2024-02-28 22:08:50
His Excellency Abdullah bin Touq Al Marri, Minister of Economy, confirmed yesterday that the national economy of the UAE, thanks to the vision of its wise leadership, is taking steady steps towards sustainable growth and competitiveness.
He said: We are halfway to achieving the economic goals of the “We are the Emirates 2031” vision, by doubling the country’s gross domestic product to reach 3 trillion dirhams by the next decade, and the UAE obtaining first place in the world in developing proactive legislation for new economic sectors. He pointed out that there are more than 788,000 A company that was registered in the Emirates by the end of 2023, as part of the plan to reach one million companies by 2031.
This came during the opening of the third edition of the “Investobia 2024” summit in Abu Dhabi under the slogan “The New Economy: Investing in Fast-Growing Sectors,” with the participation of a prominent elite of leaders, investors, local and international government officials, and a group of experts, decision makers, economic players and entrepreneurs, and in the presence of representatives. About the 100 Companies of the Future initiative. The Investopia 2024 Summit hosts more than 90 speakers representing major international companies through more than 38 dialogue sessions covering the latest investment and economic trends, such as new strategies in risk capital deals, the growth potential of the green economy, and the new generation of investment. The summit also includes about 5 table meetings. Round.
100 companies
He explained that this year’s edition of “Investobia” is special because it witnessed the announcement of the launch of the second edition of the “100 Companies of the Future” initiative between the Ministry of Economy and the Government Development Office, which keeps pace with new, future and emerging economies. In its third edition of the initiative, “Investobia” also provided a space for communication with… Global investors and learn about the latest global investment trends.
His Excellency the Minister of Economy reviewed the three main pillars of “Investobia”, which are “Investobia Global Dialogues”, “Investobia Investment Communities”, and “Investobia Marketplace”, and added that “Investobia” has been able over the past years to impose itself and strengthen its presence among the business communities. In light of the rapid global changes, it has succeeded in forming broad relationships with various international investors, asset managers and investment banks to become one of the most prominent global platforms for investment, in addition to concluding global partnerships with international institutions to exchange experiences about investment opportunities in the new economy. It has also communicated with more than From 5,000 participants during the three editions of Investopia, to discuss and debate about shaping the future of investment in the new economy sectors.
He pointed out that the UAE launched “Investobia” in 2021 to become an important part of supporting its vision to build a more flexible and diversified knowledge economic model, and to enhance the UAE’s position to become the global center of the new economy by the next decade in accordance with the “We are the UAE 2031” vision.
11 discussion sessions
The first day of the Investopia Summit witnessed the holding of 11 discussion sessions that addressed investment opportunities in the sectors of the new economy, technology, circular economy, creative and sports, and aviation technologies.
The first day witnessed an important session entitled “The Limitless Horizons of the New Economy: Exploring Opportunities,” in which Dr. Mahmoud Mohieldin, Executive Director of the International Monetary Fund, Dr. François Bourguignon, Honorary President of the Paris School of Economics, and Dr. Nathan Sheets, Chief Global Economist at the International Monetary Fund, participated. City Research, which was managed by John Defterios, Professor of Business Administration at New York University in Abu Dhabi.
Dr. Mohieldin spoke about the necessity of not neglecting low- and middle-income countries when talking about global economic trends and changes related to it, citing the continent of Africa, which has moved from a low-income continent in the past to become today a middle-income continent, and stressed the urgent need for investment in human capital, the education sector, and infrastructure. The first day also included holding a roundtable meeting entitled “Family Offices – Stimulating Environmental and Social Investment, Corporate Governance, and Shaping the Future.” The summit hosted a discussion session entitled: “Investing in the Creative Economy.”
Memorandum of Understanding
Investopia announced the signing of a memorandum of understanding with the Emirates Motor Company, to enhance cooperation in the field of innovative transportation. The signing of the memorandum of understanding was witnessed by His Excellency Abdullah bin Touq, while it was signed by Badriya Al Maidour, Assistant Undersecretary of the Ministry of Economy for the Support Services Sector, and Ahmed Al Fahim, Chairman of the Board of Directors of Al Fahim Group.
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