The tenth Dubai’s Annual Investment Meeting (AIM) will be held in March to initiate various things beyond the FDI (Foreign Direct Investment). The meeting will cover small and medium enterprises, startups, future cities, and foreign portfolio investment.
The meeting will be taken place from March 24 to 26, 2020, with the theme of “Investing for the Future: Shaping the Global Investment Strategies.” Many economic experts, entrepreneurs, investors, government leaders, and many more will take part in this meeting.
The UAE Ministry of Economy’s Undersecretary of Foreign Trade Affairs, Abdullah Al Saleh, said that attractive investments would not connect its spillovers to the local economy. It helps in the overall growth and provides long-lasting benefits to entertain countries across the world. It will help in delivering advantages in creating jobs, increasing the skill base, technology transfer, and enhance competitiveness.
Around 16,000 visitors attended the event of 2019 from more than 140 countries, 150 FDI specialists and economic experts, 60 dignitaries, and over 400 exhibitors.
According to the policymakers, government officials, and bankers, this year, the technology will be the primary aspect for FDI. The protectionism and trade tensions have curbed the flow of FDI globally.
According to Unctad’s World Investment Report 2019, the flow of global FDI is declined by 13% from $1.5 trillion in 2017 to $1.3 trillion in 2018.
Al Saleh said that there would be a significant impact of new pillars, and AIM will achieve bigger economic prosperity and improve the imperfections of the domestic economy.
In the field of SME, AIM will put effort into reducing the credit gap by offering a platform for providing products and services to the investors. According to the International Finance Corporation, there are 65 million SMEs in developing countries that are fighting to fulfill money need of $5.2 trillion every year.
Foreign Portfolio Investments will be providing gainful capital due to the increase in the global population of individuals with an extremely high net worth of $30 million. According to the 2019 Knight Frank’s Wealth Report, the community with the high net worth will be increased by 22% at the end of 2023.
AIM organized a startup competition in partnership with the conference. But it will take a higher position due to expanded network opportunities as well as mentoring sessions. The startups will be engaged in the national pitch competitions in 80 countries before the top winners presented in Dubai to compete for cash awards of Dh50,000.
