Adil Faouzi’s Post

 A delegation of 40 Ukrainian companies will discuss the prospects of trade and investment partnerships and opportunities in the Saudi market with a group of Saudi companies on Thursday in Riyadh, according to Al Arabiya Business. https://lnkd.in/gSydqw2h

SOUTH AFRICA AND SAUDI ARABIA STRENGTHEN TRADE RELATIONS WITH ACTION PLAN South Africa is taking significant steps to enhance its trade relationship with Saudi Arabia by focusing on the export of value-added goods and services. During the opening of the South Africa-Saudi Arabia Business Forum in Johannesburg, Minister of Trade, Industry, and Competition, Parks Tau, announced a comprehensive action plan aimed at implementing various initiatives over the next two years. This plan reflects a commitment to institutionalize the trade relationship and ensure accountability in delivering on mutual commitments. Minister Tau highlighted the importance of the Joint Economic Commission and the South Africa-Saudi Arabia Joint Business Council in strengthening commercial ties. While trade between the two countries has seen impressive growth, rising from $6.6 billion in 2022 to $8.1 billion in 2023, Tau acknowledged the need to balance the trade relationship, which currently favors Saudi Arabia. He stressed the importance of diversifying trade into key sectors such as agro-processing, technology transfer, and renewable energy to foster a more equitable partnership. Encouraging both Saudi and South African businesses to explore new investment opportunities, Minister Tau emphasized South Africa’s role as a gateway to Africa’s vast market potential. He expressed optimism about the future of bilateral relations, believing that the goodwill between the nations will yield substantial economic benefits. This renewed focus on cooperation marks a pivotal moment for both countries as they seek to forge a more balanced and beneficial trade partnership. #TradeRelations #SouthAfrica #SaudiArabia #EconomicGrowth #BusinessForum

Expanding Economic Partnerships The United Arab Emirates and Uzbekistan are working to strengthen their trade and business relationships A delegation from the UAE recently visited Uzbekistan to explore new opportunities for cooperation Both countries see advantages to boosting bilateral economic ties. The visit was productive for businesses on both sides Over 125 meetings took place between UAE representatives and Uzbek officials/companies Presentations highlighted sectors primed for investment like energy infrastructure manufacturing and agriculture Officials signed six agreements to facilitate collaboration between organizations Existing links are already extensive with over 320 Emirati firms operating in Uzbekistan through joint ventures or full subsidiaries. There is evident potential to significantly grow the economic relationship Current trade volumes stand at $1.9 billion annually but both want this to rise further Uzbekistan is working to attract foreign investment by improving its policies The open business climate makes investment easier according to officials Partnerships formed during the delegation trip will support businesses aiming to capitalize on sectors with joint opportunities Strengthening commercial connections forms part of each country strategy to expand trade networks globally.

The Malaysia-UAE Comprehensive Economic Partnership Agreement (MY-UAE CEPA) is set to be effective by the end of 2024. The agreement is aimed at boosting trade and investment between Malaysia and the UAE, covering aspects such as trade, investment, digital economy, and Islamic finance. This agreement marks Malaysia's first CEPA with a GCC (Gulf Cooperation Council) nation. In 2023, the UAE emerged as Malaysia's second-largest trading partner in West Asia, with trade between the two countries reaching US$8.67 billion. Moreover, the agreement is expected to enhance investment, with Emirati projects in Malaysia creating over 2,000 jobs. Read more: https://lnkd.in/g622jgDd #QuantermLogistics #QuantermNews #MalaysiaUAE #CEPA #BilateralTrade #EconomicPartnership #GlobalInvestment #TradeGrowth #FreightFowarding #Import #Export

The UAE 🇦🇪 and Serbia 🇷🇸 have signed a Comprehensive Economic Partnership Agreement (#CEPA) aimed at increasing bilateral trade to $500 million over the next five years. Witnessed by UAE 𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 𝐒𝐡𝐞𝐢𝐤𝐡 𝐌𝐨𝐡𝐚𝐦𝐞𝐝 𝐛𝐢𝐧 𝐙𝐚𝐲𝐞𝐝 𝐀𝐥 𝐍𝐚𝐡𝐲𝐚𝐧 and  𝐒𝐞𝐫𝐛𝐢𝐚𝐧 𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 𝐀𝐥𝐞𝐤𝐬𝐚𝐧𝐝𝐚𝐫 𝐕𝐮č𝐢ć, the CEPA represents a significant milestone in strengthening economic ties between the two nations. The agreement will promote investment, knowledge-sharing, and opportunities for joint ventures, especially in high-growth sectors such as #renewableenergy, #agriculture, #infrastructure, and #logistics. With tariff reductions across 96% of goods, CEPA sets the stage for sustainable growth and deeper collaboration. Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, highlighted that the CEPA is a bridge to the Balkans and Southeast Europe, unlocking new economic opportunities. He emphasized the UAE’s position as Serbia's largest Gulf trading partner and expects this partnership to 𝗮𝗱𝗱 $𝟯𝟱𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗔𝗘’𝘀 𝗚𝗗𝗣 𝗯𝘆 𝟮𝟬𝟯𝟮. As part of the UAE's broader CEPA programme, this agreement further aligns with the nation’s goal of reaching $1 trillion in trade value by 2031. 🚀 The UAE-Serbia CEPA marks a pivotal step in the UAE's global trade expansion strategy.

