Page 349 - MOE ENGLISH PR - MAY 2024

Encouraging Investment and Collaboration

The initiative aims to open new avenues for cooperation by fostering dialogue between
investors, facilitating knowledge exchange, stimulating capital flows, and expanding
partnerships both locally and globally. These goals align with Investopia's vision to encourage
investment in new economic sectors and connect local businesses with global counterparts.

The Minister of Economy also reviewed the incentives and growth prospects offered by the UAE
economy to the private sector, including startups. The UAE has developed a comprehensive
legislative system that fosters an ideal economic climate. This has helped consolidate its
position as a leading global economic hub.

UNCTAD Report Highlights UAE's Growth

According to a UNCTAD report, the UAE has seen the second-highest growth globally in new
foreign investment projects in 2023. Over 788,000 companies are currently operating in the
country. The meeting discussed various topics aimed at enhancing investment and business
growth for Next50 companies. These included formulating a new vision for their growth in local
and global markets and promoting communication between the business community and
economic bodies.

Dubai Economic Agenda D33

Hadi Badri reviewed the Dubai Economic Agenda D33 during the meeting. This agenda includes
100 projects with ambitious targets aimed at doubling Dubai's economy by 2033 and positioning
it among the top three economic cities globally.

Supporting Innovation and Transparency

The meeting also discussed mechanisms to leverage the UAE’s innovation landscape by
supporting scientific research activities and enhancing technology startups' competitiveness.
Efforts to facilitate business processes by eliminating unnecessary bureaucracy were also
highlighted. Other focus areas included fostering transparency within the business environment,
providing training programs for startups, attracting talent, and developing skills.
Accelerating Economic Growth

Through the Next50 initiative, Investopia and EMIR Research aim to accelerate UAE's
economic growth by selecting fast-growing companies to join the initiative. They will support
these companies' operations growth by providing communication channels with government and
private institutions, facilitating funding access through major investment funds and banks, and
strengthening their presence in local and international markets.
Third Edition Highlights

The third edition of Investopia was held in Abu Dhabi in 2024. It brought together a diverse
group of investors, government officials, and economists. With over 1,800 attendees and more
than 105 speakers, the summit provided a platform for partnerships within emerging economic
sectors. Discussions covered topics such as investment trends, risk capital management, green
economy, digital economy, creative industries, tourism, sports, technology, AI, and next-
generation investments.

https://www.onearabia.me/local/next50-meeting-formulate-new-vision-promote-growth-uae-
private-sector-companies-011-37421.html