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Dubai to host 1st Indo-Arab trade summit

October 31, 2006 16:58 IST

A trade summit aimed at exploring business opportunities between India and the Gulf region is scheduled to be held in Dubai in December.

The first India-Arab World CEO Summit that will engage industry leaders will begin on December 7. The event will be hosted jointly by Commerce Minister Kamal Nath and UAE's Minister of Economy Shaikha Lubna Al Qasimi. It will be held annually.

"There is a centuries-old relationship between India and Arab world that extends beyond trade and culture," Nath said. "It is natural

that we should seek to strengthen and build on the relationship that exists," Shaikha Lubna added.

"India with an infrastructure investment requirement of over $150 billion in 10 years and an investor friendly policy environment, offers excellent investment opportunity over the long term," Nath said.

An India-Arab CEO guide will be launched at the event.

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