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| First Indo-Arab trade summit to be held in Dubai | | | Dubai, Oct 31 A trade summit aimed at exploring business opportunities between India and the Gulf region is scheduled to be held here in December.
The first India-Arab World CEO Summit that will engage industry leaders, slated to begin on December 7 will be hosted jointly by Commerce Minister Kamal Nath and UAE's Minister of Economy, Shaikha Lubna Al Qasimi and will be held yearly.
"There is a centuries-old relationship between India and Arab world that extends beyond trade and culture," Nath said.
"It is natural that we should seek to strengthen and build on the relationship that exists," Shaikha Lubna added.
"India with an infrastructure investment requirement of over USD 150 billion in 10 years and an investor friendly policy environment, offers excellent investment opportunity over the long term," Nath said.
An India-Arab CEO guide would be launched at the event. The guide would be the first in a series of such guides which will accompany each of the CEO summits that Dubai-based Moutamarat will co-organise with business leaders of Brazil, Russia, India and China.
Moutamarat, a joint venture between Dubai holding and Saudi Research and Publishing Company has partnered with the Confederation of Indian Industry to generate unique and essential business knowledge for the Arab world.
The summits are articulated around a programme of annual region-to-region summits, targeting leading global emerging economies (Brazil, Russia, India and China), who with the their large populations and immense potential for growth have begun to attract substantial investments from the Arab world, Khalid Al Malik, Moutamarat CEO said. |
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