COMESA 'can use Dubai to promote investment'

25/03/2011 - Dubai Investment News Posted by Neil King
COMESA 'can use Dubai to promote investment'

The countries in the Common Market for Eastern and Southern Africa (COMESA) can use Dubai as a platform to promote their international trade and flow of investment into the region.

This view was highlighted during a debate at the recent COMESA Investment Forum 2011.

Hisham Al Shirawi, second vice-chairman at the Dubai Chamber of Commerce and Industry in the UAE, observed that there are several types of businesses which can be successful in COMESA.

He added that there is abundance of rich resources, including water and fertile land in Africa.

"While UAE can help COMESA countries build their infrastructure, it can secure itself for food with their help," he said.

"Taking advantage of the time difference, Dubai can import fresh flowers and fruits from COMESA region and transfer them to European markets," he added.

Meanwhile, a senior official at the UAE Central Bank claimed recently that the UAE economy is poised to see growth of at least three per cent in 2011.

The official claimed that this year could even see economic growth of five per cent, Gulf News reported. ADNFCR-2019-ID-800477196-ADNFCR