Expo opens more avenues for investors - GulfToday

Expo opens more avenues for investors

Muhammad Adil Mirza (4th right) with other officials during the event in Dubai.

Muhammad Adil Mirza (4th right) with other officials during the event in Dubai.

Inayat-ur-Rahman, Business Editor

Expo 2020 Dubai, the world’s biggest cultural gathering has brought investors from across the globe on a common platform to discuss new avenues for investments and this has added more spice to the UAE’s economic growth.

In an exclusive interview with Gulf Today, Muhammad Adil Mirza, CEO, Phoenix Medicines  and Future Mattresses said that the UAE remains a lucrative market for local and global investors.

He spoke at length about few of these initiatives which the government has undertaken to attract foreign investment when he said, “The visionary leadership of this country has taken many steps to make the UAE a global business hub.

The country has taken drastic steps for allowing 100% foreign-owned businesses offering extended visas for entrepreneurs, providing funding and support for smaller businesses. ”

Mirza further added, “ The country has excellent infrastructural facilities coupled with professional expertise and personalized services give the UAE an edge over other countries and this is what the investors look for before investing. “

Mirza also pointed out that the emergency response system of the UAE which is managed by National Crisis and Emergency Management Authority (NCEMA) and the UAE government was vigilant in issuing the first alert of the new coronavirus outbreak, even before it was declared by WHO as a public health emergency of international concern. The government-funded health service of UAE delivered a high standard of health care to the population.

Answering a questions about his expansion plans, Mirza enthused: “Business have to evolve if they want to succeed and same goes with us. We are not manufacturers in UAE for pharmaceutical or medical devices, we are an import based company. We import from more than 45 countries and we provide quality products at an affordable price. We have an in house research and development department who continuously look for new and innovative products that are needed in the UAE market.”

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