Wed 01-03-2023 15:34 PM
DUBAI, 1st March, 2023 (WAM) -- Investopia 2023 announced the launch of its newly innovative investment platform “Marketplace”, with the aim of enhancing the UAE attractiveness to foreign investments in various economic and commercial sectors, in particular the new economy sectors, and with the aim to position the UAE as a leading investment destination on the regional and global level.
The launch will take place during the 2nd edition of Investopia conference on the 2nd and 3rd of March in the UAE capital, Abu Dhabi.
In this regard, Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia, said that due to the directives and the vision of the UAE's wise leadership, the UAE has pursued competitive and flexible investment policies that have been instrumental in enhancing its investment climate and positioning it as a prominent player on the global investment map.
Al Marri highlighted that the "Marketplace" platform supports the UAE's ambitious vision "We the UAE 2031", which aims to establish the country as a leading global partner and a desirable and influential economic centre by providing new investment opportunities and enablers to business communities through a single portal, which enhances the country's appeal to potential investors and supports the national target of doubling the country's gross domestic product to reach 3 trillion AED by 2031."
Investopia Marketplace is open to members of the Investopia community, including local, regional, and global partners, venture capitalists and angel investors, institutional investors, large investment funds, sovereign wealth funds, family investment offices, and banks.
The platform provides opportunities in all promising sectors of the new economy such as renewable energy, healthcare, transportation, logistics, agricultural and financial technology, and other promising new sectors that benefit from technology and innovation and lead growth in the next decade in the UAE, which contributes to increasing the flow of investments towards future projects and sectors.
Investopia will also support the UAE objectives on the international level, in particular through supporting its green growth agenda, and work on spurring international investments in sustainable and environment-friendly projects.
Investopia will engage and work closely with its strategic partners and industry leaders, including the International Finance Corporation (IFC), SALT, Crypto.com, and iConnections to develop this newly launched platform. All details on how to register and participate in this platform will be announced in the next stage.
The platform's will allow companies from the public and private sectors, institutions, governments, and investors from Investopia communities worldwide to explore and invest in opportunities, including the cities which hosted Investopia’s Global Talks like New York, Milan, Rabat, New Delhi, Mumbai, Cairo, Havana, and others, in addition to the strong bilateral economic relations between the UAE and these destinations, in which the platform can source investment opportunities from these different countries and others.
Within the platform’s working mechanism, companies, institutions, and governments are guaranteed to present their investment projects and opportunities, sectors, locations, stages, goals, and the capital needed for the project. In turn, Investopia communities of investors and partners review projects and choose the ones that are suitable for their portfolios and investment strategies.
Adding to the platform’s work mechanism and subsequent steps, Investopia actively seeks to collaborate with partners from all over the world to attract more investment projects that can play a vital and strategic role in the global economy.
Additionally, Investopia is reaching out to investor communities to provide them with an opportunity to view the projects’ evaluations according to their strategies and investment portfolios. By building comprehensive information that is permanently accessible to the Investopia community, The Marketplace is aiming to be the go-to platform for investment projects.
The "Marketplace" currently includes various investment projects proposed by many countries around the world, particularly in the energy sector such as hydropower, and projects in agriculture from Kyrgyzstan. In addition, there are projects in sectors such as energy and electricity from Romania.
Investopia adopts an ambitious target of accelerating the pace of attracting investments to the country and attracting AED 550 billion of inward foreign direct investment to the country by 2031, reaching AED one trillion by 2051.
Foreign direct investments in the country are witnessing continuous growth, as the UAE attracted foreign direct investments worth US$20.7 billion in 2021, with a growth rate of 4 percent from 2020, positioning the UAE in the first place in West Asia, the Middle East and North Africa.
It is expected that foreign direct investment inflows to the country will reach 22 billion in 2022, which represents 4.3 percent of the gross domestic product (GDP) of the national economy, according to a report issued by the Institute of International Finance. This reflects the confidence of investors and businessmen in the UAE as a global destination for investment and trade.