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Abu Dhabi /Â WAM
Reflecting the UAE’s keenness to enhance its competitive economic edge and maintain an investment-friendly environment, the Government of Abu Dhabi is participating in this year’s edition of the Annual Investment Meeting (AIM 2017) which was launched on Sunday at the Dubai World Trade Centre and will run until April 4.
Held under the theme “International Investment, Path to Competitiveness and
Development”, AIM 2017
discusses economic development opportunities and counter challenges. The international forum plays host to 140 countries and 150,000 attendees in addition to 100 high-level officials, 500 exhibitors and more than 100 media partners.
The forum comes at a time where the UAE Government is accelerating efforts to increase foreign direct investment, FDI, inflows into the country to reinforces its position as a preferred FDI destination for the international investor community.
A recent Dubai FDI Monitor report revealed that Dubai attracted AED25.5 billion in FDI inflows in 2016 and succeeded in maintaining its position among the top 10 global cities in attracting foreign investment, ranking seventh worldwide.
Dubai has also successfully attained 247 new investment projects, which reaffirmed its position as a preferred international investment hub and stood third behind London and Singapore in new investment initiatives in 2016, as per the report released by the Dubai Investment Development Agency, Dubai FDI. The sustained FDI inflow into Dubai underlines the strength of the local economy and its ability to create new opportunities for investors.
Saif Saeed Ghobash, Director General of the Abu Dhabi Tourism and Culture Authority, TCA Abu Dhabi, stated that the Authority is effectively participating in the international forum as part of its contribution to the economic diversification programme adopted by the government in line with Abu Dhabi Economic Vision 2030.
Abu Dhabi Ports (ADP) is also participating at AIM 2017 to promote Khalifa Industrial Zone Abu Dhabi (KIZAD) as an investment
destination.
“Free zones are a major point of attraction for global industries and ADP’s participation at the Annual Investment Meeting comes at a time when Abu Dhabi Ports recently announced a massive expansion of the Khalifa Port Free Trade Zone within KIZAD,” said Mohamed Al Shamisi, CEO of ADP.