Walid Farghal, Director General, Annual Investment Meeting (AIM) Organising Committee has said that foreign investment in the local tourism and travel sector will see dramatic rise in 2014, at a time when the country is becoming leading global tourism hub powered by the Expo 2020 win. The figure of nearly 90 million passengers passing through UAE airports in 2013 was one proof of this boom.
The remarks came in connection with the preparations by the UAE Ministry of Economy to organise the 4th AIM from 8 – 10 April 2014 at the Dubai International Convention and Exhibition Centre under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai.
Farghal said: “The UAE is primed to be one of the best countries in the world, according to the UAE Vision 2021, and this will boost foreign investment and enhance closer cooperation between public and private sectors. We think that this international event will provide an ideal interactive platform for governmental and private entities.”
Over three previous editions, AIM produced results by highlighting challenges and opportunities of foreign investments in the region and the world. This event will discuss key factors in attracting Foreign Direct Investments (FDI) and the role of business environment, infrastructure, logistics and government initiatives in encouraging flow of foreign investments to any country, in addition to many other relevant topics.
Farghal added: “We are delighted and proud that AIM has become an international event that showcases investment opportunities in several countries from emerging markets in Asia, Africa and others.”
Representatives from more than 165 countries will attend the AIM and visitors are expected to exceed 10,000. The event is witnessing participation from 60 Economy Ministers, Undersecretaries, decision makers, senior officials, experts, economic analyst, businessmen and investors from over 120 countries, in addition to elite regional and international media.
Farghal added: “Over the past few years, the UAE introduced a series of decrees and legislations to create a favourable investment environment. These steps are expected to fuel FDI investments further.”
“There is a need to strengthen partnerships between public and private sectors to achieve excellence, localisation of knowledge and to deepen the involvement of the private sector as well as to accelerate the implementation of knowledge-based economy.”
Farghal added: “We invite all those interested in FDI to attend the AIM and update themselves on the challenges that face the investment sector across the board.”