Saturday 25 June 2022 - 1:45:59 am

Day 2 of AIM 2022 reinforces UAE's bid to become new global investment hub


DUBAI, 30th March, 2022 (WAM) -- The strong response received on the second day of the Annual Investment Meeting (AIM), which runs until Thursday 31st March, serves as a fitting boost to the UAE's continuing efforts to become an ideal global investment hub.

Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, AIM 2022 is tackling timely and important economic issues, while also giving credence to foreign direct investment's (FDI) role as a major contributor to the gross domestic product (GDP) of emerging economies across the world.

Under the theme "Investments in Sustainable Innovation for a Thriving Future", AIM 2022 has lived up to its commitment to serve as a strategic platform for global exchange that openly supports international investment policies, strategies and practices for sustainable development to achieve smart and inclusive global growth. The mega business event has also managed to attract the signing of multiple Memorandum of Understandings (Mou).

The second day witnessed panel discussions on FDIs and the economic backdrop of the UAE, prompting various start-ups and new businesses to display their products and services.

Varis Sayed, Chief Executive Officer at Fincasa Ventures, said, "We are looking forward to meeting global start-ups and entrepreneurs at AIM 2022 and providing them with the market knowledge to propel their start-ups and take them to the next level. Additionally, this is a good opportunity to partner with governments and Venture capitals to create co-investment opportunities to support the UAE start-up ecosystem."

Recognising the UAE's ability to propel businesses, Rabih Khoury, Managing Partner and Chief Executive Officer, Middle East Venture Partners (MEVP), said, "Most stocks have been listed on NASDAQ and on the New York stock exchange, but we have not been able to get our stocks outside the United States yet. Thankfully, Abu Dhabi approved our stock and is helping propel our business in this region."

A representative from Parque Technologico Itaipu (PTI), Arab Brazilian Chamber of Commerce and the Union of Arab Chambers, commented, "This is a good opportunity for us to stay and sign this agreement with the Arab community. For us it is very good as we can share our experience in innovation."

WAM/MOHD AAMIR/Khoder Nashar/Amjad Saleh