in Abu Dhabi Sparks Conversation on Investment, with Focus on Asia and Europe

The 2024 AIM Congress, held at the Abu Dhabi National Exhibition Centre (ADNEC) from May 7 to May 9 saw a huge convergence of industry leaders, policymakers, and visionaries. The he Congress sessions were held under the Investment Track, Regional Focus Forum Track, and Investment Destination Track, fostering dialogue, collaboration, and innovative solutions to global challenges.

Investment Track

The “Leader’s Panel: Geopolitical Tensions 2024: New Challenges and New FDI Destinations” session brought together speakers who discussed the landscape of Foreign Direct Investment (FDI). Participants underscored the significance of attracting new FDI to diverse global destinations amidst intensifying competition. Ms Biviana Riveiro Disla, Executive Director of the Export and Investment Center of the Dominican Republic, highlighted her country’s streamlined investment process and strategic focus on sectors like AI and technology.

Mr Daniel Silverman, Vice President of FDI in Quebec, addressed challenges facing FDI in the region, particularly in energy privatization, emphasizing the competitive dynamics with neighboring markets. Ms Ibtisam Al Farooji, Undersecretary of the Ministry of Commerce Industry and Investment Promotion in Oman, emphasized the Sultanate’s commitment to attracting investment, leveraging its strategic location and natural resources to emerge as a leading global destination. Mr Raymond Siva, Head of Digital Investment at Malaysia Digital Economy Corporation, emphasized the importance of digital talent and infrastructure in fostering investment safety and growth in Malaysia.

During the ‘Fireside Chat’ on FDIs in UAE, Mr Massimo Falcioni, Chief Competitiveness Officer of Abu Dhabi Investment Office (ADIO), highlighted the UAE’s innovative approach to challenges, transforming them into opportunities to attract Foreign Direct Investments (FDIs). He underscored the UAE’s standing as a premier destination for foreign investors seeking a stable environment and a thriving economy, attributing this to the clear growth and diversification strategy set by the UAE’s president, coupled with efforts in trade agreements and infrastructure development. He emphasized the importance of infrastructure, local demand, and export opportunities, alongside geopolitical stability, as key factors in attracting FDIs. He also stressed the significance of talent, entrepreneurship, and education as a formula for success in the country.

AIM Startup and Unicorns Track : Insights and Innovation Take Center Stage at 2024 AIM Congress

The 2024 AIM Congress, held at ADNEC in Abu Dhabi from May 7 to May 9, showcased a dynamic exchange of visionary ideas and strategic insights during the AIM Startup and Unicorns Track sessions. These sessions, featuring esteemed moderators and panelists, unveiled groundbreaking perspectives and transformative opportunities across various industries.

Middle East Unicorns Conclave: Unicorns and Mobility Industry Moderated by Mohamed Nagaty, the session illuminated the evolving landscape of unicorns and the mobility industry, with Mohamed Ezzat of Tech Logistics (Bosta), Salman bin Mohammed Al Suhaibaney of Morni, Maan Khalid Eshagi of Professional Wealth Management Venture Capital, and Faisal Hilal, CEO of Ahlan, sharing their expertise.

“Becoming a champion in your own market is essential; smaller markets offer less competition and significant benefits. However, thorough financial analysis is imperative,” said Faisal Hilal, CEO of Ahlan.

Korea Unicorn Investment Conclave: The Relationship Between Big Tech Cities and the Emergence of New Unicorns Under the moderation of Rachel Cho, the session explored the vibrant investment landscape in Korea, featuring insights from Dr. Kiho Park of LB Investment, Dr. Kim of Invest Korea, Kyungsoo Noh of Seadronix, and Jinkyung Kim of Big Value.

“Founders are the most critical factor in the success of ventures. Strategic partnerships and a long-term vision are essential for sustainable growth,” said Kiho Park, CEO of LB Investment.


Dubai Summer Surprises (DSS) 2024 is bringing together the very best that the city has to offer for its biggest and most exciting edition yet, promising a summer well spent for residents and visitors with thousands of things to do, see, experience, and explore. The 27th edition of the highly anticipated DSS, organised by Dubai Festivals and Retail Establishment (DFRE), will make summer the best time to be in the emirate from 28 June – 1 September 2024, bringing 65 days of non-stop fun, incredible events, astounding shopping, thrilling prizes, diverse gastronomy, and unbeatable hotel and attraction offers.

