The two industrial cities will further consolidate Abu Dhabi's stature as a leading international industrial hub and showcase the emirate's investment and business-friendly environment.

The legislation can come very soon, it will allow 100 per cent ownership to foreign companies, as well as allow investors to set up companies with out needing to require local sponsorship.

The clusters including metal, chemical and petrochemicals, food processing industries, construction and building materials, wood and furniture, oil and gas services and automobiles, will transform Abu Dhabi into a world-class industrial, services, and logistics hub.

The Japan-U.S. alliance is an irreplaceable alliance. And I would like to further consolidate and broaden that alliance.

We're very excited. They're advertising us as a showcase for the world.

For Singapore, it bodes well for its efforts to be a hub for Southeast Asia, offering companies international investors they can tap.