Deputy ruler inaugurates first Dubai Investment Week

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum opens event which explores the prospects for strengthening local and international partnerships
Deputy ruler inaugurates first Dubai Investment Week
Organised under the theme Investing in Future Transformations, the event explores the prospects for strengthening local and international partnerships for shaping the future of FDI.
By Sam Bridge
Mon 08 Oct 2018 06:35 PM

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of Dubai, on Monday inaugurated the Dubai Investment Week 2018, hosted by Dubai FDI, the investment development agency of the Department of Economic Development (DED).

Organised under the theme Investing in Future Transformations, the event explores the prospects for strengthening local and international partnerships for shaping the future of FDI across innovation, development and knowledge, and review the competitive advantages of Dubai as a major hub in the global economy.

The opening was attended by senior government officials, decision-makers and leaders within the global investor community.

Sheikh Maktoum also launched the Dubai Guide for Healthcare Investment 2018, which was prepared by Dubai Health Authority to showcase investment opportunities in the healthcare sector and its sub-sectors.

The first day’s sessions explored the most important opportunities for public-private partnerships in Dubai and the UAE, which topped Arab countries in the World Bank's Ease of doing Business Report 2017 with a global ranking of 26th.

The second day will be devoted to enhancing the readiness of the local and international business and investor community to keep pace with future changes, with emphasis on cooperation and investment partnerships.

The discussions are expected to provide pointers to companies seeking opportunities for growth and expansion in Dubai and a gateway to regional and global markets.

Sami Al Qamzi, director general of the Department of Economic Development in Dubai, in his welcome address on the opening day, said: “The Dubai Investment Week 2018 is of great importance as it coincides with the UAE Cabinet adopting a federal budget of AED180 billion for the 2019-21 period.

"His Highness Sheikh Mohammed bin Rashid Al Maktoum has announced that next year's budget will be the largest in the history of the Union, accelerating the engines of development and economy, and enhancing the sustainability and global competitiveness of the UAE economy.”

FDI inflows to Dubai recorded a 26 percent year-on-year growth in the first six months of 2018, reaching AED17.7 billion.

Fahad Al Gergawi, CEO of Dubai FDI added: “Dubai Investment Week will continue its pivotal role as an ideal platform to facilitate international investors' access to promising opportunities in Dubai, which is steadily enhancing its global leadership in the ease of doing business and investment.

"This will lead to further FDI growth, especially in the value-added sectors and in the knowledge, technology and research fields, which are a cornerstone of the UAE Vision 2021 as well as the Dubai 2021 Plan."

Dubai Investment Week 2018 has brought together 500 senior government officials, international investors, decision-makers, policy-makers, experts, pioneers and representatives of leading public and private companies to participate in its dialogue sessions, interactive workshops, closed meetings and field visits.

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