ICD strategic partner for investment event
Dubai, April 3, 2013
The Investment Corporation of Dubai (ICD) has announced its strategic partnership with the Annual Investment Meeting for its third edition to be held in Dubai from April 30 to May 2.
The event will be held under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
Mohammed Ibrahim Al Shaibani, CEO of Investment Corporation of Dubai (ICD), the investment arm of the Dubai Government, said the growing momentum of the AIM on regional and international level stems from the outstanding position of Dubai as one of the most attractive destinations of foreign investments from around the globe.
The emirate offers a competitive and optimal environment that encourages foreign investment flows while the world faces notable financial and economic turmoil, he said.
Al Shaibani emphasised that the importance of the AIM, organised by the Ministry of Economy, lies in its objectives of strengthening trade relations and the consolidation of the international strategic investments towards economies witnessing higher growth.
Moreover, the event seeks to promote foreign direct investment and highlight opportunities for successful partnerships between the public and private sectors available in the 80 participating countries.
The types of investment opportunities that will be showcased during the event have a pivotal role in attracting capital and expertise that will stimulate growth and job creation in several emerging markets, a statement from ICD said. Such a prestigious gathering will help in securing finance for economic development in countries that offer stability and reliability for capital flows on the long run.
Dubai’s strength points give it clear advantages as a favorable centre for FDI for both the short and long terms, Al Shaibani said. The emirate’s ability to sustain strong flows of foreign investments, thanks to constant development; upgrading of its infrastructure and legislative frameworks, provide a favourable environment for foreign capital, stressing that Dubai will remain a strategic option for serious investors.
“ICD is aware of its responsibility as one of the key driving forces in developing our national economy. It strives to fulfill its obligations and seeks to exceed expectations. ICD targets the finest results in line with the vision and aspirations of our wise leadership to place our country among the world’s best. The ICD contributes to that ambition, building on its position as a model of excellence within the sectors we are active in,” Al Shaibani added.
ICD's portfolio is comprised of wholly and partly government-owned businesses. Its mandate is to generate a superior return on investment, in a way that will benefit the local and regional financial communities. This goal has been achieved through strategic investments in companies that have achieved global excellence and have defined the industrial, retail and financial landscape of Dubai. – TradeArabia News Service