A total of 340 Japanese companies and 11,000 Japanese brands are registered in the UAE, it was revealed at a business meeting organised by the Abu Dhabi Chamber of Commerce and Industry (ADCCI) with a Japanese trade delegation.
The meeting aimed to brief the 12 Japanese companies present at the meeting about investment opportunities in Abu Dhabi’s business sector, reported state news agency Wam.
Helal Mohammed Al Hamli, deputy director-general of the Chamber, said: “Japan is one of the UAE’s key global trading partners, with their total non-oil foreign trade in 2018 being valued at some $14.77 billion. Japanese investments and advanced technologies also play a key role in supporting the UAE’s development process.
“There are more than 88 Japanese companies registered at the Ministry of Economy, along with 209 agencies and over 11,000 registered brands while the number of valid memberships registered at the chamber is about 44 companies.”
Masami Ando, managing director of the Japan External Trade Organisation (JETRO) which is based in the UAE, said that the relations between the UAE and Japan have recently witnessed many high-level bilateral visits, which have helped consolidate their economic ties, especially through the signing of a Memorandum of Understanding between their ministries that aim to expand their mutual trade and attract investments from Japanese small and medium-sized enterprises to the UAE.
There are currently over 340 Japanese companies operating in the UAE and more than 4,000 Japanese work and reside in the country, he added, noting that Japanese exports to the UAE in 2018 grew by six percent, reaching $8 billion while Emirati imports to Japan reached a value of $27.5 billion, an increase of 33 percent compared to 2017.
340 Japanese firms registered in UAE
Image courtesy: WAM
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