Abu Dhabi Investment Office takes part in the Annual Investment Forum (AIM) 2018 in Dubai
Khalifa Al Mansouri .. This participation aims to increase the scale of direct foreign investments and explain the role of Abu Dhabi Investment Office
Abu Dhabi Investment Office of the Department of Economic Development (DED) in Abu Dhabi will be participating in the events of the 2018 Annual Investment Meeting. AIM will be organized in Dubai World Trade Center between April 9th and 11th as part of an initiative by the Ministry of Economy and under the auspices of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai.
His Excellency Khalifa Bin Salem Al Mansouri, Undersecretary of the DED, said that the participation of Abu Dhabi Investment Office in this Meeting is part of its duties and responsibilities that aim to attract more direct foreign investments to the Emirate of Abu Dhabi, particularly in the non-oil sectors, which reflects the Meeting’s slogan that focuses on the fulfillment of partnerships to achieve overall growth and sustainable development.
He pointed out also that the scale of direct foreign investment flow in Abu Dhabi has exceeded 95 billion AED (25.9 Billion USDs) in 2016 as per the Statistics Center of Abu Dhabi (SCAD). Abu Dhabi Investment Office will be working on increasing this value over the next years by providing more opportunities and incentives to attract direct foreign investments to the Emirate.
Moreover, Al Mansouri explained that AIM serves as a proper platform for Abu Dhabi Investment Office to promote investment projects that define Abu Dhabi, particularly in the non-oil sectors which the Abu Dhabi Government is keen on implementing. Among these projects are the infrastructure, manufacturing, small and medium-sized enterprises, technology and innovation and other projects. The Office seeks to provide high quality product to potential investors which reflects the Emirate’s ambition to become the world’s leading investment destination.
He added that Abu Dhabi Investment Office “Invest in Abu Dhabi” provides the investors with valuable information through its platform in the Annual Investment Meeting regarding the investment environment in Abu Dhabi, in addition to data on all the targeted economic sectors and future projects in the Emirate. Additionally, it studies the investors’ needs and determines the required investment which it links to the projects implemented by the governmental and semi-governmental bodies and companies as well as the private sector which helps reinforce the relationship with the potential foreign investor.
Through its platform and the accompanying presentation, Abu Dhabi Investment Office offers its services to potential investors and introduces the targeted sectors and investment projects, in addition to the facilitations and incentives that Abu Dhabi Government provides in order to attract more direct foreign investments to Abu Dhabi.
It is expected that this year’s AIM will attract approximately 20,000 investors and visitors from the different advanced and emerging markets under the title “Partnerships for Overall Growth and Sustainable Development”.
AIM represents a unique platform that helps strengthen the state’s role as a distinguished investment destination. The annual report issued by the World Bank for doing business 2018 showed that the UAE has achieved a substantial leap in the Report’s results when it was ranked 21 out of 190 countries compared to last year’s rank of 26.
Moreover, as per the International Investment Report 2017 which was published by the UNCTAD (United Nations Conference on Trade and Development), the UAE was ranked 11th as the biggest receiver of direct foreign investment in Asia which the majority of investors coming from the United Kingdom, the United States and India.