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ABU DHABI, 19th January, 2023 (WAM) — The United Nations Conference on Trade and Development (UNCTAD) has announced Abu Dhabi as its host for the eighth World Investment Forum, to be held from 16-20 October 2023. host city.
Themed ‘Investing in Sustainable Development’, the forum will bring together government leaders, global CEOs and other investment stakeholders to address key challenges arising from multiple global crises, including the need to invest in food security, energy, health , supply chain resilience, infrastructure and productive capacity growth in least developed countries.
UNCTAD Secretary-General Rebecca Greenspan and Minister of State for Foreign Trade Dr Sani bin Ahmed Al Zeyoudi introduced the Forum’s priority themes today.
The forum will be held a few weeks before the annual climate summit COP28, which will also be held in the UAE. The forum will enable policymakers and other stakeholders to find solutions and build consensus on priority issues, the outcomes of which will feed into the COP28 negotiations.
important opportunity
“At a time when much of the world is struggling with contracting markets and a post-COVID recovery that is not yet fully on its feet, UNCTAD’s 8th World Investment Forum is an important opportunity to take a longer-term perspective ,” said Dr Al Zeyoudi.
The challenges facing the world, whether systemic issues such as climate change, inequality and food security, or mitigating the impact of the pandemic on trade, investment and supply chain resilience, require unprecedented unity of purpose and action, he said.
Dr Al Zeyoudi added: “It is fitting that this event takes place in the UAE, where we are constantly reshaping and reshaping our economy to anticipate future changes. Decades of innovation in the UAE is now having an impact on our systems and A level of recognition and trust. process, while various national initiatives have helped attract unprecedented investment and talent, transforming our country into a truly global center for business.”
Abu Dhabi Economic Development Chairman Mohammad Ali Al Shaurafa, from the host city of Abu Dhabi, stressed the urgent need to preserve and consolidate the global reform process, including trade liberalization and responsible investment policies.
“In the context of a highly volatile global economic landscape, the international community has a collective responsibility to address the challenges facing the multilateral trading and development system,” he said. “It is imperative that we continue to come together, collaborate and identify much-needed solutions and alternatives for the prosperity of all nations and humanity.”
Al Shorafa said the UAE proudly embodies the ideals of openness, equality and sustainable development, which are the pillars of its successful international business and trade principles. “We will continue to work with all countries to reduce poverty and support sustainable long-term growth. We have a clear vision of how to scale up the solutions needed to help move the world forward and achieve real progress.”
For her part, Trypans highlighted the important role the forum has played in mobilizing the international investment development community in its efforts to tackle global challenges, which have multiplied and converged in recent years.
“I see how more and more investors, companies and governments are putting sustainability and long-term value at the heart of their activities,” she said. “The World Investment Forum aims to bring them together to make a positive contribution to solving today’s most pressing issues, including through climate finance and investment. I would like to thank our host country partners, the Ministry of Economy and the Government of Abu Dhabi, for their willingness to host the Forum .”
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