President Ferdinand Marcos Jr. and UAE Minister of Investment Mohamed Hassan Al-Suwaidi discussed expanding trade and investment opportunities between the Philippines and the UAE, highlighting key sectors like infrastructure, renewable energy, AI, healthcare, and education.
President Ferdinand Marcos Jr. has expressed optimism about increased trade and investment opportunities between the Philippines and the United Arab Emirates ( UAE ) following a meeting with UAE Minister of Investment Mohamed Hassan Al-Suwaidi. Marcos stated that the UAE recognizes the Philippines ' potential as a 'center of business and trade' in the region, leading to discussions on expanding cooperation in key sectors.
These sectors include infrastructure, renewable energy, artificial intelligence, healthcare, and education. During the meeting, Marcos emphasized the UAE's visit as a testament to both countries' commitment to deepen their partnership. Al-Suwaidi echoed this sentiment, highlighting the 'very deep' relationship between the two nations and acknowledging the exceptional contributions of Filipino nurses in the UAE. He also expressed surprise at the lack of historical investment, emphasizing the vast potential in areas such as infrastructure, industrial mining, telecommunications, data centers, renewables, and healthcare. This meeting builds on Marcos' visit to the UAE in November 2024, where he met with UAE President Sheikh Mohamed bin Zayed Al-Nahyan and discussed expanding bilateral relations. Notably, both countries have already signed agreements to develop solar, wind, and battery energy storage systems in the Philippines, with a total investment of $15 billion by 2030. They have also agreed to collaborate on high-capacity data center projects, attracting investments from UAE companies like Edgnex Data Centers. The UAE has emerged as a significant trading partner for the Philippines, ranking 18th in 2023 with approved investments totaling P376.71 million. Priority sectors for investment promotion to the UAE include agribusiness/agriculture, energy efficiency technologies and renewable energy, infrastructure or public-private partnership projects, innovation (artificial intelligence), information technology, and business process management
Philippines UAE Trade Cooperation Investment Infrastructure Renewable Energy Artificial Intelligence Healthcare Education
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