UAE is second largest FDI recipient in West Asia

The Higher Organising Committee of the Annual Investment Meeting (AIM) 2017, to be held under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, announced Abu Dhabi Global Market (ADGM) as the key supporter of its FDI report chapter which will be released at the event on 2-4 April at the Dubai International Convention & Exhibition Centre.

“ADGM is pleased to be part of the AIM 2017 that brings together local and international industry leaders, policy makers, and the investment community to share best practices, discuss industry developments and establish new partnerships. FDI is a key contributor of UAE’s  economic and investment growth.  As an international financial centre, ADGM works actively on efforts and initiatives that enhance UAE’s and Abu Dhabi’s strength as an attractive financial and investment destination for local and international entities. Business and investors can tap on ADGM’s open, conductive and well-regulated platform to connect with various growth sectors and further their business strategies. As an international financial centre, ADGM will continue to play an active role in collaborating and supporting efforts and initiatives that enhance Abu Dhabi’s strength as an attractive financial and investment destination for local and international entities,” said Richard Teng, Chief Executive Officer of the Financial Services Regulatory Services of ADGM.

The UAE has adopted measures to create a more favourable environment for foreign investors including the acquisition of properties by foreigners in several emirates. Abu Dhabi has built a diversified economy with more than US$1 trillion of investable assets under management.

According to the FDI Report 2016, the global FDI were forecasted to decline by at least 5% in 2016. The Middle East and Africa has generated $59.8bn of outward capital investment.  The UAE was the second largest FDI recipient in the West Asia region in 2015, after Turkey.

“The UAE boasts an environment that encourages foreign corporates to invest locally; low energy costs, the national vision to diversify the economy and the high purchasing power are some of the factors that attract international companies,” commented Dawood Al Shezawi, CEO, AIM’s Organising Committee.

“Hosting AIM, we are happy of the high quality of attendees and their contributions. The spot will be on emerging markets during the 3 days of the event, which will allow us to highlight the strength of these markets and their willingness to welcome new businessmen from abroad. The focus will also be on the competitiveness of national economies,” added Al Shezawi.

He concluded: “We are happy to have the Abu Dhabi Global Market as our supporter. This collaboration promises to unveil relevant data on the emirate’s experience with the foreign economical players.”

The seventh edition of the Annual Investment Meeting will take place under the theme “International Investment, Path to Competitiveness & Development”. Richard Teng will be a speaker at AIM Conference to discuss finance and innovation on the third day of AIM.

ADGM is a broad-based IFC that is established to support the financial stability and long-term economic growth of Abu Dhabi and the UAE.  Comprising three independent authorities – the Registration Authority, the Financial Services Regulatory Authority (FSRA) and ADGM Court – ADGM became fully operational in October 2015.