Page 89 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

potential collaborations, expands investments in new economy sectors, and facilitates
local and global market growth.

Touq Al Marri emphasised the significance of introducing the “Next50” initiative as it
exemplifies Investopia’s dedication to supporting local companies and enhancing their
contribution to the country’s economic growth. The initiative falls under the “Investopia
Communities,” aiming to foster continuous communication between investors and
government officials. It aligns with Investopia’s objectives of facilitating connections
between companies and institutions and fostering cooperative partnerships between
leading investors and key economic stakeholders.

Touq Al Marri said: “We firmly believe that the private sector plays a pivotal role in
driving the growth of the national economy. Our mission at Investopia is to support
these leading companies and equip them with the necessary resources for success. We
aim to develop a knowledge-based and innovative economy by fostering collaboration
among various economic forces. We seek to empower the local business community to
compete and excel in global markets by introducing the Next50 initiative. We are
confident that this initiative will serve as a strong catalyst for these companies and
significantly contribute to enhancing the overall business environment in our country, in
line with our local objectives and global aspirations.”

The Next50 will offer more significant opportunities for engagement and collaboration
with government entities and easier access to capital by interacting and aligning with
crucial investment funds, banks, and family companies to facilitate potential investment
transactions. This initiative opens up broader horizons for entry into new international
markets, while enabling participation in external economic committee meetings, and
empowering these companies to kick start fresh economic ventures within emerging
sectors in the country.

“Through the Next50 initiative, EMIR will help accelerate the growth of the UAE
economy by supporting the Ministry and Investopia’s goals of identifying and
championing the country’s fastest-growing, most innovative companies.” On this note,
Dr Noah Raford, Managing Partner for Advisory at EMIR, stated that, “The UAE
continues to be the destination of choice for the region’s most exciting and productive
companies. Increasingly it is also the birthplace of those companies. The Next50
highlights the incredible innovation of this new generation of companies - companies
born in the UAE, grown in the UAE, and powered by the UAE, ready to take their next
step onto the world stage.” EMIR is a specialized centre in research in emerging
markets. It offers consultancy and research services backed by detailed analysis and
strategic recommendations to help governments and companies develop optimal
economic and investment policies. It facilitates this through its network of top executives
and experienced government officials.

Investopia comprises three key pillars: ‘Dialogues’, ‘Communities’, and ‘Marketplace’.
These pillars foster dialogue and communication within business communities in the
UAE and worldwide. They aim to promote the development of shared investment

https://www.gulftoday.ae/business/2024/04/01/next50-initiative-launched-to-support-uaes-
innovative-firms