Japanese bank to increase investments in Emirati projects

Abu Dhabi, Oct 20 (IANS/WAM) A leading Japanese financial institution Wednesday assured the United Arab Emirates of increasing Japanese investments in various Emirati projects.

Executive director of the Japan Bank for International Cooperation (JBIC) Fumio Hoshi met with UAE Minister of Foreign Trade Sheikha Lubna Al Qasimi here and discussed ways of strengthening relations between the two countries.

At the meeting, they also reviewed the investments opportunities existing in the UAE and explored the possibility of Japanese companies stepping up their investments, especially in the fields of renewable energy, manufacturing, and technology.

The JBIC official asserted the keenness of his bank in bolstering financial and investment cooperation with all Emirati institutions.

Over 92 registered Japanese companies operate in the UAE in different sectors in addition to hundreds of Japanese firms working in the Free Zones.

–IANS/WAM