Japan seeks investment from UAE sovereign wealth funds

Japan is actively wooing the UAE sovereign wealth funds (SWF) in an aim to beef up its foreign direct investment from three per cent to five per cent by next year.

A senior official from Japan External Trade Organisation (Jetro), the state-backed trade and inward investment promotion agency, said the UAE was selected as one of the three most favoured emerging economies to attain the goal. The other two are Sao Paolo and Moscow. "Jetro has conducted seminars to explain the Japanese investment opportunities to SWF people in the UAE such as Adia, Adic, Mubadala and others. And we continue the efforts to attract SWF to the Japanese markets," Kuniyasu Funaki, CEO of Jetro Dubai and Mena, told Emirates Business. Read more.