UAE ladies meet Chief Secretary Tan Sri Sidek Mohd Hassan

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KUALA LUMPUR: Leading businesswomen from the UAE paid a courtesy call yesterday (Tuesday) to Tan Sri Sidek Mohd Hassan, Chief Secretary to the Government of Malaysia, with the guests urging closer business ties between the two countries in order to boost bilateral trade and investment.

The women are in Malaysia for the Power Ladies UAE-Malaysia Roundtable 2011 hosted by Inside Investor, from December 5-9, during which time they are meeting leading officials from the government and corporate sector in order to investigate investment opportunities in the country.

Ms Raja Easa Al Gurg, President of the Dubai Business Women Council and Managing Director of corporate giant Easa Saleh Al Gurg Group, told the Chief Secretary that she would like to see the embassies of UAE and Malaysia working closely to synchronise business relations and seek out investment windows for both countries. Bilateral trade between UAE and Malaysia is estimated at US$6.4 billion.

Fatima Obaid Al Jaber, President of the Abu Dhabi Business Women Council and COO of the Al Jaber Group, urged Malaysia to create more visibility for the country’s investment environment, especially in places like UAE where investors are keen to target the Malaysian market.

Chief Secretary Tan Sri Sidek Mohd Hassan, who said he was honoured to receive high-ranking guests from the UAE, said Malaysia was an ideal investment destination given the country’s high level of protection via a favourable legal system, tax incentives and other lures for various industries and sectors.          “We are even going beyond incentives, as we are training human resources for the needs of investors with a strong focus on the high-tech and the services industry,” the Chief Secretary said.

He added that Malaysia’s target is to be a fully developed country by 2020, which needs combined efforts by the state administration and private businesses to push non-labour intensive sectors with a higher output of added value goods and services.

The Chief Secretary spoke about the various transformation programmes led by the Government and also the role of public sector in enhancing competitiveness.

He highlighted the role of PEMUDAH, a task force set up between public and private sector that specifically looks at simplifying the process of doing business in Malaysia.

This taskforce has worked on easing licensing, immigration requirements and visas for highly skilled talents and investors. The Chief Secretary urged the women to highlight areas in which Malaysia could do more to attract investments, and vice-versa.

According to the Chief Secretary, the Malaysian administration has a high rate of female officials, such as the Central Bank Governor, the Security Commission Chairperson, and several high-ranking deputy officials in the Ministry of Finance.

“Our target is to have 30 per cent women in the entire public sector, as we have already more in the government,” the Chief Secretary said.

The Power Ladies also enquired about Malaysia’s economic parameters such as unemployment rate, business registration processes, programmes for small and medium companies, special incentives for female entrepreneurs, and the most promising sectors for investment.  The Chief Secretary identified tourism, services, health care, education, information technology, green technology and financials as favourable investment sectors.

 

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Reading Time: 2 minutes

KUALA LUMPUR: Leading businesswomen from the UAE paid a courtesy call yesterday (Tuesday) to Tan Sri Sidek Mohd Hassan, Chief Secretary to the Government of Malaysia, with the guests urging closer business ties between the two countries in order to boost bilateral trade and investment.

Reading Time: 2 minutes

KUALA LUMPUR: Leading businesswomen from the UAE paid a courtesy call yesterday (Tuesday) to Tan Sri Sidek Mohd Hassan, Chief Secretary to the Government of Malaysia, with the guests urging closer business ties between the two countries in order to boost bilateral trade and investment.

The women are in Malaysia for the Power Ladies UAE-Malaysia Roundtable 2011 hosted by Inside Investor, from December 5-9, during which time they are meeting leading officials from the government and corporate sector in order to investigate investment opportunities in the country.

Ms Raja Easa Al Gurg, President of the Dubai Business Women Council and Managing Director of corporate giant Easa Saleh Al Gurg Group, told the Chief Secretary that she would like to see the embassies of UAE and Malaysia working closely to synchronise business relations and seek out investment windows for both countries. Bilateral trade between UAE and Malaysia is estimated at US$6.4 billion.

Fatima Obaid Al Jaber, President of the Abu Dhabi Business Women Council and COO of the Al Jaber Group, urged Malaysia to create more visibility for the country’s investment environment, especially in places like UAE where investors are keen to target the Malaysian market.

Chief Secretary Tan Sri Sidek Mohd Hassan, who said he was honoured to receive high-ranking guests from the UAE, said Malaysia was an ideal investment destination given the country’s high level of protection via a favourable legal system, tax incentives and other lures for various industries and sectors.          “We are even going beyond incentives, as we are training human resources for the needs of investors with a strong focus on the high-tech and the services industry,” the Chief Secretary said.

He added that Malaysia’s target is to be a fully developed country by 2020, which needs combined efforts by the state administration and private businesses to push non-labour intensive sectors with a higher output of added value goods and services.

The Chief Secretary spoke about the various transformation programmes led by the Government and also the role of public sector in enhancing competitiveness.

He highlighted the role of PEMUDAH, a task force set up between public and private sector that specifically looks at simplifying the process of doing business in Malaysia.

This taskforce has worked on easing licensing, immigration requirements and visas for highly skilled talents and investors. The Chief Secretary urged the women to highlight areas in which Malaysia could do more to attract investments, and vice-versa.

According to the Chief Secretary, the Malaysian administration has a high rate of female officials, such as the Central Bank Governor, the Security Commission Chairperson, and several high-ranking deputy officials in the Ministry of Finance.

“Our target is to have 30 per cent women in the entire public sector, as we have already more in the government,” the Chief Secretary said.

The Power Ladies also enquired about Malaysia’s economic parameters such as unemployment rate, business registration processes, programmes for small and medium companies, special incentives for female entrepreneurs, and the most promising sectors for investment.  The Chief Secretary identified tourism, services, health care, education, information technology, green technology and financials as favourable investment sectors.

 

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