Tag Archives: Annual Investment Meeting

Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai and in the presence of HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, the Annual Investment Meeting (AIM) 2019 opened yesterday. The 9th edition of the world’s biggest platform for foreign direct investment (FDI) will run until April 10 in Dubai under the theme ‘Mapping the Future of FDI: Enriching World Economies through Digital Globalisation’. The event also witnessed the presence of four presidents, one Deputy president and 40 ministers including H.E. Evo Morales, President, Plurinational State of Bolivia; H.E Muhammadu Buhari, President, Federal Republic of Nigeria; H.E Rustam Minnikhanov, President of Tatarstan, Russian Federation; H.E. Ramzan Kadyrov, Head of Chechen Republic, Russian Federation and H.E. Huchiev Muslim, Deputy Chairman of Chechen Republic, Russian Federation. In his opening speech, His Excellency Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Cabinet Member and Minister of Infrastructure Development said, “We are delighted to welcome all of you to the opening ceremony of the ninth edition of the Annual Investment Meeting. The forum, organized by the Ministry of Economy, has become a prominent event on the regional and international arenas as one of the largest investment gatherings in the world. We are honored by the wide global participation in this year’s edition, which includes delegations from more than 140 countries from around the world, who have gathered here to jointly explore the latest trends in foreign direct investment.” “At the national level, the UAE continues to rank first in the region in terms of FDI inflows, which in 2018 amounted to USD 10.4 billion according to …

Leading Sharjah government entities are leveraging their presence at the ninth Annual Investment Meeting (AIM 2019) to showcase the emirate’s diverse sectors and competitive advantages on offer to foreign investors seeking opportunities for expansion. Showcasing Sharjah’s strategic location, investment-friendly business landscape, transparency and flexibility of procedures, which adds to the UAE’s profile among top investment destinations globally, participating entities have revealed that they are working towards boosting these qualities by launching smart technologies, which will drive growth in all sectors, particularity boosting the role of technology and the innovation sector. Sharjah Chamber of Commerce and Industry (SCCI), Sharjah Economic Development Department (SEDD), Sharjah Research, Technology and Innovation Park (SRTIP), Sharjah Entrepreneurship Centre (Sheraa) and Sharjah Media City (SHAMS), are among the participating entities in the Sharjah stand along with the Sharjah FDI Office (Invest in Sharjah). HE Abdallah Sultan Al Owais, Chairman of SCCI, said AIM represents a great opportunity for the Chamber to reach out to key investors in the world and establish new partnerships with them. “We make the best use of our relationships with several overseas markets to support foreign trade, attract foreign investment and highlight the competitive advantages Sharjah is equipped to offer at various levels,” he said. HE Sultan bin Haddah Al Suwaidi, Chairman of SEDD, said, “The Annual Investment Forum 2019 is a valuable opportunity for the department to introduce investors to our latest services and facilities, especially those that can be accessed from anywhere around the world on our smart application.”

Al Rajhi Bank, Saudi Arabia’s second largest bank and the world’s largest Islamic bank, reported a growth rate of 8 per cent during 2015- 2018, with 8.9 per cent increase in operating income and a 27 per cent expansion in the number of mortgages in 2018. Additionally, its current accounts grew 6.6 per cent in 2018 amid the rising Singapore Interbank Offered Rate (SIBOR) environment, the international benchmark interest rate. The bank has been playing a visible and active role in enticing foreign investors to Saudi Arabia. The bank made the announcement ahead of the upcoming Annual Investment Meeting (AIM) 2019, the latest edition of the world’s leading platform for FDIs, which will take place in Dubai from April 8 to 10 under the theme ‘Mapping the Future of FDI: Enriching World Economies through Digital Globalisation’.  Al Rajhi Bank’s Chief Executive Officer, Steve Bertamini, is one of AIM’s conference and workshop speakers this year. Bertamini pointed to the bank’s robust financial performance, industry standing, and proactive and sustained engagement with regional and global investors as the main catalyst to create investor interest in the Kingdom, which will then generate more foreign direct investments (FDIs). In addition to Al Rajhi Bank, Annual Investment Meeting (AIM) 2019, will also witness the participation of Mario Cimoli, Deputy Executive Secretary, Economic Commission for Latin America and the Caribbean (ECLAC), Chile. At the upcoming Annual Investment Meeting, Dr. Mukhisa Kituyi, Secretary General, United Nations Conference on Trade and Development (UNCTAD), Switzerland, will also underscore the need to make critical investments in digital development strategies and other technological advances. This year’s AIM will witness the presence of over 80 speakers from countries as Brazil, UK, Republic …