Year of Zayed: Continuing Sheikh Zayed’s legacy of collaboration
Year of Zayed celebrations are being held in recognition of Sheikh Zayed’s visionary nation-building achievements and strong values based on wisdom, respect, sustainability and human development, which have shaped the UAE and its citizens.
Under Sheikh Zayed’s leadership, the UAE, with its diverse, cosmopolitan society, has become an international business and travel hub within the Middle East.
Following the UAE’s discovery of oil in the 1950’s, Sheikh Zayed recognized the importance of creating a diversified economy. He said: “We must not rely on oil alone as the main source of our national income. We have to diversify the sources of our revenue and construct economic projects that will ensure a free, stable and dignified life for the people.”
By capitalizing on the UAE’s strategic location between Europe, Asia and Africa, Sheikh Zayed positioned the country as a global connector and successfully attracted huge amounts of foreign investment. His transformation of the UAE leaves him fondly remembered by Emiratis as “the man who turned the desert green.”
The Year of Zayed honors his contributions to the UAE and is an opportunity to continue his legacy by further deepening the country’s international ties, including those with Japan.
A prosperous relationship
Japan and the UAE share a mutually beneficial relationship that has gone from strength to strength over the years.
“For more than 40 years, the bilateral relationship has long been mainly constructed around the oil and gas business and this remains important for Japan’s energy security today,” said Kanji Fujiki, ambassador of Japan to the UAE.
“The visit of Mr. Shinzo Abe, prime minister of Japan, to the UAE this April was of great importance for the promotion of business and investment in both Japan and the UAE. Abe and Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces H.H. Sheikh Mohammed bin Zayed Al Nahyan affirmed their determination to further develop their strategic relationship toward the future by starting a framework of cooperation called the Comprehensive Strategic Partnership Initiative.”
“One of the highlights of the visit was the signing of an agreement for the promotion and protection of investment between Japan and the UAE. This was one of the most notable outcomes this year and will encourage many businesspeople to invest more in both countries. I believe these movements will further develop our economic ties in the future.”
Fujiki is confident the UAE-Japan relationship will continue to prosper: “Since its foundation 47 years ago, the UAE has developed as a sea and air transportation hub connecting almost all of the world’s important cities and ports to Dubai and Abu Dhabi. Both cities are now two of the largest world centers in terms of economy, finance, tourism and logistics. For example, there are five daily flights connecting the major Japanese cities of Tokyo, Osaka and Nagoya to Dubai and Abu Dhabi.
“In my opinion, it makes a lot of sense for Japanese companies to establish their regional headquarters in this country as the location makes it extremely convenient for Japanese businesspeople not only to travel around the world, but also get acquainted with the latest global business trends.
“The comfortable business environment includes economic free zones that were introduced by the UAE government in close relationship with the country’s ‘hub-function’ and have enhanced the favorable views of Japanese companies in these locations. As a result, approximately 340 Japanese companies are currently based in the UAE, with 290 in Dubai and 50 in Abu Dhabi, and this number is continuously increasing.”