Turkey and Algeria: A Billion-Dollar Partnership in Action! Did you know Turkey is now Algeria’s top foreign investor? 🌍💰 With over 1,700 Turkish companies operating in Algeria and trade reaching $6.3 billion, the two nations are setting their sights on a $10 billion target. 🚀 This growing alliance is more than just numbers—it’s about strategic collaboration, new opportunities, and the shared vision of leaders to transform their economies. 🤝✨ Curious to know how this partnership is shaping Africa’s investment landscape? Read the full story here: https://lnkd.in/e2CNUzDa #Investment #Turkey #Algeria #EconomicGrowth 🌟

The UAE has signed Comprehensive Economic Partnership Agreements (CEPA) with Mauritius and Morocco, marking a significant milestone in UAE-Africa trade relations. These agreements aim at enhancing bilateral trade and investment flows across the continent. At Jafza, we support African businesses with cost-effective setup solutions through our Africa Business Incubation Centre. Today, over 600 companies from the African continent are thriving in Jafza, leveraging the resilient global connectivity provided by Jebel Ali Port. This strategic advantage seamlessly connects them to global markets, facilitating business expansion and growth.

𝐑𝐄𝐀𝐃| 𝐃𝐓𝐈 𝐅𝐨𝐫𝐞𝐢𝐠𝐧 𝐓𝐫𝐚𝐝𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐂𝐨𝐫𝐩𝐬 𝐞𝐱𝐩𝐥𝐨𝐫𝐞𝐬 𝐦𝐨𝐫𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐰𝐢𝐭𝐡 𝐏𝐄𝐙𝐀 Pasay City, Philippines — The Department of Trade and Industry’s Foreign Trade Service Corps (DTI-FTSC) Middle East Team called on Philippine Economic Zone Authority (PEZA) Director General Tereso O. Panga to discuss business opportunities in the Middle East, particularly in agribusiness, logistics, and ecozone development. The meeting underscored the stronger economic partnership between the Philippines and the Middle East observed in the past couple of years, such as in the ongoing Comprehensive Economic Partnership Agreement (CEPAs) negotiations with the United Arab Emirates (UAE). Slated to be the Philippines’ first free trade agreement with a Middle Eastern country, the PH-UAE CEPA is envisioned to further boost trade between the two countries, attract more investments from the UAE, and create more opportunities for professionals and service providers. To further strengthen the country’s economic relations with the Gulf region, the DTI is also set to open its trade and investment promotion office in Riyadh, Saudi Arabia, augmenting the DTI offices in Dubai and Tel Aviv. With the changing economic landscape in the Middle East, Gulf countries are diversifying its sectors away from oil and exploring more opportunities in agriculture and manufacturing, among others. This is an opportunity for the Philippines to present itself as an attractive destination for more Gulf investors. PEZA extended its full support to FTSC in harnessing more investments from the Middle East. PEZA also highlighted its strong partnership with the private sector in developing economic zones and finding potential local partners for interested foreign investors. #DTIForeignTradeServiceCorps

IPA and SwissCham Egypt are joining forces to strengthen economic ties between Egypt and Switzerland. This strategic partnership is set to boost foreign investments, open new market opportunities, and empower businesses to expand across Egypt and the MEA region. Together, we’re driving sustainable growth and unlocking new opportunities. #PublicPolicy #PublicAffairs #Investment #SwissCham #BusinessGrowth #MEA #Switzerland #EconomicDevelopment #SustainableGrowth #StrategicPartnership

MEEI Program , we are dedicated to strengthening bilateral trade between Nigeria and Turkey. By fostering collaborations and supporting investors from both countries, we are driving economic growth and creating lasting impact. https://lnkd.in/dFVkhE3d #BilateralTrade #NigeriaTurkey #EconomicGrowth #InvestmentOpportunities #MEEIProgram #BusinessSummit #InternationalTrade #EconomicDevelopment #GlobalBusiness