“The Arab world has been one of the least impacted regions of the downturn. The Arab investment environment is characterized by stable economies, business-friendly policies and solid political and infrastructural frameworks. Around 3,000 foreign companies registered in the UAE last year despite the crisis, reflecting the region’s sustained reputation as a premier business and investment destination,” said H.E. Abdullah Ahmed Al Saleh, Director General of the UAE Ministry of Foreign Trade.
Speaking on the Investment opportunities in the Arab Region, H.E, added:
“It depends on the respective priorities of each country. In the UAE, our diversification program points to several growth areas such as special events, renewable energy, Islamic finance, and tourism as excellent investment targets. These have been combining to generate more than 60% of our annual GDP. It is important for foreign businesses and investors to carefully evaluate each economic sector and find out how they are incorporated into the national development agenda.”
The two day’s Summit will give ample opportunities to companies to display their projects and attract investment to the region. The Summit includes conference sessions and panel discussions. The speakers will examine the investment opportunities in the region and will direct the investors towards the right sectors.
On the role of government in helping the investors, H.E mentioned that, “Each Arab government has its own incentive programme suiting its economic base. What we do have in common is the focused movement towards open economies. As one of the most dynamic open markets in the region, the Emirates offers numerous incentives to investors, first and foremost of which is our strategic geographic location which places us hours away from the key markets of Europe and Asia. We also do not impose corporate and personal income taxes, offer 100% repatriation of capital and profits, maintain several world-class free zones and have abundant supplies of raw materials and cheap energy.”
Apart from individual addresses by speakers, the summit will also feature panel discussions on the subject: ‘ which sectors & strategies in GCC will generate the best returns over the next decade?’. The other topics include ‘what strategies will succeed in tomorrows mid market? Harnessing innovative & successful investment opportunities’ ‘Ensuring the resilience of the Islamic investments market’ Myths & realities of investing in Middle East: what is an appropriate risk adjusted return? ‘Re-building a new financial Architecture.’
The Arab Investment Summit will host H.E. Sheikh Faisal Khalid Sultan Al Qassemi, Chairman, Al Qasimi Group, H.E Eng. Ali Bin Saleh Al Barrak, President & CEO, Saudi Electricity Company, Bennani Omar, CEO, Morocco Agency for Tourism and Development, Dr. Raed M. Sarhan – Chief Investment Officer, Seera Investment Bank, Wong Yit Fan, Chief Financial and Investment Officer, Reem Investments, Muhsen Mohammed Al-Harbi, Chief Executive Officer, Sorooh Investment Company, Adnan Abdulaziz Al Bahar – Chairman & Managing Director, The International Investor, Nabil Maaloul – Chairman & CEO, Gulf Merchant Bank, Erik Essiger, Chairman & CEO, Emirates Capital.
The most remarkable part of the Summit is the ‘Arab Achievement Awards’. The Awards will highlight the achievements and innovations Banks, fund managers and Institutions in the Region and reward the best. The awards will also recognize companies with projects that have shown outstanding performance and have made exemplary contributions to the region’s development.
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