Dubai FDI unveiled Hamdan Centre for the Future of Investment (HCFI) to boost Sustainable Development
Dubai Investment Development Agency (Dubai FDI) has announced the launch of Hamdan Centre for the Future of Investment (HCFI) – a global initiative by His Highness Sheikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai that aims to channel foreign direct investment (FDI) to sustainable development activities to help economies to benefit from.
The HCFI aims to present a global partnership model in providing a thriving investment ecosystem that keeps pace with global shifts towards sustainable investment and new forms of investment.
Following the expiration of Millennium Development Goal (MDGs) in 2015, Sustainable Development Goals (SDGs) was launched in the same year targeting 2030 by the United Nations.
The sustainable development goals (SDGs) are a 17 new, universal set of goals, targets and indicators that UN member states will be expected to use to frame their agendas and policies aiming 2030.
Dubai FDI is building a value network of national, regional and international professionals, strategic partnerships with the local and international investor communities and cooperation platforms with regional and international organisations, financial institutions and research centres, Dr. Raed Safadi, Chief Economic Adviser of DG Office, told delegates at the Annual Investment Meeting.
Dr Raed Safadi talked about new generation investment this centre will make UAE remain globally competitive and attract innovative investments from around the world. Especially, in start-ups, technologies that drive Smart Cities, the Fourth Industrial Revolution and Block Chain applications, which were also the topics of discussion in AIM conference.
“There are vast opportunities for us send FDI abroad and attract FD to our land. We investor needs to focus on the social values while investing. We should spend where it will be a help to upgrade a developing society.”
The UAE ranks 34th in the world in terms of Foreign Direct Investment (FDI) inflow and 2nd in the Middle East. However, as a source for FDI, the UAE ranks 23 in the world and the first in the Middle East – making it a net capital exporting country in the world.
Major UAE businesses, DP World, Etisalat, Emaar Properties, Dubai Properties, Eagle Hills, Economic Zones World, Smart Cities, Nakheel, Limitless, Damac Properties, Emirates Group, Etihad, Emirates NBD Group are major investors in other countries.
Additionally, major UAE-based sovereign wealth funds have actively been investing in foreign countries, including Abu Dhabi Investment Authority, Mubadala, Dubai International Capital, etc.
Integrated framework to develop ‘Impact FDI’ standards and projects will further enhance Dubai’s unique advantages as a globally recognised and preferred FDI destination.
“Transforming the Sustainable Development Goals (SDGs) into economic, social and environmental realities will create exceptional opportunities for investors and entrepreneurs worldwide.”
HCFI will commence its activities with three main programmes under the ‘Impact FDI’ theme.
“Impact FDI” is the term of reference for FDI projects that contribute to sustainable economic development goals with positive outcomes on: people, business and the environment.
The Vision is to set a leading global centre of “Impact FDI” development, partnerships and foresight.
And the Mission is to enhance the role of “Impact FDI” in achieving sustainable economic development goals by shaping the future “impact FDI”, enhancing private sector contributions to achieve the global Sustainable Development Goals (SDGs) and facilitating “impact FDI” flows into sustainable development projects.
The three-day Annual Investment Meeting (AIM) congregation of high-profile officials that include 25 federal ministers, 19 mayors, eight organisation heads, one head of parliament and investors will see the signing of a number of agreements and announcements that will help countries boost the flow of Foreign Direct Investment (FDI).
This will make the AIM the largest such gathering of government leaders and private sector business leaders and investors, organised by Ministry of Economy. Last year, more than 19,000 visitors including VIPs, dignitaries and government delegations participated at the three-day conference. This year More than 20,000 investors and business visitors are expected to participated at the eventful three-day-long activities that will address issues related to global follow of Foreign Direct Investment (FDI).
Governors and Mayors from the Federal Republic of Nigeria, Ukraine, Mayor of the Municipality of Timisoara, Romania, Governor of Kano State, The Federal Republic of Nigeria, Governor of the Perm region of Russian Federation, Mayor of Municipality of Adjovscina, Republic of Slovenia, Metropolitan Chief Executive of Republic of Ghana, Governor of Kilifi County Government, the Republic of Kenya and many other governors and mayors from Ecuador and other countries are going to attend AIM 2018.
More than 143 countries participate in the eighth session of the Forum and about 20 thousand investors and visitors from around the world.
A number of global ministers, inspiring business and thought leaders will lead interesting discussions on investment trends, public-private partnerships, sustainability, investment promotion, cryptocurrencies, and sovereign wealth fund at the forthcoming Annual Investment Meeting (AIM) to be held at the Dubai World Trade Centre from April 9 to 11, 2018.