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Digitial transformation key to attracting FDI into UAE

Digital and software are among some of the key industries that will attract 15 to 20 per cent increase in Foreign Direct Investments, FDI, into the UAE between the end of this year and 2020.

In addition, small and medium enterprises SMEs, education, healthcare and hi-tech, are other industries that will witness a similar rise in FDIs.

“Digital sectors may continue to attract more global investments as we continue to optimise what today’s digital era has to offer. At a time of rapid technological innovations, including automation, developed and advanced countries across the world are fast aligning their efforts towards these critical developments to remain globally competitive and to keep up with the changing nature of industries and business models,” Dawood Al Shezawi, CEO of the Annual Investment Meeting, AIM, Organising Committee.

In light of this, Al Shezawi said Industry 4.0, including Artificial Intelligence, AI, Robotics, Big Data, Blockchain and smart city solutions will be put under the spotlight at AIM 2019 so that participating global economies can discuss how to rethink their approaches and adjust their strategies accordingly. Sustainable economic practices, clean and renewable energy, SMEs, and start-ups will be the key areas of discussions in the event as well.

AIM, the world’s biggest FDI platform, carries the theme “Mapping the Future of FDI: Enriching World Economies through Digital Globalization,” this year.

“This year’s meeting is an opportunity for global leaders and decision-makers to tackle ways to boost FDI and look into best practices, legal frameworks, and investment-friendly policies that are critical to inclusive growth,” Al Shezawi said.

Apart from the main conference, the ninth edition will feature capacity-building workshops and country presentations, while a special zone called Investors’ Hub will be set up to allow global corporations across multiple sectors to meet with official government representatives and project developers. Another highlight will be the AIM Connect, an all-year-round consultancy service offered exclusively by the AIM Organising Committee.

AIM will bring together thousands of exhibitors and visitors to network, promote projects, and attract international investments. AIM 2018 had several country pavilions, with participating international organisations representing the key sectors of agribusiness, real estate and property, finance and banking, aviation, energy and mining, trade and industry, IT and telecommunication, manufacturing, and education.

AIM will launch an online World Investment Map that will feature information about investment destinations worldwide, target sectors and projects, and contact points to be available to all the participants. AIM 2019 event will take place from 8th to 10th April, 2019.

Source: WAM

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