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The 3rd Abu Dhabi Investment Forum in London opens at ExCel 

Thursday, October 21, 2010
The 3nd Annual Abu Dhabi Investment Forum in London, organized by the Abu Dhabi Department of Economic Development and Institutional Investor Conferences and will take place on 20 October at Excel London. The Forum will highlight the unique challenges and opportunities facing Abu Dhabi’s economy in the year ahead. The economic vision and accelerated diversification in the non-oil sectors have made the emirate one of the world’s most dynamic economies, emerging from the crisis with an important role to play. H.E. Nasser Alsowaidi, Chairman of the Department of Economic Development said: “The UK is a key partner for Abu Dhabi’s economic development. This year, we are hosting the forum in association with Masdar, organizer of the European Future Energy Forum, and UK Trade and Investment, a key partner of the DED in the development of trade and investment between the UK and the emirate.” ”We will examine how the emirate faces the current global challenges, and embrace change as many opportunities for Abu Dhabi’s development and international integration.” UK Minister for the Middle East Alistair Burt said: “The UK and UAE Governments have committed to increasing bilateral trade to £12 billion in the next five years. This Forum, which brings together business and Government, will take us a step closer to achieving our ambitious targets. “Abu Dhabi and the UK have always been strong trading partners but there are areas for further cooperation particularly as Abu Dhabi moves towards its 2030 Vision. The UK also welcomes investment from Abu Dhabi. Whether in infrastructure, banking or sport, the UK aims to be the destination of choice for Abu Dhabi investment.” HE Mohamed Hasan Al Qemzi, CEO, ZonesCorp, said: “Our participation in the Abu Dhabi Investment Forum for the third time respectively, in collaboration with Abu Dhabi Department of Economic Development, aims to highlight the outstanding growth of the industrial sector in Abu Dhabi in line with its Economic Vision 2030 that focuses on relying on non-oil resources to raise the Emirate’s GDP.” Commenting on the Corporation’s contribution in enhancing industrial sector in Abu Dhabi, Al Qemzi said: “Since its inception in 2004, ZonesCorp has played a key role in establishing and managing specialized economic zones within Abu Dhabi Emirate. Our major responsibilities include providing the right business set-up that promotes industrial investment and facilitates the flow of foreign investments, meeting the requirements of foreign industrial investors including the availability of an advanced industrial legislative framework, ensuring that we have world class infrastructure to establish various industrial projects and providing value added services to our investors.”     Commenting on the prospects of Abu Dhabi, Jeremy Parrish, Chief Executive Officer, UAE, Standard Chartered said: “Abu Dhabi is a core market for Standard Chartered and it is regarded as one of the most promising markets in the region. Throughout the crisis, Standard Chartered stood by its clients in Abu Dhabi demonstrating its commitment to the Emirate and the Country. We are confident of prospects for the UAE in general which is well positioned for faster recovery from the implications of the financial crisis, lead by the economic strength of the capital. As lead sponsors, we are really glad to extend our support to this forum which reinforces the position of the Emirate as a world-class investment destination.” Ala'a Eraiqat, Chief Executive Officer of ADCB, who is participating in the Banking and Finance panel at the conference on 20th October, commented: “Our sponsorship of the Abu Dhabi Investment Forum reflects the commitment we have to growing the attractiveness of our great Emirate to top level policy makers from across the globe. The Forum provides an opportunity for all Abu Dhabi companies to showcase the extensive trade and investment opportunities the Emirate has to offer, highlighting how Abu Dhabi, and the region, can maintain growth over the coming years.“The banking sector has played a pivotol role in bolstering the economic development of the UAE, helping to increase the investment opportunities that Abu Dhabi is making available to the global investment community. It is vital we are able to demonstrate this on an international level. We are very proud to be associated with the Abu Dhabi Investment Forum.  This forum offers a great opportunity to understand the strategic and economic developments shaping the future of the emirate of Abu Dhabi, and network with senior representatives of leading Abu Dhabi-based public and private sector entities, said Orhan Osmansoy, Chief Executive Officer of The National Investor. Through a large range of panel discussions, presentations, interviews and parallel sponsor-hosted workshops, participants will gain a unique insight into the emirates plans as well as the rewards of investing in Abu Dhabi. Industry leaders, policy makers, government representatives and key decision makers from both the public and private sector will speak on the latest developments and the future engines of growth: innovation, high-tech activities, industry, infrastructure and finance. Workshop Sessions led by investment advisors and global financiers will discuss the outlook for equity and debt capital markets in the region and beyond. The Forum will build on the success of last year’s event, which saw more than 450 participants, offer a good outlook to the emirates strategy and allow high-level networking.  It is by invitation only and will be open to the media.
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