Page 202 - Ministry of Economy - December 2017

12/26/2017 Dubai seeks to attract FDI at investment meet | MENAFN.COM

Dubai seeks to attract FDI at investment

meet

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12/19/2017 5:06:34 PM

(MENAFN - Khaleej Times) The Annual Investment Meeting (AIM) will take place at the Dubai
World Trade Centre from April 9 to 11, 2018, with the participation of leaders, decision-makers

and high-level local, regional and international government officials.

The annual forum is one of the leading regional events on foreign direct investment (FDI) and is

organised by the UAE Ministry of Economy. It is expected to attract more than 20,000 investors
and visitors from developed and emerging markets this year and will adopt the theme

'Partnerships for inclusive growth and sustainable development.'

The AIM is a leading platform for strengthening the UAE's role as a distinctive investment

destination. In the World Bank's 'Ease of Doing Business for 2018' report, the UAE ranked 21
out of 190 countries in ease of doing business, up by five levels from 26th position in 2017.

Cumulative FDI to the UAE increased to $117.9 billion by the end of 2016 from around $109

billion by the end of 2015, at a growth rate of 8.2 per cent. The rise was supported by higher
investments in manufacturing and other heavy industries, according to recent reports.

Sultan bin Saeed Al Mansouri, Minister of Economy, said: "FDI is instrumental to achieving
sustainable economic growth. We are constantly adopting policies and structures that will

provide us with a suitable environment for attracting FDI and retaining its positive impact to
attain desired results."

Al Mansouri said it is important for countries to develop appropriate policies and frameworks for

taking the best advantage of inward FDI to support their development objectives.

According to the 2017 Global Investment Report published by the UN Council on Trade and
Development, the UAE was the 11th largest FDI recipient in Asia. Its main investors are from the

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