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Dubai aims for top ranks in MICE globally

Dubai, which is the No.1 business events destinations in the Middle East, aims to become among the top 10 destinations globally, according to a top government official. Dubai's status as a premier business event destination for some of the world's most prestigious events has been reinforced by the latest rankings published by the Union of International Associations (UIA), which saw the city maintain its 14th position in the 2015 International Meetings Statistics report.

Last month, the Dubai World Trade Centre (DWTC) reported that it led the region's MICE sector activity in 2015, hosting 104 "large-scale" events that attracted a total of 2.6 million attendees through the year, of which 1.19 million were from overseas resulting in nearly 46 per cent international participation at these events. In addition to the DWTC, a couple of big five-star hotels are also favourites for big regional and international events in the emirate such as Madinat Jumeirah and Atlantis the Palm.

We are immensely proud of the fact that Dubai has maintained its strong position in the UIA's rankings in the face of renewed competition and strong economic headwinds, globally, said Issam Kazim, chief executive officer of Dubai Corporation for Tourism and Commerce Marketing.

Kazim added, Our aim remains to break into the top 10 destinations and, together with our partners, I am confident that we will achieve this as we build a global knowledge hub here in Dubai.

The latest affirmation of Dubai's standing comes on the back of its selection to host the World Expo in 2020. Dubai expects to attract as many as 20 million visitors by 2020. This year's International Meetings Statistics Report is the 57th edition of the UIA's analysis of trends in the international meetings industry, showing consistency in Dubai's rise among international meeting cities, after rising seven places in just two years - up from 21st in 2013.

The announcement follows another impressive showing in the standing of the world's top association meetings cities, as annually tracked by the International Congress and Convention Association (ICCA). Released in May of this year, the 2015 ICCA Country and City Rankings track the number of rotating international association meetings that take place around the world each year. In 2015, a total of 56 were hosted in Dubai. This volume of events allowed the city to retain its top 50 position globally, ranking 46th, following a significant leap from 63rd place in 2013. In the Asia-Pacific and Middle East region rankings, Dubai also improved its position, moving up two places from number 12 to 10.

Firmly positioned as the No.1 business events destination in the Middle East, Dubai also entered the league of "Top 25 Meeting Destinations in Europe Middle East and Africa" - a first in another major industry ranking annually tabulated by Cvent.

The leading cloud-based event management platform evaluates over 2,500 cities determined by a set of qualifying criteria including meeting and event booking activity in the Cvent Supplier Network, as well as the number of meeting and event venues available in the destinations ranked.

Source<> http://www.khaleejtimes.com/business/local/dubai-aims-for-top-ranks-in-mice-globally

Dubai company investing P250m to build clinics in PH

Aster DM Healthcare, a company based in Dubai, is investing P250 million to build at least five ambulatory clinics in the Philippines over the next 18 months.

Aster teamed up with local company Casam Holdings Inc. of businessman Sammy Lim to roll out the investment, beginning with an ambulatory clinic, which recently opened at St. Francis Square in Ortigas.

“We are building a network of ambulatory clinics to fill the gap in hospital and healthcare management. The Philippines is one of the countries with insufficient healthcare facilities. We intend to provide service where it is needed,” Aster DM president and country manager Joyce Alumno said in news briefing at Oakwood Hotel in Mandaluyong City.

Aster has a 90-percent in the joint venture, while Casam Holdings has 10 percent.

“Aster would like to make the Philippines a medical center in Asia. We’ll set a new standard now in the industry and the others will have to upgrade. Aster have the most modern equipment in the whole of Asia,” said Lim.

Aster DM is the largest healthcare network in the Gulf Cooperation Countries with over 290 establishments composed of a network of 14 hospitals, five medical centers, a medical university and nearly 145 pharmacies in India, the United Arab Emirates, Qatar and Oman.

The company said in the Philippines, it planned to penetrate places where there was a dearth of healthcare management and facilities.

Alumno said there were more hotel beds than hospital beds in the Philippines.

She said the Philippines had only 100,000 hospital beds for a population of nearly 102 million Filipinos, translating to a ratio of 1:1,000.

Philippines hotels have more than 200,000 beds for about 6 million foreign visitors and 45 million local tourists.

“This can be the reason why healthcare and health management in the Philippines hasn’t grown in previous years,” she said.

Alumno said the Aster had the capability to grow “because we have the system, the infrastructure is there. It’s a matter of duplicating them from one model to another,” she said.

Ambulatory clinics are healthcare facilities where patients walk in and walk out after treatment. Minor surgeries can also be performed in these clinics.

Source <> http://thestandard.com.ph/business/191664/dubai-company-investing-p250m-to-build-clinics-in-ph.html

Image Source  <> http://a1484.phobos.apple.com/us/r30/Purple/v4/d5/30/92/d530924e-5fcf-4512-20bc-cba371adf21b/mzl.vjobmirv.png

UAE to increase its manufacturing sector

UAE is aiming to increase the contribution of the manufacturing sector to overall GDP from 11 per cent to 25 per cent by 2025, said the country’s Economy Minister Sultan Bin Saeed Al Mansouri.

He added that the UAE’s Vision 2021 National Agenda focuses on creating national policies that achieve sustainable growth. “Manufacturing and the knowledge-based and innovative industrial sector currently account for around 11 per cent of total UAE GDP with the aim of growing this to 20 per cent in 2020, and 25 per cent in 2025,” said Al Mansouri while speaking at an event to announce the details of Global Manufacturing and Industrialization Summit in Abu Dhabi. He said the new UAE investment law, which allows one hundred per cent ownership to foreigners, will boost to the manufacturing sector.

