Economy

The Arabs at the 86th TEF: In Thessaloniki companies – giants from the United Arab Emirates

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The delegation of around 50 business groups and government agencies will be headed by the UAE Minister of Finance, His Excellency Abdulla bin Touq Al Mari.

With corporations – of gigantic size and powerful government bodies, they will participate United Arab Emirates at the 86th TFC as an honored country. Head of the mission of about 50 business groups and government bodies, will be the UAE Minister of Finance, His Excellency Abdulla bin Touq Al Mari.

The representation of the United Arab Emirates at the 86th TIF will therefore be at the highest level, while in addition to the Ministry of Finance, three more Ministries will be represented at the International Exhibition, the Ministries of Defence, Foreign Affairs and the Ministry of Industries and Advanced Technology.

With the companies participating in this great business mission, it seems that HAE really want to do business with Greece, in our country or even to achieve broader synergies. These are businesses that cover practically all sectors of the UAE economy, such as: food and beverages, production of construction materials, tourism, shipping and logistics, technology and services, defense industry, real estate.

Since Thessaloniki relies a lot for its development on its Port, it is worth mentioning the participation of the Essa Al-Ghurair group, an investment, industrial group that has its manufacturing facilities in the Jebel Ali Port of Dubai, the largest in the Middle East and the 9th largest in the world in terms of goods traffic.

The food and beverage industry is ahead

The participating Emirati Groups, which are largely controlled by the families that created them, include companies such as Lifco, which is active in the food and beverage sector as well as in construction. Also, Al Ain Farm, the first dairy company of the UAE, Agthia Group in the food and beverage industry, a leading group with activity that reaches as far as Egypt, Turkey and Jordan. In the food and international trade sector, Karibu Foods also belongs as well as Al Rawabi, a large group in the food sector, productive and commercial, which in terms of animal husbandry has an animal capital of 17,000 cows.

Construction industry and metallurgy

From the building sector is Rak Ceramics, with an annual turnover of 1 billion. dollars, sales in 150 countries and a staff of 15,000 people from 40 different nationalities.

The long list continues with Ducab, a large construction group that focuses on developing solutions for the international energy sector, also active in the aluminum, copper and metallurgy sectors in general.

The UAE’s mining industry is represented by another colossus, Emirates Global Aluminum, the largest industry in the Emirates after black gold and natural gas. EGA employs 60,000 staff and contributes over 5 billion to the economy of the Emirates. dollars a year.

Large investment funds

Among the very important holdings, that of the Dubai International Financial Center stands out, the largest investment hub for the Middle East, Africa and South Asia (MEASA), developing markets that the DIFC connects with Europe, America and the rest of Asia. Undoubtedly, it would be of great interest to Greece for this investment body to find attractive sectors and points for investments in our country.

Al Fatan Holding also comes from the financial and investment sector, showing a preference for investments in industry.

For years, the UAE has been looking at the next, greener era in the energy industry and in this field MASDAR, an organization with many branches of specialization, is active, which is controlled by the Mubadala Development Company, a company owned by the government of the Emirate of Abu Dhabi.

The energy sector also includes AMEA Power, which invests in renewable energies, with projects in Asia, Africa and the Middle East.

From the field of aviation, the airlines of the UAE, Etihad Airways and the civil aviation service of the Emirates GCAA will participate in the 86th TIF. Calidus, an advanced technology company, belongs to the aviation system manufacturers industry.

The familiar DP World

In transport and logistics the UAE comes with DP World, a behemoth in the international market of port management, warehousing and cargo handling. We met DP World in Thessaloniki, in the context of the competition that TAIPED had conducted for the privatization of OLTH.

DAFZA, the Free Zone of Dubai Airport, an international airport with huge traffic that hosts more than 2,000 businesses, also practically belongs to transport and logistics.

In shipping and port infrastructure, Al Seer Marine Supplies Group is active, which develops technological solutions for the port industry and shipping, and also builds ships, from pleasure boats to various types of defense vessels.

From the defense industry, Tawazun, an entity that focuses on investment through acquisitions, to strengthen the UAE’s armed forces and security forces, will participate. From the defense industry sector, EDGE participates, a group of 20 companies that deal with a wide range of objects, including electronic warfare and cyber technologies.

The very dynamic real estate industry is represented by Al Hamrah, the largest real estate developer in the UAE, with a huge portfolio of projects, including many iconic tourist and business projects. The very dynamic Damak Properties belongs to the same sector and has built 39,400 homes, while through partnerships it has undertaken luxurious developments for international names in the fashion industry.

The UAE, as is well known, in its successful attempt to expand the range of its national economy, has placed great emphasis on tourism. Al Shamsi Travels also belongs to the tourism industry, as does Global Jets, which is aimed at customers with very high security and quality service requirements.

Technology companies, purely IT, such as Rockford Computer, companies from the field of Rabdan Academy training, which prepares specialized human resources for businesses, also participate in the mission.

Participations, in the service sector, are not only related to training and education, but also Health, with Dubai Healthcare City, the pharmaceutical industry with Julphar.

The Emiratis, despite the special climatic conditions of their country, have also turned to the primary sector, with Al Dahra Holding investing in livestock, agricultural developments, grain trade, flour industry while also investing abroad, in agribusiness.

The above very large companies are supported by state bodies, which with their presence at the 86th TIF, demonstrate the UAE’s interest in business with content and perspective in Greece and with Greece.

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