among the key participants at the CII Partnership Summit 2023 held in New Delhi, India from 13th to 15th March. The summit brought together prominent leaders and experts from various industries to discuss partnerships for responsible, accelerated, innovative, sustainable and equitable businesses. The theme of the summit highlights the need for collaboration between nations and businesses to achieve sustainable development goals and promote the use of technology in driving economic growth.
In his speech at the summit, Bin Touq emphasized the strong economic ties between the UAE and India. He mentioned that both countries share a belief in the potential of fair and sustainable trade that is based on clear foundations and rules. The UAE’s strategic location as a leading trade, investment and business hub has reinforced its ability to serve as a strategic partner to India. India, on the other hand, is one of the most vibrant economies worldwide and has a wealth of resources, expertise and innovative ideas.
The Minister of Economy also highlighted the UAE’s strengths in providing logistics, financial services and technology, which have further strengthened the bilateral ties between the two countries. He reiterated that the UAE’s position as India’s third-largest global trading partner reflects the strong economic partnership between the two nations.
The CII Partnership Summit 2023 provided an excellent platform for leaders and experts from different industries to exchange visions and ideas for sustainable development. The summit aimed to identify new opportunities for partnerships that can drive economic growth while promoting social and environmental responsibility. Bin Touq’s participation in the summit reflects the UAE’s commitment to strengthening economic ties with India and promoting responsible and sustainable trade.
The CII Partnership Summit 2023 served as an excellent opportunity for the UAE and India to further strengthen their economic partnership. The summit also provided a platform for discussions on several critical issues, including the promotion of trade and investment between the two countries.
Bin Touq’s speech at the summit emphasized the importance of leveraging technology to drive economic growth. The UAE has been at the forefront of adopting new technologies to enhance its economic competitiveness. The country has made significant investments in artificial intelligence, blockchain, and other emerging technologies. The UAE has also established itself as a leading provider of digital infrastructure and services, making it an attractive destination for tech companies looking to expand their footprint in the region.
The UAE’s investments in technology have already had a significant impact on its economy. The country’s digital transformation has driven growth in several sectors, including finance, logistics, and healthcare. The UAE has also become a leader in smart city initiatives, with several cities in the country adopting advanced technologies to enhance their livability and sustainability.
Bin Touq’s participation in the CII Partnership Summit 2023 reflects the UAE’s commitment to expanding its economic partnerships globally. The country has been actively pursuing trade agreements with several countries, including India, to diversify its economy and reduce its reliance on oil revenues. The UAE’s strategic location at the crossroads of Asia, Europe, and Africa has also made it an attractive destination for businesses looking to access these markets.
The CII Partnership Summit 2023 provided an excellent opportunity for the UAE and India to strengthen their economic partnership. The summit highlighted the need for collaboration between countries and businesses to drive sustainable economic growth. Bin Touq’s participation in the summit reflects the UAE’s commitment to promoting responsible and sustainable trade while leveraging technology to enhance its economic competitiveness. With the UAE and India’s shared vision for sustainable and equitable growth, their partnership is poised to drive economic development in the region and beyond.