Page 31 - MOE ENGLISH PR - MAY 2024

Press Release

Next50 initiative holds its first meeting to formulate a new vision to

promote the growth & expansion of UAE’s private sector companies

• Initiative in cooperation with EMIR Research falls under

‘Investopia communities’

• H.E. Bin Touq: The initiative opens up new prospects for the private sector
to engage with investors & stimulate capital flows in new & sustainable

sectors

Abu Dhabi, 27 May 2024:

Investopia, in partnership with EMIR, an emerging market research specialist, held the first
meeting of the ‘Next50’ initiative, which aims to promote dialogue and knowledge sharing among
leading companies in the UAE, and stimulate investment in emerging sectors in the private sector.
The meeting was held in the presence of H.E. Abdulla bin Touq Al Marri, Minister of Economy
and Chairman of Investopia, H.E. Hadi Badri. CEO, Economic Development at Dubai Department
of Economy, Dr. Jean Fares, CEO of Investopia, and Trevor McFarlane, CEO of EMIR.

The Next50 initiative launched by Investopia in its third edition comes under the umbrella of
Investopia Communities, which brings together 50 founders and CEOs of UAE companies in
finance, construction, tourism, services and other sectors. Their combined revenues exceed tens of
billions, which represent success stories achieved by the private sector. The initiative provides them
with a valuable platform to share experiences, explore opportunities for collaboration and
partnerships, and review investment opportunities in new economy sectors in promising markets.

H.E. Bin Touq said that the Next50 initiative reflects Investopia's commitment to supporting the
private sector in accordance with the UAE government’s efforts to enhance the competitiveness of
leading companies that have achieved considerable growth in the UAE market. This approach
stems from the private sector’s key role in driving national economic growth, the need to provide

1