Government | Monday 20 March, 2017 5:00 am |

The UAE International Investors Council (UAEIIC) has announced participation and collaboration as the official investment partner for the Annual Investment Meeting (AIM) which will be held in Dubai from 2nd- 4th April 2017 at the Dubai International Convention and Exhibition Centre.

Held under the theme ‘International Investment, Path to Competitiveness & Development’, this year’s edition of AIM 2017 will discuss economic development opportunities and counter challenges.

UAEIIC serves as a link between the council members and UAE governmental agencies to serve the best interests of the national economy. At the Annual Investment Meeting (AIM 2017), UAEIIC will conduct meetings with ministers and government representatives of different countries participating at the forum and also organise one-on-one interactions for businessmen and investors to discuss methods of joint co-operation in the field of investments.

UAEIIC operates under the wise vision of HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and functions in accordance with the guidelines launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which aims to make UAE a leading economic hub internationally. To ensure it meets these goals and objectives, UAEIIC strives to maintain a balanced economic growth in the country which brings prosperity to all the citizens of UAE.

The council adheres to a comprehensive strategy to achieve this goal, and the fundamental element of this strategy is UAE overseas investments. These investments are critical to enhance the economic diversification, UAE’s global economic competitiveness and exchange of international expertise and technology.

A report by CBRE states that low oil prices did not dampen the spirit of Middle East investors. The report indicates that Middle East investors committed a substantial $10 billion (Dh36.73 billion) on overseas commercial real estate in 2016. In fact, the region’s sovereign wealth funds — particularly that of Qatar and UAE — were the most active in spreading the funds abroad, the consultancy adds.

“Official figures indicate that UAE overseas investments have been growing remarkably making the UAE the top Arab foreign investor. The growth in overseas investments is a reflection of the UAE’s strong and stable economy, and underpins UAE’s pivotal role in spurring and attracting foreign investments. UAEIIC’s partnership with AIM will support effective collaborations between the key players of the economy which will boost the national economy on an international level,” said Dawood Al Shezawi, CEO, AIM’s Organising Committee.   

UAEIIC aims to join investment efforts of UAE companies investing abroad under one umbrella to form an investment power which facilitate obstacles, strengthens foreign investment relations and supports a sustainable economic development.

“The participation of UAEIIC at Annual Investment Meeting (AIM) increases the stature and significance of the event as the council will bring to the event some of the best practices and key insights for a robust economy. In addition, UAEIIC’s participation will facilitate a dialogue between investors and governmental bodies which will help strengthen the economy as well as provide innovative solutions for challenges and focus on successful investments which will guarantee sustainability for the future generations to come,” concluded Al Shezawi.