Egypt, India, Belgium, Kazakhstan, Serbia, Ethiopia, Ghana, Swaziland and St Lucia shines at AIM Awards 2018

Egypt’s General Authority for Investment received the award for being the best Investment Promotion Agency (IPA) in the Middle East and North Africa region at the Annual Investment Meeting Awards held at a gala ceremony at the Armani Hotel on April 9, 2018, while Moroccan Investment and Export Development Agency became runner-up.

IPA’s play a great role in attracting foreign direct investment (FDI) into an economy and help create employment as well as reduce poverty. In 2016, more than US$1.52 trillion worth of foreign direct investment was recorded and US$653 billion were flown into developing economies.

Invest India won the best award for the South, East Asia and Oceania region while Vietnam Trade Promotion Agency has adjudged runner-up.

Flanders Investment Trade of Belgium won the award for Europe while Britain’s Department for International Trade became the runner-up in Europe. Kazakh Invest was the winner in Central Asia, Caucasus and Russia region while Uzbekistan, Committee of Investment became runner-up for promoting inward investment into their respective countries.

In the Central, Eastern Europe and Turkey region, Serbia’s Vojvodina Development Agency won the best award while Slovakia’s Slovak Investment and Trade Development Agency has adjudged runner-up. In East Africa region, Ethiopian Investment Commission won the best award while Rwanda Development Board was runner-up.

In West and Central Africa region, Ghana Investment Promotion Centre won the best award while Nigerian Investment Promotion Commission became runner-up.

In Southern Africa region, Swaziland Investment Promotion Agency won the best award, while Economic Development Board of Mauritius became runner-up. Invest Saint Lucia won the best award in the Latin America and the Caribbean region, while ProNicaragua has been adjudged the runner-up.

Congratulating the winners, Dawood Al Shezawi, President of Annual Investment Meeting (AIM), said, “The AIM Awards are a reflection of the strength of the investment promotion agencies of these particular countries in branding and attracting investment that helps these countries to develop their economies fast and create jobs.

“AIM has been playing a crucial role in supporting the IPAs to build their capacity to attract investment and the results are very clear. These IPAs are shining examples and other IPAs could take inspiration from them. We will them all continued success.”

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 participate 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.