Abu Dhabi Investment Forum in London will kick off after tomorrow in the UK’s capital. The event, organized by Abu Dhabi Department of Economic Development (DED), will see the participation of 300 delegates representing officials of public and private sectors as well as decision-makers of financial and investment corporations from Abu Dhabi and London. The staging of Abu Dhabi Investment Forum in London highlights endeavors of DED and other entities to raise the profile of Abu Dhabi as an investment destination whilst striving to attract more foreign direct investments, expertise, state-of-the-art technologies of leading international companies to Abu Dhabi. This strategy is in line with Abu Dhabi Economic Vision 2030 that aims to build a more diversified, sustainable and knowledge-based economy.The Forum’s sessions will centre on Abu Dhabi’s experience in building a more competitive economy based on strong investing in vital sectors such as basic industries, energy, infrastructure, tourism and real estate by shedding lights on investment opportunities available in the Emirate and development plans and infrastructure projects being implemented Abu Dhabi-wide. HE Sultan Al Mansouri, the UAE’s Minister of Economy, and HE Nasser Ahmad Khalifa Al Suwaidi, DED’s Chairman, will speak. The Forum will see the participation of representatives of official entities and public and private corporations from Abu Dhabi such as Abu Dhabi Council for Economic Development, Higher Corporation for Specialized Economic Zones, Khalifa Industrial Zone Abu Dhabi (Kizad), Abu Dhabi Chamber of Commerce and Industry, Khalifa Fund for Enterprise Development, Abu Dhabi Securities Exchange, Mubadala Development- Aerospace, General Holding Company, National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, National Investor Company, and Etihad Airways. Those entities support DED’s efforts to promote Abu Dhabi’s economic and investment environment by showcasing strategic plans aimed to achieve comprehensive and sustainable development with an aim to raise the status of Abu Dhabi amongst top five governments in the world. His Excellency Sultan Bin Saeed Al Mansoori, UAE Minister of Economy, said “Abu Dhabi Investment Forum represents an ideal platform to enhance awareness about what Abu Dhabi is achieving in terms of economic development and the great role it is playing as an attractive business destination in the region, bringing in foreign direct investment from all over the world. Abu Dhabi provides a competitive business environment and possesses one of the best infrastructures in the world.” He Added “While the oil sector is considered the largest component of Abu Dhabi’s economy, it is gradually moving towards a sustainable knowledge based economy. The non-oil sector has grown by 7% last year contributing to 41% of the GDP of the emirate, rising from $27 billion in 2001 to $91 billion in 2011.” HE Sultan Al-Mansoori said “Abu Dhabi offers many economic and investment advantages ,as it owns stable and excellent relations with all members of the international community. Moreover, the emirate has sought to establish a competitive investment climate, supported by a solid administrative and legislative framework.”
HE Nasser Al Suwaidi Chairman of ADDED stressed that the staging of Abu Dhabi Investment Forum in its fourth edition builds upon the success of previous editions which were highly hailed by the UK, European and international corporations and proved successful in promoting Abu Dhabi as a very promising investment destination that offers unique and unrivalled investment opportunities within a highly competitive environment that attracts investors and investments and arm them with all success factors and to be key player in fueling economic and social development of Abu Dhabi.”Abu Dhabi Investment Forum London is staged by DED in cooperation with Institutional Investor and sponsored by a number of government entities and companies such as Khalifa Industrial Zone Abu Dhabi (Kizad), National Bank of Abu Dhabi, Standard Chartered, Higher Corporation for Specialized Economic Zones, Abu Dhabi Commercial Bank, General Holding Company, and National Investor Company. The event is also supported by UK Trade and Investment.
A report prepared by DED’s Study Directorate highlighted that the number of registered British brands in the UAE is 4762 and registered agencies are 779. The report shows that the core industries in which the UK companies operate are mainly in energy, electricity, desalination, gas production, hotels and tourism, advanced technologies, logistics’, IT, real estate, retail, telecommunications, as well as operation and development of industrial and economic zones.