Page 319 - MOE ENGLISH PR - MAY 2024

5/29/24, 3:39 PM ‘Next50 ‘ holds 1st meeting to formulate new vision to promote growth of UAE’s private sector companies – The Gulf Time Newsp…
‘Next50 ‘ holds 1st meeting to formulate new

vision to promote growth of UAE’s private sector

companies

ABU DHABI/ WAM

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 Abdulla bin Touq Al Marri, Minister of Economy and Chairman of

Investopia, 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.
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 an enabling environment for its success, and

the strengthening of the business community’s capabilities in the light of the ‘We the UAE 2031’ vision.
He added that the ‘Next50’ initiative opens up new prospects for cooperation, fostering continued dialogue

https://gulftime.ae/next50-holds-1st-meeting-to-formulate-new-vision-to-promote-growth-of-uaes-private-sector-companies/ 1/2