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08:04 and close to this point in terms of trade, politics and economy.
08:08 Is there a sector or a country that you think will be able to grow its investment opportunities in the coming years?
08:16 I have no doubt. We are focusing on the infrastructure sector,
08:21 which is a transport and logistic sector.
08:24 The ICT sector is also excellent.
08:29 You have seen the deals that the UAE has made on clean energy.
08:38 Renewable energy is our field.
08:41 We are practicing in making deals with countries from the United States to other countries.
08:48 What about the countries?
08:51 We have about six or seven countries that have taken the lion's share.
08:57 Our brother, the investment sector, wants opportunities wherever it is.
09:04 Opportunities are available all over the world.
09:07 For example, the Republic of Egypt has more than 3,000 investment opportunities for foreign investors.
09:16 Other countries are doing the same.
09:18 I can tell you that Turkey is the most active in Iraq.
09:29 Turkey, Greece, Eastern Europe, Serbia, especially the Gulf.
09:35 We announced two weeks ago that we will have Emirati projects in the Gulf.
09:40 We can understand the Eastern Europe,
09:42 and the UAE has expanded its investments in Egypt recently.
09:48 But Turkey also has problems.
09:51 It has high inflation and other problems.
09:55 You are right.
09:57 Turkey has a comprehensive agreement,
10:02 which is the CEPA, Comprehensive Economic Partnership Agreement.
10:07 Turkey has a special feature.
10:10 When you enter the market,
10:14 there is no doubt that the economy is a solid theory.
10:20 There is no economy that is in a bad phase,
10:26 or an economy that is in an excellent phase forever.
10:29 There are fluctuations.
10:32 You have to adapt.
10:37 You can see the Turkish currency market.
10:44 It may be suitable for you to buy a currency that is not low,
10:51 but is cheaper.
10:53 You do not enter the market as a trader,
10:58 but as a replicator.
11:00 Just like the Republic of Egypt.
11:02 Turkey is a replication of Egypt.
11:05 I think that Turkey has factories.
11:10 It may be a strong ally in the industry.
11:16 We have recently touched on the opportunity market,
11:19 whether in terms of political bonds,
11:22 government agencies, or government branches,
11:24 or even private sector companies.
11:26 They need funding.
11:28 Many of these companies, Mr. Jamal,
11:30 have sought to issue bonds or bonds.
11:33 To what extent do you think this is the right thing to do?
11:36 It is a way to diversify the funding sources,
11:39 and to seize the opportunities that are being provided.
11:42 There is no doubt that today,
11:44 money and financial abundance are the only saviors
11:49 in the economic movement of any country.
11:51 There are tools,
11:53 whether you take a traditional loan from commercial banks,
11:57 or issue government bonds,
12:00 which are guaranteed by some investors.
12:03 On the contrary,
12:05 it is a great opportunity to have a diverse source of income.
12:11 The best thing is FDI,
12:13 the best thing is direct investment,
12:15 because it eliminates the government's burden.
12:18 Financial pressure,
12:20 FDI, Foreign Direct Investment,
12:23 like the head of government,
12:25 is cash.
12:27 It is the best deal for any country.
12:30 In such circumstances,
12:32 this is the best.
12:34 Of course, governments and countries
12:37 can also diversify their funding sources.
12:40 In some rich countries,
12:42 like the UAE,
12:44 we are a rich country,
12:46 but there are tools.
12:48 Why not have a loan that is cheaper?
12:51 They say that debt is cheaper than equity.
12:54 Of course, Mr. Jamal, the conversation is still on,
12:57 but we have a short break.
12:59 We will continue in the next episode.
13:01 Welcome again, dear viewers.
13:14 We continue this episode of the weekly dialogue
13:16 with my dear guest, Mr. Jamal Al Jarawan,
13:18 the Secretary General of the UAE Investment Council.
13:22 We will continue with Mr. Jamal.
13:24 Welcome.
13:25 We were talking about the countries
13:27 where the UAE invests in the past.
13:29 Of course, the US is on the list of these countries,
13:32 but the most important thing is the funds.
13:34 How much will this change in the coming period?
13:37 How big will the numbers be?
13:39 I think that every financial fund
13:42 has a policy and a strategy.
13:45 There are strategies now,
13:47 especially in Norway, China,
13:50 and the Gulf countries,
13:53 and Egypt has also created a financial fund.
13:56 A financial fund that works for the future,
13:59 not for tomorrow or the day after.
14:02 It works for its people and for the coming generations.
14:06 Their strategy is always based on the long term,
14:10 15, 30, 50 years.
14:13 They are not surprised when they talk about 100 years.
14:16 There is a long term vision.
14:21 I noticed that the central government,
14:26 the Secretary General of the UAE Investment Council,
14:31 started to invest in the infrastructure.
14:39 The investments have a positive impact,
14:46 and the return is not far.
14:48 If you look at the Gulf financial funds,
14:51 the most noticeable is the Kuwaiti fund.
14:54 Recently, it has increased from 500 billion
14:57 to 900 plus.
15:00 But the strategy of the Kuwaiti fund is traditional.
15:03 It is traditional, but it has increased in its origin.
15:06 The Kuwaiti private equity fund
15:09 has a good strategy.
15:12 We are talking about the technical side,
15:15 but we are trying to boost their energy.
15:18 They have a good investment strategy
15:23 in the US water market.
15:26 The return is clear.
15:29 It is not long term, but short term.
15:32 The investment fund has a good example.
15:37 Each fund has a policy.
