DIW to boost investor confidence: Sheikh Hamdan

Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, emphasised that Foreign Direct Investment flows into Dubai in 2019 continued to grow remarkably, making the emirate one of the top three global FDI locations.

This achievement has been made possible by the vision and leadership of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, he said.

Sheikh Hamdan added that such an achievement reflects the confidence of the local and global investor community in Dubai’s strategic plans and vision for the future.

In this context, Hamdan Bin Mohammed has issued directives to hold the fifth edition of Dubai Investment Week (DIW) from September 29, to October 3, 2019 under the theme ‘Investing in the City of the Future’.

He said the week-long programme of events will showcase how Dubai has transformed the challenges of future cities into opportunities for growth, partnership and innovation to cope with the needs of the present and lead the world as the smart and sustainable city of the future.

“The Dubai leadership’s push in adopting the Fourth Industrial Revolution technologies and creating regulatory frameworks for new business models have further developed Dubai’s investment environment and opportunities as well as its human capital, and hard and digital infrastructure advantages,” said Hamdan. “Today, Dubai is a preferred global FDI destination in the fields of artificial intelligence and robotics,” he added.

Hamdan Bin Mohammed hailed the role of “ Dubai Investment Week”, organised by Dubai Investment Development Agency, an agency of Dubai Economy, in enhancing the readiness of the investment environment and investor confidence in the emirate, as well as highlighting current and future investment opportunities in the strategic and emerging economic sectors in the emirate.

He also praised the progress achieved in facilitating investments and supporting the success and expansion of businesses through the introduction of new and innovative legislation and services. Furthermore, he called for deeper cooperation between government entities and investors to further enhance the productivity, competitiveness, and return on investment in the emirate and enhance the contribution of FDI projects to the sustainable economic development of the UAE and Dubai.

Sami Al Qamzi, Director General of Dubai Economy said, “The Dubai Investment Week is held under the patronage of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, and reflects Dubai’s leading position in enhancing FDI’s contribution to the future.”

Al Qamzi pointed out that DIW 2019 edition comes at a time when the UAE’s and Dubai’s investment environment is witnessing many positive developments. “A series of legislation and new initiatives by our wise leadership to boost investments, have enhanced Dubai’s attractiveness for capital, technology, and talent,” he added.

“Dubai’s success in attracting remarkable FDI flows will further enhance the emirate’s position as a pivotal hub in the global economy, thanks to the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,” continued Al Qamzi.

“Dubai Economy is committed to further develop and enhance cooperation with local and international investors through the DIW 2019 programme as a leading global platform to learn about opportunities for growth, partnership, and innovation in Dubai,” said Al Qamzi.

“Despite regional and global economic challenges, FDI inflows into Dubai in recent years, have been sustainable and growing. Today, Dubai is one of the top three global FDI locations, which reflects investors’ confidence in the Emirate’s investment ecosystem and its strategic advantage as the city of the future, the gateway for regional growth markets and global business hub,” he concluded.

Fahad Al Gergawi, Chief Executive Officer of DUBAI FDI noted that the DIW 2019 will focus on partnerships with investors and how Dubai keeps pace with the current and future aspirations of local and global investors to further develop its FDI ecosystem.

“We aim to develop new investment opportunities in strategic and emerging economic sectors and transform the challenges facing future cities to new investment opportunities to enhance the success and expansion of global companies and startups in Dubai and beyond,” Al Gergawi added.

WAM