The UAE has been named the 13th Most Promising Home Economy for Investment in 2017-19 according to a survey conducted by the United Nations Council for Trade and Development (UNCTAD) and Investment Promotion Agency (IPA) Observer.
The ranking, published in the UNCTAD’s recently released annual World Investment Report (WIR) 2017, reflects the UAE’s liberal and investment-friendly business policies as the country also moves up in the World Bank’s Doing Business ranking for 2018 to 21.
Meanwhile, the UAE International Investors’ Council (UAEIIC), a semi-government investment institution with an objective to promote two-way investment, has announced its partnership – as Official Investment Partner – with the Annual Investment Meeting (AIM) to be held at the Dubai World Trade Centre from April 9-11, 2018, that is expected to boost the US$1.85 trillion global FDI flow expected in 2018.
The decision comes as the UAE prepares to liberalise its foreign investment laws allowing greater foreign ownership in local companies in key sectors.
AIM, the largest annual gathering of government ministers, trade bodies, chambers of commerce and industries, investment authorities as well as private investor groups, will see a flurry of activities including investment policy reforms, ease in doing business to allow greater flow of capital and goods movement across the region.
Welcoming the UAEIIC as the Official Investment Partner of Annual Investment Meeting, Mr Dawood Shezawi, President of AIM, says, “Our partnership with UAEIIC will help boost two-way investment into the UAE and outward investment from the UAE – and help us play our role as a promoter of investment flow for development.
According to the World Investment Report 2017, global investment flow declined 2 per cent to US$1.75 trillion in 2016.
“Flows to developing economies reached $646 billion in 2016, UNCTAD report shows.
“The flow of outward investment from developing economies registered a 1 per cent decline to $383 billion, despite a surge of outflows from China, now the second largest investing country in the world,” said the World Investment Report 2017.
The UAEIIC takes firm steps to be the voice of the UAE to invest abroad, as it represents a national umbrella of great importance for the development of national investments issued in view of its role in communication and coordination with government agencies to support, protect, promote and expand the interests and objectives of UAE investors abroad and in the interest of the national economy, according to Jamal Al Jarwan, Secretary-General of the UAEIIC.
The eighth edition of the Annual Investment Meeting will be held on 9 - 11 April 2018 at the Dubai World Trade Centre, under the theme, ‘Linking Developed and Emerging Markets through FDI: Partnerships for Inclusive Growth & Sustainable Development’.
In a span of three days, an array of activities are staged including a Conference, Exhibition, Capacity Building Workshops, Country Presentations, Investors’ Hub, Gala Dinner, Investment Awards, various G2G, G2B and B2B Networking Features, AIM Startup Innovation Showcase and Pitch Competition.