Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, the fifth edition of the Dubai Investment Week was organized in Dubai yesterday. Investing in the Future City.
Dubai's economy has been able to keep pace with investors' aspirations, technology shifts and the aspirations of talented entrepreneurs in the region and the world.
The Dubai Investment Week highlights the promising prospects for investment in Dubai by introducing current and future investment opportunities and the positive developments in the emirate's investment environment.
During the first day of the Dubai Investment Week, the Dubai Investment Forum presented a keynote presentation by the founder of the Fourth Industrial Revolution, Henrik von Schell, on the theme of the fifth session, and how Dubai was able to cope with the needs of the present and to lead the world as a smart and sustainable future city.
The forum included the signing of a Memorandum of Understanding (MoU) between the Dubai Investment Development Corporation and the Ministry of Agriculture of the State of Tocantins, Brazil, in support of Brazilian companies based in Dubai as a key gateway to business growth in regional and international markets.
Openness policy
“Dubai's economy is built on openness with the world and on clear and detailed strategic plans,” said Sami Al Qamzi, Director General of Dubai Economy, stressing working hand in hand with the private sector to realize the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President. The Prime Minister and Ruler of Dubai, the most recent of which is the "Fifty Document", which drew an integrated picture of His Highness's future vision, reaffirmed the basic principles underlying the policies and orientations of the Emirate of Dubai, such as a free and open market economy and a preferred destination for foreign investments.
He pointed out that the «Document Fifty» included the launch of a set of initiatives and policies balanced, integrated and flexible that will support the rates of growth, and ensure sustainability and prosperity in Dubai.
Al Qamzi said that under the wise leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai and the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, Dubai has been able to keep pace with investors' expectations. Technology shifts and aspirations of talented entrepreneurs in the region and the world.
He added: “Dubai's economy is particularly proud of the many reliable international indicators that put the emirate at the forefront of the regional and global in many economic areas, highlighting the elements and advantages of Dubai's strategic economy and highlighting the facts and figures on the readiness of the global investment environment in the emirate.”
Al Qamzi spoke about Dubai's advanced position among the best cities attracting foreign direct investment over the past five years, stressing that it reflects the diversity of new investment opportunities in various vital economic sectors in the emirate, and stresses the sustainability and resilience of Dubai's economy in the face of the world shifts and economic challenges, have affected Has negatively affected FDI flows globally in recent years.
He added: "Dubai's economy and its institutions continue to work to provide a sophisticated investment environment that is the easiest to do business supported by continuous development, and open up broad prospects for investment in the emirate present and future," referring to Dubai economic studies that expected real GDP growth rates in Dubai to reach 2.1% in 2019, 3.8% in 2020 and 2.8% in 2021, reinforcing investor confidence in the reality of their business growth.
Al Qamzi stressed that the great achievements reflect the trust and successful partnership that has laid the foundations of the leadership of the Emirate of Dubai, with a clear vision for the future, which enhanced the participation of the private sector in the process of sustainable economic development in the Emirate of Dubai, to become the Emirate of choice for the growth and expansion of international companies and emerging from around the world.
Invest in the future
Fahad Al Gergawi, Executive Director of the Dubai Investment Development Corporation, said that the Emirate of Dubai has maintained its global leadership among the top 10 cities attracting new investments over the past five years and attracted an increase of 139% during the first half of this year totaling 46.6 billion. This is a major achievement that underscores the diversity and readiness of the emirate's economy to employ capital, technology and talent flows in many qualitative investments in future economic sectors that keep pace with the developments of the 21st century.
He added: `` Dubai surprised the world in 2018, when it topped the list of the best investment sites in the world in the transfer of artificial intelligence and robotics, and investment in renewable energy. It ranked fifth globally in reinvestment, a clear sign of the confidence of the global investment community in the business environment in the UAE and Dubai. He stressed that the results of the first half of this year, and the classification of the Emirate of Dubai among the top three cities to invest globally, in capital flows and foreign direct investment projects, emphasized the role of the Emirate of Dubai in transforming the challenges of the cities of the future into opportunities for growth, partnership and innovation, as the gate of investment in the future. .
Influential investment
In the same context, the winners of the "Influential Investment in Development Award" were honored in six categories. The companies won the «SEP» category «the largest high-tech project», «« Amazon »category« the largest logistics project »,« Aqua Power »category« the largest sustainability project », and« Unilever »category« the largest A re-investment project, GE Aviation for the category of "largest priority sector project", and "Sims" recycling solutions for the category "the largest effective investment project."
Sami Al-Qamzi:
"Providing a sophisticated investment environment is the most easy to do business."
Fahad Al Gergawi:
"Dubai turns the challenges of future cities into opportunities for growth, partnership and innovation."