15:40 They are the Pocky fund.
15:43 The investment fund does not focus on one field.
15:46 Today, the world gives you tools,
15:49 the reserve, the private equity,
15:52 or the stock market.
15:54 This is followed daily.
15:57 The first time in US history
16:02 that I heard a report from the US stock market
16:05 was in 2023, the best in history.
16:08 It benefited from the Gulf financial funds,
16:11 including the Kuwaiti fund.
16:15 But this path has some challenges.
16:18 If we look at the Central Emirate Bank,
16:21 its expectations for growth and economy in the current year
16:24 is 4.2%.
16:27 The low interest rates and global challenges
16:30 are due to this.
16:33 What are your expectations for the economy in the coming period?
16:36 The economy in the UAE is strong.
16:42 It is based on investment.
16:47 This strategy is starting to bear fruit.
16:50 Thank God, it is facing the challenges of the world.
16:55 4.3% is excellent.
16:58 The number of foreign companies registered in 2023
17:06 and the numbers from the trade union
17:09 are historical numbers.
17:12 There is also a migration from Europe and the US
17:20 to the UAE.
17:23 Migration to live and work.
17:26 This is a proof and testimony from the world
17:31 to the UAE that it is on the right path.
17:35 We freed the markets and legislations.
17:38 We welcomed foreign investors.
17:41 We provided projects.
17:44 In a report of the United Nations,
17:49 the UAE ranked second in the direct foreign investment
17:55 in terms of the number of projects opened in the UAE.
17:59 The UAE as a infrastructure is very important.
18:03 Work and business need to be done in a fast-moving way.
18:06 The best ways are the 10-12% of international trade
18:13 through your ports.
18:15 60% of Chinese goods through the Arab region
18:20 enter the markets of the UAE.
18:23 There is confidence in infrastructure and logistics.
18:28 The numbers speak for themselves.
18:30 We are talking about 10 agreements.
18:36 Some of them are already implemented.
18:39 How do you support these strategies?
18:41 How do you support trade between countries?
18:44 These 10 countries make up a quarter of the world's population.
18:47 100%.
18:48 Today, we announced in 23 foreign trade agreements
18:52 historical numbers.
18:54 You reminded me of the trillion dollars
18:56 in trade with the world's countries.
19:00 There is a lot of work from the sectors.
19:04 The UAE has a special feature.
19:07 There is cooperation and coordination
19:09 between the private and public sectors.
19:12 When they draw the government's policy,
19:14 they consult with the private sector.
19:16 The private sector is an excellent implementer.
19:20 The UAE's economy has grown.
19:25 In 1975, we were talking about GDP of 15 billion dollars.
19:30 Today, we are talking about 500 billion dollars.
19:33 We are heading towards the trillion dollars.
19:36 The UAE is an excellent number.
19:43 They are not comparable.
19:46 I see it as a positive thing.
19:49 We were talking about the domestic market.
19:53 We have partnerships.
19:55 The UAE joined the BRICS last year.
19:58 We are talking about the industrial integration initiative
20:02 between four countries, including Morocco.
20:07 How much does the idea of regional integration support
20:11 the economic growth of the region?
20:13 This is a very important and critical question.
20:16 We are all friends.
20:19 We have implemented a wise economic policy.
20:25 We are all friends.
20:27 We have eliminated hostility.
20:29 There is no hostility.
20:31 We have focused on the first point.
20:36 We believe that if the people are united,
20:39 we will have a strong economy.
20:41 This is the home of the poem.
20:43 How do you work to make your people happy
20:47 and others happy?
20:49 Cooperation with countries and joint Arab, Islamic, regional and global work.
20:55 Our relations are excellent.
20:57 We implemented the BRICS.
20:59 We are convinced that our presence in international organizations
21:05 increases our strength and helps the world see how we think and live.
21:10 We can add more.
21:12 Also, the G20.
21:14 We have not joined any organization that means
21:19 that you follow a different policy.
21:24 The policy of the UAE is clear.
21:26 Mr. Gamal, let's talk about the Council.
21:31 What initiatives are being worked on at the moment?
21:33 This is a question of the present time.
21:36 We are looking back to the Council of 2010.
21:42 Thank God, it was a strong initiative.
21:46 We thank the Ministry of Economy for adopting the Council.
21:51 We established it after discussions with the government,
21:57 the Council of Ministers, the Ministry of Foreign Affairs
21:59 and Foreign Trade in 2008.
22:04 We established the Ministry of Investment.
22:07 There is no doubt that this is a ministerial ministry
22:10 that has a role and presence in the Council of Ministers.
22:13 We are discussing with the government now.
22:16 What will happen is that it will be better for the private sector.
22:20 This Council is for the private sector.
22:22 This is their refuge and this is their place.
22:25 Is it possible to increase the number of companies that are included?
22:28 We have about 24 companies.
22:31 Thank God, the value of the assets is increasing by a trillion dollars.
22:36 The Council has a place and a unique position in the Arab region.
22:40 The world is ahead of us.
22:42 Sweden, Singapore, China, Japan, Britain, America have these private companies.
22:55 This is also because when your economy grows,
22:58 the Ministry of Finance may include 5 or 6 activities.
23:03 This increases the economy, the movement and the investments.
23:07 If you have 2.5 trillion dollars in debt,
23:11 and the FDI that comes to the UAE increases by 10 to 15% annually.
23:22 Finally, we would like to thank you very much.
23:24 Thank you and thank you for your channel, Marmouka.
23:27 Thank you, dear viewers, for watching.
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