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UAE uses AIM platform to attract FDI
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9 May 2011 |
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The UAE is set to host the inaugural Annual Investment Meeting 2011 (AIM) that is expected to be a new hotspot for global investment opportunities, according to top government officials.
Starting on May 10, it will be a platform to bring foreign direct investment (FDI) into the region and emerging markets will get opportunities to showcase their projects and also explore bilateral trade with many participating countries, they said.
Indicators show that emerging markets with their strong economic performance, dynamic monetary policies and financial flexibility have single-handedly transformed the post-recession world economy.
According to World Bank statistics, cross-borders capital flows will reach $746 billion in 2011, the recipients of this sizable amount of foreign capital belongs the fittest and the most structurally and economically prepared.
About 75 countries from all seven continents represented, 11 ministers, one president, 30 IPAs, 15 chambers of commerce, the support of the United Nations Conference on Trade And Development as well as the World Association for Investment Promotion Agencies make this event a unique platform that connect institutional, corporate and individual investors to project promoters, government officials, ambassadors and business leaders.
Dubai will host the three-day global investment meeting. It will be the second big event for Dubai after Common Market for Eastern and Southern Africa (COMESA) that helps promote investment and trade at international level.
Abdullah Al Saleh, Undersecretary of the Ministry of Foreign Trade, at a news conference in Dubai presented a deeper insight into his expectations and vision of the event. "We are pleased to see over 75 international official country delegations arriving through our airports to invest or present projects,"Al Saleh said.
This overwhelming international support emphasises the importance of this event on the world stage, he said, adding: "We understand their high expectations and anticipate the impact of the AIM not only on their economies but also on the bilateral commercial cooperation the UAE has built and will strengthen with each participating countries during the event."
The event proposes a diverse yet very focused set of features (Conference, B2B Meetings, Leadership Roundtables, Workshops, Country Presentations & Exhibitions) designed to exceed the needs of prospective investors and reach out to a wider range of project promoters. The AIM Exhibition's ultimate goal is to strategically empower participants' potential by providing them with limitless exposure and enhanced visibility to business savvy financiers.
With an optimistic yet realistic assessment of today's economic realities, he mentioned that AIM will help stimulate strategic investments from global investors towards high-growth economies as well as enhance the status of investment of the UAE.
"Our country made substantial steps to enhance its global attractiveness by refraining from establishing restrictive protectionist policies that would have impacted negatively on FDI flows and future influx of inward capital,"he said.
He mentioned that statistics present a 13 per cent increase of FDI flows in 2010, which is a great testimony of foreign investors' confidence in the UAE economic landscape.
The meeting comes at the right time to encourage investment identification or direct detection and public/private partnership opportunities, he said, adding: "The AIM is a first event of its kind to be launched in the region and probably in the world and its respond to a critical need for a strategic meeting point for investment promotion."
The news conference was also attended by Fahad Al Gergawi, CEO of the Dubai Economic Department Foreign Investment Office and Dawood Al Shezawi, CEO of Strategic Marketing and Exhibitions - the organiser of the event.
Al Gergawi said the AIM is a strategic step towards help build a perennial hub for investment intelligence in the UAE and with the global investment community.
"Our role is to empower initiatives aiming at strengthening trade and business relationships between UAE and our international partners."
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Source: beta.thehindu.com |
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