AIM to reinforce UAE’s investment role

By: Editor In Chief
    
Wed 11 March,2015

aimtalk_0310
Jamal Al Jarwan, Business international Council of UAE Investments; Imad Al Abdulqader, general manager of marketing and promotions Invest Saudi; Dawood Al Shezawi; Abdulla bin Ahmad Al Saleh; Khalid Essa Abdulla Buhumaid, senior vice-president communication and government relations, Global Aluminum, and Mohammed Hamdan Al Zaabi, general manager of promotion, Ministry of Economy, during the Press conference for Annual Investment Meeting 2015 in Dubai




Filed Under: Business News

The Annual Investment Meeting, AIM, which seeks to reinforce UAE’s role as a strategic  investment gateway for Africa and Asia, will draw 67 ministers and scores of financial experts from around the world to debate and review foreign direct investment, or FDI, trends.

 

The fifth edition of the three-day event running at  the Dubai International Convention and Exhibition Centre from March 30 to April 1, will be a platform for investors, government delegations and private institutions to explore at length opportunities for direct investments across the world through the UAE.

 

Speaking on behalf of Sultan bin Saeed Al Mansouri, UAE Minister of Economy, Abdulla Al Saleh, Undersecretary, UAE Ministry of Economy, Foreign Trade Sector, said with the UAE becoming an investment gateway for Africa and Asia, AIM would be a perfect platform to boost cross border investments via the UAE.  While AIM provides a direct chance for investors, government delegations and private institutions, it also seeks to shed light on the country’s economic status.

 

Dawood Al Shezawi, CEO, AIM’s Organising Committee, said that AIM 2015,  themed on “Sustainable Development through FDI induced innovation and technology transfer,” would highlight the role of innovation in investment in general and FDI, in particular, in driving economic growth.

 

Saudi Arabia is the “Country of Honour” for this year’s event.  Invest Saudi will oversee Saudi companies’ participation in AIM and the companion exhibition. “The move is part of an ongoing collaboration between the two countries and a shared vision on supporting FDI and technology transfer in regional economies. As part of the cooperation, Invest Saudi has invited its affiliates and companies operating under its umbrella to participate in AIM 2015,” said Al Shezawi.

 

As organisers AIM 2015, the Ministry of Economy has realised that investment needs continuous innovation and updates on legislation and laws, Al Saleh said at a press conference. “This requires a combination of local and international efforts to exchange expertise and insights on ways to develop FDI operations. This direct interaction between investors and host countries will help surmount investment obstacles and facilitate investment inflow in host countries,” he said.

 

The UAE Ministry of Economy is setting up a new integrated Investors’ Zone within AIM 2015 for more direct investment deals in a more cordial setting. “The Investors’ Zone is dedicated to investors interested in meeting prospective clients and AIM participants, for facilitating on the spot transactions,” said Al Saleh. He said the ministry is introducing this concept for the first time at AIM, as part of a strategy to encourage innovation and creativity in investment cycle, and to boost relations between foreign investors and the host country.

 

“The concept reflects the maturity of AIM, supported by a strong and diverse investment base in the UAE. Investors’ Zone will encourage more investors to expand their portfolio in existing locations and explore new ones,” added Al Saleh.

 

The ministry has invited leading investors and businessmen to participate in AIM Exhibition that will feature different industry projects and services catered for the investment growth of various participating developing regions. The exhibition recorded major local and international participations from 44 countries. The agenda includes 10 Plenary Sessions that will witness participation of more than 100 speakers, amongst them experts, government representatives, academics, economists and researchers as well as wide range of investors and businessmen. Registered country representatives, investment promotion officials and delegates will have the opportunity to meet, direct questions and seek guidance on specific issues of concern to them in the conduct of their business to highly professional investment experts who will be available at AIM.

 

The first day will witness the launch of FDI Annual Report by Dr Karl P. Sauvant, Resident Senior Fellow, Columbia Center on Sustainable Investment, Columbia Law School – Earth Institute, USA. The report will shed light on the importance of the forum and its economic investment values. It will also highlight the latest trends in FDI globally and regionally with special focus on emerging markets. The report will focus in particular on the competitiveness of the fast-growing markets, its opportunities and challenges.

 

On March 29, there will be a pre-conference workshop targeted for professional investors about capacities and potential of FDI titled FDI Capacity Workshop for Investment Promotion Professionals: “The role of Investment Promotion Agencies in promoting innovation” and will be moderated by Andreas Dressler, Managing Director of Terrain Consulting and David East, senior vice-president of Conway Data Inc. It will be followed by another workshop  on the eligibility of the private sector for Islamic finance mechanism, especially for attracting high-end industries.

 

 




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