“This would help and aid the manufacturing sector and will set better agenda for the growth of economy,” he said. “We commissioned the investment law with the possibility of creating flexibility. There could be changes in laws and regulations.”The investment law, which is in the final phase of being drafted, is likely to be issued this year.

Meanwhile, the UAE on Tuesday announced plans to host the world’s first Global Manufacturing and Industrialisation Summit in Abu Dhabi next year to boost to the manufacturing sector and help develop local Small and Medium Enterprises.

More than 1,000 government and industry leaders are expected to attend the event that is being hosted by UAE’s Ministry of Economy in collaboration with the United Nations Industrial Development Organisation (Unido) and the World Economic Forum’s Global Agenda Council for the Future of Manufacturing.

This will be another major industry event to be held in the UAE after Dubai won the rights to host the World Expo in 2020.

source:http://gulfnews.com

Img source:http://arabiangazette.com/wp-content/uploads/2013/08/UAE-Manufacturing.jpg 

UAE Plans to Boost Oil Output Capacity

The UAE is moving ahead with its oil and gas investments despite the current drop in oil prices and expects no delays in plans to boost its crude output potential by 2017, the country’s energy minister said.

“Investments are going, we are continuing with our investments,” Suhail bin Mohammed Al-Mazroui, speaking to reporters on the sideline of an energy conference in Abu Dhabi, said.

Asked whether the OPEC member’s plans to boost its oil production capacity to 3.5 million barrels per day by 2017 were on track, the minister said: “Yes.”

A halving in oil prices in the past year had led to cutbacks in exploration and production across the oil industry. The fall in prices to below $50 per barrel has hit investment plans at major oil firms, national oil companies and independents which have had to find ways to conserve cash.

Global oil investments this year are expected to drop by 20 percent, marking their biggest decline in history, Fatih Birol, head of the International Energy Agency.

Saudi Petroleum and Mineral Resources Minister Ali Al-Naimi said top oil exporter Saudi Arabia was continuing with its investments in the oil and gas industry as well as solar energy despite the fall in oil prices.

Source: http://www.arabnews.com/economy/news/815661

Saudi, Korean firms to build auto plant

The Saudi National Automobile Manufacturing Company (SNAM) and the Saudi Arabian Public Investment Fund ( PIF ) are working closely with South Korea's Daewoo International , to establish an automobile manufacturing plant.

The plant to be located in the Kingdom is aimed to meet domestic demand and also cater for the ever increasing automobile export market in the Gulf region.

Manager of Daewoo International, Saudi Arabia, Park Kyung-Ho told, things are progressing well with a memorandum of understanding (MoU) signed, while the agreement deal is in the final stage.

Kyung-Ho said that we are close to complete the deal to build the car manufacturing plant at the Sudair Industrial City, a planned city strategically located approximately 120 km from Riyadh and 160 km from Qassim, adding that the plant will be capable of producing 150,000 cars a year by 2018. Daewoo holds a 15 percent stake in the ambitious project, while SNAM has majority stake with 50 percent and PIF holds 35 percent stake, he said.

Under the deal, SNAM, PIF and Daewoo International will collectively invest approximately $1 billion to build the plant.

Earlier, Daewoo International floated a firm as the trading arm of POSCO, one of the largest steelmakers in the world that also has experience in operating auto plants abroad, which signed a memorandum of understanding (MoU) with PIF to help build an automobile plant in the resource-rich Kingdom.

As per the MoU, Daewoo International will oversee the entire process of assembly production beginning with the planning stage, including automobile design and parts procurement, while POSCO Engineering & Construction, the group's construction arm, will participate in the actual building of the auto plant.

Notably, for the trading company, it may also mean the potential distribution of Korean auto industry technology and parts.

Working to this end, Daewoo and SNAM co-hosted a recruiting session for Saudi students pursuing higher studies in South Korea, which was held at Daewoo's headquarters in Songdo, west of the capital city of Seoul.

source: zawya.com

SAP to boost UAE's manufacturing sector

Hira Industries, a supplier of products to the construction sector, is deploying technology solutions from SAP to help drive the UAE's manufacturing industry. Dubai's manufacturing sector accelerated 8.1 per cent in 2013, outpacing a 4.6 per cent expansion in the overall economy, according to data from the Dubai Statistics Center.

Dubai currently accounts for around 20 per cent of the UAE's gross domestic product, according to the World Bank. The UAE's industrial sector expected to make up 25 per cent of the country's gross domestic product by 2025, according to the UAE Ministry of Economy.

Hira Industries will implement a range of solutions running on the SAP Hana platform, including enterprise resource planning and manufacturing software solutions, as it looks to continue its expansion across the region.

Established in 1980 in Sharjah, Hira Industries is one of the leading manufacturers in the UAE for products related to the construction sector, including HVAC, MEP, civil construction, infrastructure, aluminium, glass, marine, commercial, residential and industrial projects.

Hira has a manufacturing base of 1.2 million sq ft in Ras Al Khaimah, UAE and Pune, India. The company now employs more than 700 people across offices in the GCC, India, Australia, Sri Lanka, and Nigeria.

Prakash Sarvaiya, general manger, said: ”By deploying best-in-class technology from SAP we will be able to optimize performance and deliver greater customer satisfaction. Using SAP solutions will also allow us to attract and retain the most talented employees.

"Hana’s real-time capabilities will allow us to deliver responsive manufacturing processes, execution and management capabilities." SAP Hana is an innovative in-memory data management platform that analyzes data from multiple sources to ask and receive interactive real-time responses.

Tayfun Topkoc, managing director, SAP UAE, said that  ”Hira Industries will improve its manufacturing processes, optimize business levels and build stronger relationships with customers by utilising the power of the platform and SAP technology.

Source : tradearabia.com