Investopia investment summit has announced the signing of a Memorandum of Understanding (MoU) with Deloitte Middle East for collaboration to enrich the Summit’s discussions and workshops.

Under the terms of the agreement, the two parties will jointly study significant economic areas such as investments in Artificial Intelligence, social and environmental sustainability and governance, promoting women’s participation in economic growth, and the role of government policy in driving economic recovery from the pandemic.

The MoU was signed by Abdullah Ahmad Al Saleh, Under-Secretary of the Ministry of Economy; and Mutasem Dajani, CEO of Deloitte Middle East; in the presence of Abdulla bin Touq, Minister of Economy, along with senior officials from both sides.

Commenting on the partnership, the Minister of Economy said, “In the post-pandemic phase, the world is witnessing new investment dynamics while tackling issues of investments’ social and environmental impact. We, therefore, believe in the necessity to develop a global platform to bring together government officials, investors, start-ups/small medium-size enterprises, sector leaders, social entrepreneurs, and other stakeholders to lay down the foundations of building a responsible and sustainable future economy.”

He added, “Accordingly, we are working to establish qualitative partnerships to promote our efforts in enriching agendas and sessions that best serve the chief purpose of the Investopia Summit.” Bin Touq further underlined the significance of public-private sector partnerships in establishing a prosperous, competitive, sustainable economy that lives up to the expectations of both governmental agendas and investors. He added that the latest partnership with Deloitte is one of the several vital partnerships the Summit will embark on during the upcoming phase.

Dajani, in turn, said, “We are delighted to be partnering with the United Arab Emirates Ministry of Economy on the launch of Investopia, a unique platform to enhance global collaboration for the world’s business stakeholders and create prosperity for future generations. By using the strength and expertise of our global network, Deloitte will share knowledge and deep insights on economic growth and innovation to support start-ups and investors in the UAE.” The UAE will organise and host the first edition of the Investopia summit on March 28, alongside Expo 2020 Dubai. It is one of the major strategic initiatives under the ‘Projects of the 50’ announced by the UAE Government last year.

The inaugural edition of the Summit will witness the participation of more than 50 intellectuals and industry experts as well as more than 300 government officials, institutional investors, startup and SME leaders, social entrepreneurs and other stakeholders to share ideas, create opportunities, and promote future investments all over the world.

Earlier the Ministry of Economy (MoE) has signed a Memorandum of Understanding with the Abu Dhabi Department of Economic Development (ADDED) to consolidate efforts to support the targets of the upcoming Investopia summit at the federal and local levels.

The summit, set to be held on March28 alongside Expo 2020 Dubai, is one of the major strategic initiatives under the ‘Projects of the 50’ announced by the UAE Government.

The agreement was signed by Abdullah Bin Touq Al Marri, Minister of Economy, on behalf of the Ministry of Economy; and Mohammed Ali Al Shorafa Al Hammadi, Chairman of ADDED.

During the ceremony, the Minister underlined the importance of strengthening integration between the federal and local levels to achieve national objectives following the directives of the wise leadership. These include supporting economic development and strengthening the UAE’s position as a global destination for investments, particularly in the new economic sectors that support implementing the initiatives, principles, and projects of the 50.

He noted that the signing of the MoU is a significant step in supporting efforts to consolidate investment opportunities in the country to achieve the goals set by the Investopia summit.

Bin Touq explained that the Summit supports the national ambitions, investment attraction programmes, and the UAE’s influential position in the global investment landscape. It is poised to achieve these goals through its ambitious target to enhance FDI inflows into the UAE over the next ten years through various sectors by the latest global investment trends.

The conference will also advance the future of investments in the country in accordance with a new vision that focuses on future technologies, activities of the new economy, climate action and the adoption of community responsibility and governance standards. It supports the goals of the national inward and outward investment plan by providing a key platform for stimulating FDI inflows into the UAE, which is a crucial strategic goal among the targets of the economy of the 50.