Business as usual at the 4th Connect – World CEO Forum | Business as usual at the 4th Connect – World CEO Forum -
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Business as usual at the 4th Connect – World CEO Forum

United Arab Emirates: Sunday, March 22 - 2009 @ 09:32

Delegates reported many valuable business connections and real business discussions/contracts were underway.

Robin Kent from Rebel Digital reported: “Great event – some really good connections and some real investors interested in doing business with us. We are hoping to announce our first project is underway in a matter of weeks with a $40 Million dollar business launched as a direct result of contacts we have made with investors – add to this the possibilities for future business are real and i would say the forum has been an enormous success.”

Mark Voysey of Cunning said, ‘ We came here to open our Mena office and did not expect to get so much interest so quickly with companies asking us to meet them on the last day of the forum and set up follow up meetings, I already have 6 creative briefs out and we are working on proposals for some of the biggest names brands in the World, so I would say a huge success’.

Roger Ellis of the British Business Alliance said: “Things are miserable at home right now so we are looking to East to develop business for our members. I have been coming to the forum for the last four years and this year was probably the most positive as people are not there just to enjoy the fabulous networking and hospitality, they are there to do real business this year. When we are able to vote our next prime Minister in and there is a new Government I have very little doubt that the British Overseas trade board will be re-launched and the Middle East will be our greatest potential.”

Trevor Stokes of the Bahrain Economic development Board stated: ‘We wanted to meet business leaders from around the World and discuss the proposition of Bahrain and it’s business friendly environment, so rather than going to the World, we invited the World to meet us at the forum. As a result of this we met the head of the USA, UK, Indian and many other countries business groups and invited them all to come and see for themselves. Lot’s of great contacts, lots to follow up, a great event!

Premal Patel of Veritas Investments Bahrain said: ‘I just wanted to say that last week’s event was one of the best…great networking opportunities…..good debates/discussions…..very professional…..well organised……and overall a major success…..

Oliver Rothschild of Buchler Rothschild Investments stated, ‘Thank you for the effort – you again achieved a very successful World CEO Forum. This despite the gloom and doom merchants you did it again – we will give you our full support in all your future plans.

James Magee the founder and organiser of the World CEO Forum stated, ‘This market is not immune to the World economic slow- down, there is of course an under-current of job losses and major development projects being cancelled or postponed, but the Middle East markets – or the ‘United States of Arabia’, as I like to call the region, has still got the youngest, fastest growing, wealthiest and most educated consumer in the World right now – so 350 Million customers with this demographic has got to be THE most important in the World for any company for the next five years. WhenIi started the forum in 2005, (first event 2006), I did not realise what a significant impact it would have on trade and how important it would be as a worldwide connecting point’, We are very proud of what we have achieved’, he added.

‘We launched two new businesses/joint Ventures at the forum, www.cunning.com and www.vivid-es.com and they already have over 10 new customers/orders, so I would say to everyone out there preaching doom and gloom – NOW is the time to re-double your efforts, NOW is the time to look at your business propositions, your management, your staff, NOW is the time to focus on your your customer service – NOW is the time to look after your customers and find new ones, we expect to double the size of our turn-over and profits in 2009 and hire more people – to quote Warren Buffett, ‘The US economy has fallen of a cliff, – We are close to the worst case” that he had imagined. 78-year old Buffett has seen the odd recession or two in his time, but seemingly never one as bad as this before but he insisted that over 10 years, “you will do considerably better owning a group of equities” than US treasury bonds. This market is making a fool out of everyone, even Warren Buffett, the greatest investor of all time. As he amply proves, picking the bottom of the market is a mug’s game. You simply cannot time the market.’ Forget timing the market. Time in the market is what you need to be concentrating on. As Buffett says, by buying good quality shares, you’ll make money over 10 or 20 years. And now, with the market close to a 15-year low, is a much better time to be buying shares than when it was all the rage just over a year ago.

“Be fearful when others are greedy, and be greedy when others are fearful.”

“We have adapted that policy and brought in the greatest creative minds in the World to our forum to prove our point that the Middle East will indeed lead the World out of this recession,”

Magee added.

The next Middle East forums will take place in 2010 in either Abu Dhabi or Bahrain and JV’s/licences are being negotiated for China, India, Singapore and Hong Kong.

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Sunday, March 22- 2009 @ 9:32 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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