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Abu Dhabi, United Arab Emirates, May 8, 2023: In the presence of His Highness Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council Sponsored, the Annual Investment Conference (AIM Global 2023) kicked off today (May 8) at the Abu Dhabi National Exhibition Center (ADNEC) in Abu Dhabi.
Organized in partnership with the Ministry of Industry and Advanced Technology and the Abu Dhabi Department of Economic Development, this year’s Annual Investment Conference The theme is “Investment Paradigm Shift: Future Investment Opportunities for Sustainable Economic Growth, Diversification and Prosperity”.
The global event witnessed a wide range of government ministers, policymakers and industry leaders from all over the world, as well as investors, senior representatives of multinational and large corporations, start-ups, SMEs, smart city solution providers, technology service providers, and representatives from A large number of visitors from more than 170 countries around the world.
Day one of AIM Global 2023 kicked off with a series of keynote speeches and live panel discussions with top policymakers and business leaders who shared their experience and expertise with participating delegations, focusing on current economic conditions and potential investment opportunities.
The list of speakers included prominent officials and economic figures such as His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade and His Excellency Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (added).
Welcoming the guests, Dr. Thani Al Zeyoudi said, “On behalf of the UAE Government, I am delighted to welcome you to the ‘Investment Paradigm Shift: Future Investment Opportunities to Promote Sustainable Economic Growth, Diversity and Prosperity'”. The purpose of this event is to discuss and explore current and future investment opportunities, promote foreign investment, and promote sustainable economic growth on a global scale. We expect a series of discussions and agreements between governments, business leaders and investors to achieve these goals over the three-day event. “
In his speech, Dr Thani Al Zeyoudi emphasized the importance of sustainable global economic growth through the integration of different sectors and the adoption of investment policies based on deploying advanced technologies to reduce carbon emissions and relying on clean and renewable energy for development. sustainable development. He also highlighted the importance of public-private partnerships in investing in supply chain integration and interconnection.
He referred to the results of the 2022 Foreign Direct Investment Report published by the United Nations Conference on Trade and Development, which ranked the UAE first in the region and 19th globally in terms of its ability to attract FDI. The report also ranks the UAE 17th globally in terms of outbound investment, with investment flows from the UAE reaching $22.5 billion in 2021, a 19 percent increase over 2020.
Additionally, Dr. Thani Al Zeyoudi highlighted the importance of the Annual Investment Conference as one of the largest investment gatherings in the world, where senior officials, investors and business delegations from various countries come together to meet, discuss and forge strategic partnerships in Abu Relationships Dhabi has strengthened its position as a global hub for business growth and development and a destination of choice for international events and exhibitions.
In his keynote address, His Excellency Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), highlighted the great progress Abu Dhabi has made in pursuing its economic diversification strategy and laying a solid foundation for the continued development of a knowledge-based economy based on innovation basic economy. He said: “Abu Dhabi is witnessing the rise of the falcon economy, driven by flexible policies and a robust regulatory and legal framework, making us a mainstay for companies looking to expand their operations in the region . Our rapid economic growth, coupled with growing international confidence in living, investing and prospering in Abu Dhabi, make us an ideal destination of choice.”
HE announced that “Abu Dhabi’s real GDP in 2022 has exceeded AED 1 trillion, with the non-oil sector accounting for 50% of total GDP, reaffirming the success of its economic diversification strategy that encourages public-private partnerships and domestic and foreign investment. Our The aim is to increase Abu Dhabi’s non-oil exports by 143 percent to AED178.8 billion by 2031.”
HE Al Zaabi further explained: “Abu Dhabi’s extraordinary success story is only in its infancy and it will continue to thrive as the region’s most competitive industrial, trade and financial destination. We continue to provide unparalleled support and incentives measures to help global businesses succeed through business enablers and innovation hubs and credible investment entities providing funding.To strengthen Abu Dhabi’s economy and accelerate economic diversification, we have launched a series of bold initiatives to underpin our business-friendly ecosystem. This is a testament to Abu Dhabi’s role as a business enabler and our efforts to provide a solid infrastructure for businesses to thrive.”
The first day of the event featured a global leaders debate and a fireside chat with Russia, attended by ministers, senior government officials and senior officials from international organisations. In parallel, several panel discussions were organized as part of AIM Global 2023’s Investment Track and Innovation and Technology Track.
Under the investment track, the first session discussed “Global Economic Outlook: Beyond Paradigm Shifts, Next Steps for Investment Markets”, exploring opportunities for FDI and FPI in identifying changes that will alter the global investment landscape.
This will be followed by a session on ‘Abu Dhabi IPO Fund’, followed by a session titled ‘Putting FPIs into a Greener World’ and concluding with a session on ‘Creating Resilient Supply Chains to Increase Growth Opportunities’ .
Meanwhile, the Innovation and Technology track focuses on the city of the future, the transition between digital transformation and future transformative technologies, and building the city of the future with foreign direct investment. In addition, the role of start-ups in achieving economic growth and the role of SMEs in expanding technology markets, implementing more modern technological solutions and attracting investment are discussed.
The “2023 Entrepreneur Investment Summit” held at the same time is hosted by the League of Arab States, and the Federation of Arab Chambers of Commerce, the Arab African Economic Development Bank, and the Investment and Technology Department of the United Nations Industrial Development Organization undertake the Promotion Office-Bahrain. The summit provides a platform dedicated to promoting bankable investment opportunities led by entrepreneurs, SMEs and macro investments in the region, among other objectives.
The World Health Organization’s Local Production Forum discussed the importance of enhancing access to medicines and other health technologies through collective action, and investing in innovation and technology transfer to improve and sustain health care delivery.
The Global Credit Management and Non-Performing Loan Investing Forum, hosted by DDC Financial Group, featured three conversations exploring available opportunities for investors in the non-performing loan space and the current economic environment and its impact on rising interest rates, among other topics .
The first day of the Forum was well attended and featured prominent representatives from various countries including Moscow, Armenia, Georgia and Namibia presenting their top investment opportunities. There is also the Association of Southeast Asian Nations (ASEAN) Regional Focus Forum, organized in partnership with the ASEAN Business Advisory Council.
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