In the first virtual digital session of "Al-Hadath", which starts October 20
«Economy»: 25 thousand participants from 176 countries in the annual investment forum
Al-Zeyoudi confirmed during a teleconference that the 2020 forum is being held in circumstances that require intensified dialogue.
From the source
Abdullah bin Touq: "The UAE has been able to consolidate its position as an attractive investment destination for value-added projects."
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Yesterday, the Ministry of Economy announced the launch of the first digital session of the virtual annual investment forum for the year 2020, which is organized by the ministry during the period from 20 to 22 October, with the participation of 25,000 investors and economic officials from 176 countries.
The Ministry stated, during a press conference held remotely, that developing a digital model for a global dialogue platform such as the annual investment forum is gaining great importance in light of the current circumstances and enhancing the state's ability to review its future vision and consolidate its position as one of the most prominent investment destinations.
Global platform
In detail, the Minister of Economy, Abdullah bin Touq Al-Marri, said that the investment forum organized by the ministry annually is an important global platform that brings together officials, experts, investors and major local, regional and international companies to exchange ideas and experiences and work together to develop the investment climate and link stakeholders to enhance development opportunities, and come up with solutions Innovative challenges on the global economic landscape.
He added that the ministry will launch the works of the first digital session of the virtual forum for the current year, during the period from 20 to 22 October next, under the slogan "Reshaping Economies ... Transitioning Towards a Flexible and Sustainable Digital Future."
An investment destination
Al-Marri pointed out that the UAE has over the past years managed to consolidate its position as a leading and attractive investment destination for value-added projects, especially in the sectors of the new economy, and the country has also succeeded in developing its capabilities in the planning process and anticipating the future, in addition to developing proactive solutions to enhance the resilience of its national economy in the face of Global economic variables.
He stressed that developing a digital model for a global dialogue platform, such as the annual investment forum, is gaining great importance in light of the current circumstances and strengthens the country's ability to review its future vision and promote opportunities in its priority sectors, to attract and attract investments to it through innovative means.
Adaptability
In turn, Minister of State for Entrepreneurship and Small and Medium Enterprises, Dr. Ahmed Belhoul Al Falasi, said, “The UAE continues its pioneering role as a hub for the development of trade, investment and business activities, whether in its local markets or at the regional and global levels, and by launching the first digital version of the annual investment forum, it proves its ability To adapt to the changes in the economic landscape and find innovative solutions to various challenges, such as those that we are currently witnessing due to the spread of the (Covid-19) pandemic. ”
Al Falasi added that, over the past years, the annual investment forum has provided a pioneering platform to support emerging companies, stressing that the digital version of the 2020 forum will continue to support and encourage entrepreneurs and owners of small and medium enterprises.
Startups
Al Falasi explained that the forum will link 1580 international startups and 190 Emirati startups with more than 500 international investors, in addition to allowing them to gain new ideas and knowledge, exchange experiences, attend relevant virtual exhibitions, review business opportunities and partnerships, in addition to communicating with investors from During 25 competitions the current session will witness.
He mentioned that this year's forum will present a number of seminars and specialized virtual workshops on entrepreneurship with 1166 participants registered so far.
New links
For his part, Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al-Zeyoudi, said that the annual investment forum for this year, in its first digital version of its kind, is being held under unusual circumstances that the global economy is going through that requires intensifying dialogue and creating new links that support commercial and investment activities in various world markets. This makes the forum focus on discussing the efforts of states and institutions, to provide new solutions and measures that support sustainability, business continuity and flexibility in facing various challenges.
Sharing
In addition, the head of the organizing committee of the annual investment forum, Dawoud Al-Shizawi, said that the digital version of the forum will witness the participation of more than 25 thousand investors and government officials from ministries and economic institutions from 176 countries, indicating that the facilities for participation in the virtual version of the forum that allow dialogue sessions And through a hypothetical exhibition, it supported attracting more participants than the number of participants in the last session of the Forum during 2019, when the number of participants reached 16,000.
Al-Shizawi added that the forum in its new session will focus on the variables of foreign investment and investment opportunities during and after the "Covid-19" pandemic, in addition to drawing a roadmap to build a resilient future for the global economy despite the current challenges posed by the pandemic.
Forum axes
The head of the organizing committee of the annual investment forum, Dawood Al-Shizawi, said that the agenda of the annual investment forum for the current year includes six main axes: foreign direct investment, emerging companies, small and medium enterprises, future cities and foreign investment portfolios, the One Belt Initiative: One Road, addition To a group of activities and events that include a virtual exhibition and a virtual startup competition.
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