UNWTO signs MoU with AIM to foster tourism-based investments

By Shilpa Annie Joseph, Official Reporter
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UNWTO signs MoU with AIM
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The World Tourism Organization (UNWTO), the specialized agency of the United Nations for tourism development, and the Annual Investment Meeting (AIM) have signed a Memorandum of Understanding (MoU) to strengthen their cooperation around common interests in tourism-related investments.

The two parties will work together to harness the power of tourism to drive global development and to accelerate the implementation of the agenda 2030 and the Sustainable Development Goals (SDGs).

AIM, an esteemed investment platform in the Middle East, provides an invaluable and unparalleled opportunity for public and private entities to come together to achieve their shared vision of growth and sustainability.

Through this new MoU, UNWTO and AIM have formally committed to jointly support the following goals: the effective implementation of the agenda 2030 and the 17 SDGs through tourism investments, and the promotion of innovation and technology.

Zurab Pololikashvili
Zurab Pololikashvili

“UNWTO has recognized investments as our key priorities for tourism right now and into the future. Investments are essential for the tourism sector to grow. And in turn, a thriving tourism sector can also attract investors. UNWTO is proud to collaborate with AIM around our shared goal of boosting investments into tourism and into the projects that will deliver greater sustainability and resilience for the sector.”

According to the statement, “UNWTO and AIM’s collaborative works related to investment facilitation and promotion will see them share and disseminate knowledge regarding investment policies among their stakeholders and networks and maximize foreign direct investments’ positive economic impact on the sector.”

“AIM takes pride in its belief that keeping abreast of the latest changes and issues while at the same time making available the best venue where the brightest minds, from all sectors, can converge to find solutions and scale up development ideas is of utmost importance. We welcome this great chance to cooperate with the UNWTO and we are certain that this collaboration will be fruitful,” commented Mr. Dawood Al Shezawi, President of AIM.

In line with the two organizations’ commitment to cooperate in the implementation of projects as stipulated in the MoU, UNWTO will spearhead the “Tourism Investment Forum” to be held on the framework of the upcoming AIM Global 2023 in Abu Dhabi on May 8 to 10, 2023.

Related: Ajman Tourism seals MoU with Wego to bolster tourism sector