  • The ultimate programme of non-stop summer fun is back for its biggest edition yet, with a jampacked calendar of new and exciting experiences for everyone
  • With thousands of things to do, see, experience, and explore across the city, there are more ways than ever for a summer well spent in Dubai
  • Residents and visitors can unlock endless summer adventures with incredible daily surprises, unmissable raffles, exclusive retail promotions, diverse culinary delights, as well as free access for kids across leading hotels and iconic attractions

Unforgettable thrills and endless joy awaits everyone spending the season in the city – be it friends or families, couples or solo travellers, residents or visitors, seeking pocket-friendly value or thrilling adventures. New surprises will be unlocked every day, guaranteeing a funfilled summer with unmissable experiences across exceptional shopping malls, theme parks and attractions, as well as unbeatable hotel staycation promotions, star-powered performances and live entertainment, diverse culinary delights, an enchanting new season of Modesh World celebrating the beloved attraction’s 25th anniversary, and so much more. As always, the city’s favourite summer festival will also bring countless opportunities for shoppers to win grand prizes in spectacular raffles and competitions.

Kicking off DSS 2024 with a bang, the opening weekend will feature must-see concerts at Coca Cola Arena by legendary performers Georges Wassouf and Al Shami on 28 June, followed by three of the biggest names in rap – Xzibit, D12 and Obie Trice on 29 June, and Ethiopia’s biggest pop star, Teddy Afro on 30 June.

Returning for its third year, the Beat the Heat concert series will feature an epic line up of rising young Arab musicians, as well as fun game zones and dining experiences. Visitors can look out for talented performances from the likes of Siilawy, Marwan Moussa, Soulja, Abo El Anwar and Big Sam. The complete lineup, ticket sales, and other exciting announcements will be revealed soon.

Promising a summer of big savings, DSS sales will bring the best bargains at top brands across the city. Shoppers can grab hot deals, limited-time offers, and incredible prices throughout the summer on all their favourite lifestyle, fashion, beauty, and electronics brands.

With DSS, there truly is no shortage of fun, excitement, entertainment, and big savings to be found across the city. The full calendar of events will be unveiled soon, showcasing a comprehensive guide on how to make the most of summer in Dubai. Dubai Summer Surprises 2024 is supported by key sponsors Al Futtaim (Dubai Festival City Mall and Dubai Festival Plaza), Majid Al Futtaim (City Centre Deira, City Centre Mirdif, and Mall of Emirates), Dubai Holding Asset Management (Al Seef, Bluewaters, City Walk, The Beach, and The Outlet Village), Mercato Shopping Mall, Merex Investment, Nakheel (Ibn Battuta, Nakheel Mall, and The View at The Palm); as well as AW Rostamani, Emirates Airlines, ENOC, e&, and talabat.

For more information, visit @ CelebrateDubai on social media and the Dubai Summer Surprises website. About Dubai Summer Surprises 2024: Dubai Summer Surprises (DSS) returns for its 27th edition this year, running from 28 June to 1 September 2024. The annual festival brings 65 days of nonstop adventure with thousands of offers and fun things to do across the city, showcasing the summer as one of the best times of the year to explore Dubai. Residents and visitors can discover worldclass shopping, incredible offers at iconic hotels and attractions, non-stop entertainment and epic concerts, diverse dining, as well as new and exciting activities for all ages and preferences. With endless offers and experiences to enjoy with friends and family throughout the summer, DSS 2024 promises something for everyone.

China Unicorns: Electric Vehicles and Energy Transformation

Moderated by Aly Ramji, the session delved into the transformative potential of electric vehicles and energy in China, with insights from Sean He, Founder of Silicon Harbor. “As investors, we must prioritize sustainability in our decisions. China’s commitment to environmental concerns underscores the importance of adopting technologies that reduce pollution and promote sustainability,” Sean He, Founder of Silicon Harbor.

These sessions epitomize the AIM Congress’s commitment to fostering innovation and collaboration on a global scale, empowering attendees with actionable strategies to navigate an ever-evolving business landscape. AIM Congress 2024 is hosting more than 150 high-level dignitaries, with 900+ speakers and over 12,000 participants from 175 countries around the world participating. AIM Congress has also organized 27 joint events in cooperation with over 330+ local, international, and global partners.

BRICS+ Business Forum at AIM Congress 2024: Key Players Discuss Reshaping Global Economic Landscape

The BRICS+ Business Forum, a pivotal session of the 2024 AIM Congress, convened at ADNEC in Abu Dhabi, featuring prominent leaders and experts from the BRICS nations and beyond. Chaired by Aleksandra Burman, the session provided a platform to deliberate on crucial topics concerning global economic dynamics and trade relations among BRICS member states and their partners.

The session commenced with Dawood Al Shezawi, President of the AIM Global Foundation, emphasizing the significance of AIM Congress in fostering international cooperation and formulating investment strategies. With the event witnessing a remarkable increase in participation, Al Shezawi highlighted the importance of stronger international relationships in attracting Foreign Direct Investment (FDI) and fostering economic growth.

puty Prime Minister of the Republic of Tatarstan, outlined the region’s sustainable growth strategy, focusing on diverse sectors including oil, agriculture, IT, and tourism. Shaykhutdinov emphasized Tatarstan’s status as a burgeoning hub for startups and underscored the importance of forums like AIM Congress in facilitating partnerships.

