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Tangier Will Be City Of Honor At Annual Investment Meeting (AIM) 2014

H.E. Al Mansoori: Dubai Financial Market topped growth rates among global stock markets exceeding 106% during 2013

Dubai, UAE, 29 March 2014: The Organising Committee of the Annual Investment Meeting (AIM) 2014, which will be held from 8 to 10 April, at the Dubai International Convention and Exhibition Centre under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, announced that the Moroccan city “Tangier” will be named City of Honor at this year’s event.

H.E. Fouad Al Amari, Mayor of Tangier, will be one the speakers at AIM where wide number of senior officials and decision makers from both public and private investment sectors from over 120 countries have confirmed their participation..

UAE Ministry of Economy is closely supervising the preparations of 4^th AIM that will highlight various investment issues.

H.E. Sultan Bin Saeed Al Mansoori, UAE Minister of Economy, said: “We promise an exceptional AIM that will reflect the rapid economic progress made by the UAE, thanks to its economic and social stability and well-developed infrastructure. We have recorded dynamic achievements in diverse fields in spite of the difficult global economic scenario that has adversely affected most countries of the world.”

Al Mansoori said that the financial sector, which is a standard index of economic boom, has grown remarkably in the UAE, with the Dubai Financial Market taking the top spot in the list of global stock markets exceeding growth of 106% during 2013 and Abu Dhabi Stock Exchange registering growth of 63%. Al Mansoori said that this was clear evidence of the huge potential for investment for Emiratis, Arab and foreigners investors in UAE’s economic sector.

AIM will discuss different aspects of Foreign Direct Investment (FDI), a topic that tops the agenda this year through international participants and experts in economics and investment from all over the world.

Tangier, one of the key centers of commerce and industry in North Africa and an economic hub for companies and international banks, is located in the northern Morocco on the Mediterranean coast. It is the fifth largest city in Morocco in terms of population. The city serves as a meeting point between the Mediterranean Sea and the Atlantic Ocean on the one hand, and between the European continent and African countries on the other.

“The relentless efforts of teams at the ministry and the Organizing Committee of the 4^th AIM have resulted in a remarkable increase in the number of participants and the diversity of topics to be covered during the event, including both micro-and macroeconomic investments,” added Al Mansoori.

Mr. Dawood Al Shezawi, CEO, AIM’s Organizing Committee, said: “There has been an overwhelming response from participants, especially that this will be the first AIM to be held after the UAE won the bid for Expo 2020. Many countries are looking to open investment channels in the GCC. This will definitely increase the FDI in the local sector in Dubai, the UAE and the region in general.”

Al Shezawi added: “This edition will focus on FDI and exchange practices and international experience in various investment areas. AIM will also provide an opportunity for decision-makers to explore the prospects for the economies of emerging countries in light of the rapid changes taking place in the world. The event will open the doors wide for discussing prospects, challenges and opportunities for the investment sector in the region and across the world.”

The Annual Investment Meeting is the first of its kind in the Middle East region in terms of presenting investment opportunities under one roof and strengthens its role as a catalyst for investment in emerging markets and the fast-growing economies.