The Ministry of Economy and the Abu Dhabi Department of Economic Development (ADDED) is the lead partner of the 8th edition of UNCTAD’s World Investment Forum (WIF)
The United Nations Conference on Trade and Development (UNCTAD) will be organising the World Investment Forum (WIF). This event will be hosted at Abu Dhabi’s ADNEC from the 16th to the 20th of October. Business leaders, government officials, and investors from over 160 countries have been invited to witness the promotion of the “Falcon Economy” promoted by Abu Dhabi as the game changer in the world of restructuring the business and economic environment.
The Ministry of Economy and the Abu Dhabi Department of Economic Development (ADDED) is the lead partner of the 8th edition of UNCTAD’s World Investment Forum (WIF). Their main agenda is to promote discussions and action around the world relating to the present scenario and future developments in the developmental investment space. They plan to achieve this aim by conducting numerous programs in partnership with several domestic and international organisations.
ADDED will showcase their “Falcon Economy” to the plethora of stakeholders from the investment and business world. It is a concept that will drive the Emirate’s future endeavours of economic diversification and shift towards a smarter, inclusive, and sustainable development model.
They have also organised special discussions, keynote speeches and training workshops to emphasise the “Make it in the Emirates” initiative. This is to boost the Emirati industrial and manufacturing sector in tandem with the UAE’s environmental promise of achieving Net Zero status by 2050 Strategic Initiative.
These events will enable healthy communication for the exchange of ideas and policies, improve partnerships and boost collaborative practices for the betterment of the global investment scenario.
Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), said that this 8th edition of the World Investment Forum displays their leadership vision and commitment towards improving international cooperation for the promotion of innovative solutions to enhance the global business community. It will also focus on sharing the core fundamentals of Abu Dhabi’s “Falcon Economy” to achieve the sustainable development goal commitments and the building of structural frameworks for the enhancement of human lives.
He highlighted that Abu Dhabi has been successful in making giant leaps in the achievement of its diversification objectives and strengthening the foundations to cultivate a knowledge-based, invention-driven economy. They are actively encouraging research programs and young talents to innovate sustainable solutions for the present and foreseeable future problems to help businesses provide greater value to all of their stakeholders.
Make it in the Emirates
The Ministry of Industry and Advanced Technology launched this initiative of “Make it in Emirates.” Under this, they have set up panel discussions named ‘Investing in the Emirates: Unlocking Opportunities for Sustainable Prosperity.’ This is aimed at displaying the various schemes designed for investors, entrepreneurs, manufacturers, etc., to establish their businesses in the UAE and take advantage of the country’s business environment.
The panel members will present the industrial and manufacturing capabilities of the UAE fueled by the National Strategy for Industrial and Advanced Technology set up in 2021. This will boost the nation’s industrial sector output, contribute to GDP, improve quality due to enhanced competition, attract more foreign investment and develop the country’s manufacturing sector.
Invest in Tomorrow
ADDED has planned another conference for ‘Invest in Tomorrow: Abu Dhabi’s economic transition,’ which is scheduled to take place on the 18th of October. This will provide a stage for the business world to understand the “Falcon Economy” and its role in strengthening the economy as a financial and innovation powerhouse.
They have planned a session on ‘Attracting Foreign Direct Investment in the Era of Industry 4.0: Opportunities and Challenges’ to showcase Abu Dhabi as a hotspot for foreign direct investment in the fields of advanced technology, R&D, and manufacturing.