Mr. Do Vinh Quang, Vice Chairman of the Board of Directors of T&T Group (left) and Mr. Khaled Alshamsi, Chairman of Golden Nile, exchanged a memorandum of understanding on cooperation (Photo: VGP/Nhat Bac)
Accordingly, T&T Group and Golden Nile will cooperate in the fields of banking and finance, digital banking, construction, high-tech agriculture, seaports, aviation, energy and human resource supply. Sharing about this cooperation, Mr. Do Vinh Quang, Vice Chairman of the Board of Directors of T&T Group, said that the cooperation will help T&T Group and Golden Nile exploit and maximize the potential and strengths of the two enterprises in terms of infrastructure, high-quality human resources, financial arrangement capacity, technology, experience, management, etc. to invest in developing large, key projects of the country. “With similarities in multi-industry ecosystems, diverse investment portfolios and sustainable development vision, the cooperation between T&T Group and Golden Nile not only brings prosperous development to the two businesses, but also contributes to the realization of the Vietnam - UAE Comprehensive Economic Partnership Agreement (CEPA), making an important contribution to the plan to connect the two economies; thereby further tightening the friendly relations between the two countries”, Mr. Do Vinh Quang emphasized. According to the representative of Golden Nile, the cooperation with T&T Group - the leading multi-industry private group in Vietnam today will bring Golden Nile the opportunity to invest in sustainable development. At the same time, through T&T Group's diverse investment portfolio and extensive network of partners, this will become a bridge to help Golden Nile expand its market and increase its influence globally. Golden Nile is the UAE's leading semi-governmental investment company specializing in strategic investments in many fields globally. With a diversified portfolio and a commitment to sustainable growth, Golden Nile plays a key role in driving economic development and creating conditions for long-term prosperity. Golden Nile is actively involved as a shareholder, operator and advisor in the fields of mining, ports, railways, airports, agriculture and energy. The UAE is currently the second largest economy in the Gulf region; a leading financial and commercial center in the Middle East; the 4th largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC). The UAE currently owns many of the largest FDI investment funds in the world such as the Abu Dhabi Investment Authority managing 853 billion USD, the fourth largest investment fund in the world; the Dubai Investment Corporation managing 320.8 billion USD, ranked 12th in the world; Mubadala Investment Company managing 276 billion USD, ranked 13th in the world; Abu Dhabi Development Company manages 159 billion USD, ranking 16th in the world; Emirates Investment Authority manages 87 billion USD, ranking 20th in the world... UAE is currently Vietnam's largest export market in the Middle East - Africa region with bilateral trade turnover in the first 9 months of 2024 reaching 4.96 billion USD, exceeding the turnover of the whole year of 2023. Currently, UAE has 38 FDI projects in Vietnam, with a total registered investment capital of 74.1 million USD, ranking 52nd out of 144 countries and territories with investment projects in Vietnam and Vietnam has 5 investment projects in UAE with a total registered capital of 1.8 million USD. Source: https://daibieunhandan.vn/tt-group-hop-tac-chien-luoc-voi-cong-ty-da-nganh-cua-uae-post394721.html
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