“I am very happy to visit my second country and meet with my
brothers at GACA and businessmen. Such visits will have a mutual benefit for
both of us,” said Sheikh Saeed, adding that the main purpose of his visit is to
activate travel between both countries and facilitate any problems, especially
with the large number of Saudis who visit Dubai every year.
He also said that government-owned companies are often put
on IPOs (initial public offerings) and that he sees no reason to privatize
local companies. He also criticized Western countries for strengthening their
regulations on Gulf companies because they are supported by local governments.
He also said that Emirates airlines achieved over $1 billion
in the first six months of 2010, and that Dubai airport receives 45 million passengers
every year, which shows that the country is not only relying on real estate but
also other industries such as tourism and exports.
Al-Maktoum, who is also chairman of the Dubai Supreme Fiscal
Committee, said the Emirate is recovering from the real estate recession.
GACA President Abdullah Rehaimi received Al-Maktoum and
expressed his happiness to meet UAE delegation. He also expressed his
confidence that this meeting will boost cooperation between the two countries,
especially when it comes to businessmen traveling between the two countries.
