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ABU DHABI, 8th May, 2023 (WAM) — The Abu Dhabi Chamber of Commerce and Industry, ADCCI, as part of its participation in the Annual Investment Conference as a supporting partner, and as part of its Promote and promote investment on the first day.
The Chamber demonstrates the importance of the Congress in presenting the latest smart investment trends to drive sustainable economic growth.
Abdulla Mohamed Al Mazrui, Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), reaffirmed Abu Dhabi’s status as a key investment hub, saying that with the rapidly changing economic and investment landscape, the annual investment conference provides a platform to exchange knowledge and expertise , and emphasized the importance of using innovation to drive investment.
“The Congress reinforces the Emirate of Abu Dhabi’s leading position as a premier global investment destination and a leader in attracting international investment,” he added.
“The Emirate of Abu Dhabi and the UAE have launched several initiatives to integrate modern innovative technologies into their infrastructure and amend laws to facilitate doing business and facilitate investment. As a result, the country has increased accumulated foreign direct investment (FDI) and become a One of the world’s most popular investment destinations and the first easy-to-do business destination in the MENA region.”
In addition to this, Ali Saeed bin Harmal Al Dhaheri, First Vice Chairman of the Abu Dhabi Chamber of Commerce, said in his keynote address at the Arab African Entrepreneurs Summit held as part of the AIM Congress: “The Arab African continent is estimated by Afreximbank to have The trade volume will reach US$80 billion. However, plans are underway to strengthen trade exchanges between Africa and the Arab region. The UAE is proud to be one of the largest investors in Africa among the GCC countries in the past decade and the fourth largest in the world Investors. The African market has huge potential. In 2018 alone, the Abu Dhabi Development Fund has funded more than 66 projects in 28 African countries with a total amount of US$16.6 billion. From January 2016 to July 2021 During the period, the UAE invested $1.2 billion in sub-Saharan Africa, accounting for 88% of the GCC’s total during the same period.”
“On behalf of the Abu Dhabi Chamber of Commerce and Industry, we remain committed to stimulating investment and trade relations by supporting the private sector. We believe that joint investment is essential to boost economic development,” he added.
The summit provides a platform to promote bankable investment opportunities led by entrepreneurs, small and medium enterprises (SMEs), and macro investments from the African and Arab regions.
The Annual Investment Conference will be held in Abu Dhabi from 8-10 May. The AIM Conference provides a platform for a wide range of industries to discuss the latest investment trends and opportunities, exchange ideas and explore potential partnerships. It also provides attendees with insights on a wide range of topics including fintech, blockchain, sustainable investing, and more.
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