Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince's Court, has attended the St. Petersburg International Economic Forum (SPIEF 2016) which was held with the theme "Capitalising on the New Global Economic Reality". 

He attended the panel session during which Russian President Vladimir Putin delivered a speech. 

During the forum, H.H. Sheikh Hamed, who is accompanied by the UAE Ambassador to Russia, Omar Saif Ghobash, met with a number of CEOs of international corporations, experts, advisers and representatives of regional and international organisations involved in investment and development to discuss matters of common interest for cooperation between the UAE, on the one hand, and Russian economic establishments and participating countries on the other. 

He stressed that forums such as the SPIEF 2016 are important for creating new foundations for cooperation, coordination and consultation about economic issues of common concern for all states. The aim, he noted, is to create a common ground for all involved parties to ensure global stability through mutual respect of interests, continued efforts to bolster mutual confidence, fruitful cooperation and relations and exchange of expertise and experiences in economic development. 

He noted that the UAE has become an important regional and global hub for global corporations, thanks to its economic policies and advanced investment climate. 

The UAE welcomes vital projects that contribute towards stronger global economic growth, he said. 

H.H. Sheikh Hamed also noted that in addition to the flexible legislation and policies and modern infrastructure, the UAE's economic and investment stature was being strengthened by its good relations with other states and international organisations. 

During the meetings, the parties also discussed the importance of efforts being exerted by states and economic organisations to enhance opportunities for strengthening coordination and cooperation in economic and trade areas, creating incentives for investors and boosting global economic growth. 

During the three-day economic forum in St. Petersburg, the participants discussed the best possible practices and solutions to a wide range of economic, financial, trade and investment challenges that are facing the international community and require concerted efforts to achieve sustainable and balanced growth and development using industrial, scientific and technological potential.

Source: WAM