UAE Power Ladies talk business during roundtable in Malaysia

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KUALA LUMPUR: On the fourth day of their Power Ladies UAE-Malaysia Roundtable 2011 tour from December 5-9, organised by Inside Investor, leading businesswomen from the UAE met members of the Malaysian press at the Sheraton Hotel in Kuala Lumpur to discuss details of their mission.

Representatives of the Power Ladies delegation were Raja Easa Al Gurg, President of the Dubai Business Women Council and Managing Director of corporate conglomerate Easa Saleh Al Gurg Group, Fatima Obaid Al Jaber, President of Abu Dhabi Business Women Council and COO of Al Jaber Group, Faiza Al Sayed, member of the executive management team of the Al Fahim Group, and Huda A Al-Matroushi, Vice President General Services of GASCO.

Ms Al Gurg, whose company has already several operations in Malaysia in the white goods and the textile sector, said that the Power Ladies group was exploring more opportunities in the country and were trying to establish stronger ties between Malaysia and the UAE by pushing forward a bilateral business council.

“We are definitely looking for more business in Malaysia as we can clearly see the opportunities in the country with a culture that is very close to the one of the UAE,” Ms Al Gurg said. One example for possible ventures could be halal food, she added. She also has identified promising fields in research and development, innovation and value-adding manufacturing, but this should be arranged on a government level, she said.

Reacting to media enquiries on what UAE investors would look into first in Malaysia before investing, the Power Ladies said that issues such as tax incentives, easy regulations, low level of paperwork, a welcoming investment environment, and knowledge sharing were the most important factors before taking an investment decision.

Another important point is the low cost of producing goods, Al Gurg answered to a respective media enquiry. “Business is business. If manufacturing becomes too costly, I would certainly think of shifting my operations to another country.
“Everybody has to keep their overheads down, and even though the UAE and Malaysia are brotherly countries, this does not mean that if I can have the same job done cheaper somewhere else, I wouldn’t go there.”
The Power Ladies were also encouraging Malaysian companies and investors to have a look at the opportunities the UAE is offering.

“There is a fertile soil in the UAE for Malaysian investors,” Ms Al Gurg said. “This is why we support an active business council for our two countries. There are big investments going on in the UAE, and our economy is already highly diversified.”
Ms Fatima Obaid Al Jaber added that the UAE has also been very supportive to women in business over the decades by granting them education and career opportunities. “Today, we have women working in leading positions which earlier were reserved only for men, for example in the oil and gas and the construction sector.”

UAE women today also own their own factories, and there are about 16,000 women who either lead their own business, are entrepreneurs or at least partners or sponsors.”
The UAE Power Ladies met with a number of high-ranking Malaysian businesswomen during their trip to intensify contacts and explore future partnerships and investment.

The UAE delegation also features Fathiya Saeed Al Khamari, founder and main designer for Oh, la la! Abbaya Couture; Khawla A Lootah w/o HE Sheikh Khalid M Al Qassami, a Director on the board of WorldSpace Middle East; Sara Ismail Mohamed, CEO of Al Bashayer Investment Company, art enthusiast Samia Abdullah Saleh, founder of the Courtyard Gallery and Nashwa Al-Qubaisi, an Emirati advocate.

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Reading Time: 3 minutes

KUALA LUMPUR: On the fourth day of their Power Ladies UAE-Malaysia Roundtable 2011 tour from December 5-9, organised by Inside Investor, leading businesswomen from the UAE met members of the Malaysian press at the Sheraton Hotel in Kuala Lumpur to discuss details of their mission.

Reading Time: 3 minutes

KUALA LUMPUR: On the fourth day of their Power Ladies UAE-Malaysia Roundtable 2011 tour from December 5-9, organised by Inside Investor, leading businesswomen from the UAE met members of the Malaysian press at the Sheraton Hotel in Kuala Lumpur to discuss details of their mission.

Representatives of the Power Ladies delegation were Raja Easa Al Gurg, President of the Dubai Business Women Council and Managing Director of corporate conglomerate Easa Saleh Al Gurg Group, Fatima Obaid Al Jaber, President of Abu Dhabi Business Women Council and COO of Al Jaber Group, Faiza Al Sayed, member of the executive management team of the Al Fahim Group, and Huda A Al-Matroushi, Vice President General Services of GASCO.

Ms Al Gurg, whose company has already several operations in Malaysia in the white goods and the textile sector, said that the Power Ladies group was exploring more opportunities in the country and were trying to establish stronger ties between Malaysia and the UAE by pushing forward a bilateral business council.

“We are definitely looking for more business in Malaysia as we can clearly see the opportunities in the country with a culture that is very close to the one of the UAE,” Ms Al Gurg said. One example for possible ventures could be halal food, she added. She also has identified promising fields in research and development, innovation and value-adding manufacturing, but this should be arranged on a government level, she said.

Reacting to media enquiries on what UAE investors would look into first in Malaysia before investing, the Power Ladies said that issues such as tax incentives, easy regulations, low level of paperwork, a welcoming investment environment, and knowledge sharing were the most important factors before taking an investment decision.

Another important point is the low cost of producing goods, Al Gurg answered to a respective media enquiry. “Business is business. If manufacturing becomes too costly, I would certainly think of shifting my operations to another country.
“Everybody has to keep their overheads down, and even though the UAE and Malaysia are brotherly countries, this does not mean that if I can have the same job done cheaper somewhere else, I wouldn’t go there.”
The Power Ladies were also encouraging Malaysian companies and investors to have a look at the opportunities the UAE is offering.

“There is a fertile soil in the UAE for Malaysian investors,” Ms Al Gurg said. “This is why we support an active business council for our two countries. There are big investments going on in the UAE, and our economy is already highly diversified.”
Ms Fatima Obaid Al Jaber added that the UAE has also been very supportive to women in business over the decades by granting them education and career opportunities. “Today, we have women working in leading positions which earlier were reserved only for men, for example in the oil and gas and the construction sector.”

UAE women today also own their own factories, and there are about 16,000 women who either lead their own business, are entrepreneurs or at least partners or sponsors.”
The UAE Power Ladies met with a number of high-ranking Malaysian businesswomen during their trip to intensify contacts and explore future partnerships and investment.

The UAE delegation also features Fathiya Saeed Al Khamari, founder and main designer for Oh, la la! Abbaya Couture; Khawla A Lootah w/o HE Sheikh Khalid M Al Qassami, a Director on the board of WorldSpace Middle East; Sara Ismail Mohamed, CEO of Al Bashayer Investment Company, art enthusiast Samia Abdullah Saleh, founder of the Courtyard Gallery and Nashwa Al-Qubaisi, an Emirati advocate.

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