ADJEC stresses importance of investment opportunities in Abu Dhabi and Japan
than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy”.
outstanding investment opportunities”.
This year marks the 50th anniversary of Japan – UAE diplomatic relationship, and bilateral relations predate the diplomatic records as Japan started crude oil imports from Abu Dhabi in 1962,” said
has initiated activities and held workshops on water and electricity with Abu Dhabi Department of Energy, Emirates Electricity and Water Co. (EWEC), and TAQA to enhance cooperation in the sector,” .
This session coincides with the the 50th anniversary of the establishment of diplomatic relations between Japan and the UAE. The cooperation between our countries has been diversified further into non-energy sectors, enhancing trade, investments, and business such as renewables, advanced technology and robotics, artificial intelligence, health care, medical equipment and space”.
“UAE is Japan’s 10th largest trading partner globally in 2021 and meets nearly 23% of its total crude oil requirements. The strength of bilateral trade came post-Covid pandemic recovery, and the increase of main traded products such as motor vehicles, machineries and equipment, and aluminum,” .
“Japan’s FDI stock is estimated over $4 billion in 2021, while UAE’s outward FDI stock in Japan is valued at around $2.1 billion. Although investments by Japanese multinational companies significantly declined, new business perspectives have been developed between two countries such as Japan’s first fuel ammonia cooperation deal with ADNOC,”.
H.E. Isomata Akio, Japan’s Ambassador to UAE said, “The Council has significantly contributed to develop good bilateral relations between Japan and the UAE, and create business opportunities, through active discussion on energy, infrastructure, education and healthcare sector”.
H.E. added that “Innovation and youth education are important keywords for strengthening the bilateral relationship, noting that a joint declaration on the implementation of the comprehensive strategic partnership initiative is being prepared now and will be signed later this year”.
A memorandum of understanding was signed between Sumitomo Corporation, and
cooperation toward the era of carbon neutral and Japan’s Ministry of Economy, Trade and Industry presented Asia energy transition initiative.