Attracting FDI is the main focus of AIM this year

By Rahul Vaimal, Associate Editor
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The UAE is expecting to secure some deals during the first mega digital version of the Annual Investment Meeting (AIM) to be held under the theme “Reimagining Economies: The Move Towards a Digital, Sustainable and Resilient Future.”

The three-day virtual summit from October 20 to 22 this year will include investors, entrepreneurs, government leaders, ministers and economic experts worldwide and expects 25,000 participants from more than 170 countries. The virtual gathering will witness the participation of more than 70 ministers, 300 speakers, 176 investment promotion agencies and 400 SMEs in the historic event.

Dawood Al Shezawi, President of AIM stated during a press briefing that one of the key aims of this event is to attract investments including the Foreign Direct Investment (FDI) to the country as some global investors are searching for opportunities to strengthen the economic relations.

Dr. Thani bin Ahamed Al-Zeyoudi
Dr. Thani bin Ahamed Al-Zeyoudi
UAE Minister of State for Foreign Trade

“ This edition of AIM is special as it will be the first mega digital event in the region which aims to discuss solutions for developing trade and investment and exchanging ideas to meet the challenges of the coronavirus pandemic. And we think also that will set a new benchmark for future virtual events in the UAE.”

Further, Al-Zeyoudi added that the meeting will exhibit the economic prospect of the country as an attractive investment hub, discover new measures to navigate the current market and reinforce the foreign trade sector as well as the relations among the countries.

The UAE is working to create a successful transition from oil-based wealth to a diversified one in a flexible and sustainable model and concentrating on sectors that mark the future economy and foreign investment has an important role in this transformation.

Al-Zeyoudi said that the country is working to draw smart solutions in the business and the pandemic period has shown the capacity of both the government and private sector of the UAE to alter according to the situation and develop a new strategy of work.

The 10th edition of AIM will build a platform to aid economic growth through its key agenda including FDI, Startups, Future Cities, SMEs and Foreign portfolio investment.

Annual Investment Meeting

The Annual Investment Meeting is the largest investment platform in the MENA region (Middle East and North Africa) which was initiated by the UAE Ministry of Economy. The event was conceived to promote a healthier economy by linking investment opportunities to fast-growing economies.