DUBAI, 5 July 2006 — A 16-member delegation of leading logistics players from Singapore visited Dubai on a fact-finding mission inspired by Dubai’s “can-do” business ethos and fast growing economic rate.
The mission is exploring Dubai’s investment and trading opportunities and studying the United Arab Emirates’ rapid rise on the international economic and trading scene. The delegation is being headed by Loh Khum Yean, CEO, Standards, Productivity and Innovation Board (SPRING) — a Singapore government agency focused on enterprise development.
Top of the agenda for the visiting entrepreneurs’ five-day trip was a presentation by Dubai Logistics City (DLC) — the first phase of the giant Dubai World Central urban aviation community being built at Jebel Ali just 40 kilometers from Dubai city centre.
“This visit has enabled us to understand Dubai’s long-term vision for economic prosperity and Singaporean entrepreneurs should be able to look to this forward-looking emirate for investment and trading opportunities,” said Yean. “Singapore has nearly $80 billion of foreign direct investment overseas of which only three per cent is in the Middle East. Statistics for the last eight years show that business is picking up as the city-state’s trade with the UAE grew from $1.8 billion to $4.1 billion.”
The visit follows DLC’s participation at Singapore’s SCM Logistics World end of last year — an event which marked the unveiling of DLC’s unparalleled geographical-hub position and its unique link between the Far East and European/African markets.
