NSW Government and UAE delegation get down to business
Media release | 21 November 2017
NSW Trade and Industry Minister Niall Blair today welcomed to Sydney a high-powered business delegation from the United Arab Emirates (UAE), here to build on the strong economic and cultural connections between NSW and the UAE.
Mr Blair said 15 UAE delegates led by His Excellency Sultan Bin Saeed Al Mansouri joined state government representatives and businesses at Parliament House to discuss two-way trade opportunities and learn about NSW capabilities.
“The UAE is one of NSW’s top priority markets worldwide and an important export destination,” Mr Blair said.
“There are strong opportunities for us to take advantage of the growing business and cultural opportunities available in the Middle East and we want to work with the UAE to further develop the significant investment and trade growth we have built together.
“Our manufactured exports to the UAE have grown by almost 7 per cent a year over the last five years to $330 million, but given the significant links between our economies we see this as just the start.”
There are now more than 300 Australian companies with a presence in the UAE, with NSW’s strengths evident across a diverse range of sectors, including construction, infrastructure, food, healthcare, and manufacturing.
The NSW Government will explore how it can tap into growing demand for quality foods in the UAE and the extensive food supply chains across the region.
The Gulf region’s increasing investment to modernise and diversify its economies brings great opportunities in trade, investment, innovation and skills transfer.
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