Sergey Katyrin, Chairman of the BRICS Business Council, Russian Federation, emphasized the opportunities arising from increased trade and cooperation among BRICS countries. He noted the potential for healthy competition in attracting investments, ultimately benefiting all member states. Sean He, Founding Partner of Silicon Harbour Capital Investment Company, China, emphasized the pivotal role of technology in shaping the global economy. He highlighted China’s leadership in the technology sector and its interest in fostering collaborations with the MENA region.

Mikhail Makarov, Director of the International Relations Office at the Agency for Strategic Initiatives, Russia, shed light on Russia’s endeavors to promote technological projects globally. Makarov extended an invitation to BRICS+ countries to participate in a foresight forum in Dubai in 2025, showcasing Russia’s commitment to fostering international cooperation.

Russel Curtis, CEO of Invest Durban, South Africa, elaborated on Durban’s growing significance in the BRICS landscape, citing the city’s strategic port location and burgeoning FDI inflows. Curtis emphasized the importance of aligning policy frameworks to attract investments and achieve sustainable development goals.

UG Sujatha, Vice President of Global Partnerships at Invest India, highlighted India’s remarkable economic growth and its vibrant startup ecosystem. She stressed the potential for BRICS countries to collaborate and create a dynamic ecosystem conducive to mutual growth.

Dra Leteia Pricila Gomes, President of Invest Brazil Institute for investment and international cooperation, underscored Brazil’s commitment to improving investment laws and fostering innovation. She highlighted the need for educational and developmental initiatives to further enhance Brazil’s attractiveness to investors. The BRICS+ Business Forum at AIM Congress 2024 served as a platform for fruitful discussions, fostering collaboration and innovation to drive sustainable economic growth globally.

AIM Congress 2024 is hosting more than 150 high-level dignitaries, with 900+ speakers and over 12,000 participants from 175 countries around the world participating. AIM Congress has also organized 27 joint events in cooperation with over 330+ local, international, and global partners.

The session titled “Unlocking the Power of Sustainable Investment” delved into current trends to spur economic growth and attract investors. Speakers Ms Aziza Shaat, Economic and Trade Advisor at the Dutch Embassy in Egypt, and Dr. Pallavi Kishore, Head of Accounting and Finance at Middlesex University Dubai, highlighted that countries with robust economies are magnets for FDI inflows. Dr. Kishore noted that despite the FDI decline in 2020 due to the Covid-19 pandemic, emerging markets in the MENA region, particularly the UAE, Saudi Arabia, and Qatar, continue to attract investments. Ms Shaat identified challenges such as the lack of ease of doing business and bureaucratic hurdles. However, participants expressed optimism about the future of FDI in the Middle East and Africa.

The session “Leveraging FDI for Climate Change Mitigation” addressed the importance of sustainable investments in developing countries. Speakers Ms Marianna Bulbuc, CEO of Bizzmosis Group; Mr Marwan Alichla, Head of Investment Promotion at Sharjah FDI office; Mr Paul Holthus, Founding President of World Ocean Council; and Mr Zakaria Farahat, Director of International Cooperation at the Ministry of Investment, Convergence, and Evaluation of Public Policy of Morocco, highlighted the role of FDI in supporting climate goals in developing countries.

Alichla discussed Sharjah’s strategy aligned with the UAE’s national agenda, emphasizing sustainability and advanced manufacturing. He noted Sharjah’s strategic location and its success in attracting FDI, resulting in job creation. Bulbuc praised the UAE’s model of collaboration between the public and private sectors in attracting FDIs.

Regional Focus Forum Track

The session titled “Korean International Economic Policy towards the Middle East,” presented by the Korean Institute for International Policy (KIEP). Mr Munsu Kang, a Fellow Doctor at KIEP, outlined the institute’s core objective of contributing to effective international economic policies for South Korea. KIEP has been instrumental in shaping and executing South Korea’s international economic strategies.

The discussion highlighted the significant impact of global trends such as escalating competition between the US and China, protectionism, digital transformation, and regional conflicts on shaping KIEP’s medium- and long-term trade policy directions. Amidst these trends, alliances among middle power countries in the Global South are gaining importance. The session also examined the composition of trade between Korea and the Middle East.

Looking towards future cooperation, the session emphasized energy transition as essential for the post-oil era, with hydrogen, carbon capture and storage (CS), and liquefied natural gas (LNG) supply chains emerging as key areas in the energy sector. The Korea-GCC Free Trade Agreement aims to open the service market, fostering economic diversification. Cooperation in digital payments, artificial intelligence (AI), robotics, smart factories, entertainment, and gaming sectors was also proposed as areas of focus.

Later, the session “Unlocking Asia’s Potential: Harmonizing Sustainability and Advancing Technology for Economic Development” featured an esteemed panel of speakers. Among these were Renuka Weerakone, Director General, Board of Investment of Sri Lanka; MsEvariste M. Cagatan, Executive Director, Advisor Embassy Investment Promotion, Philippine Board of Investments; Mr Wirat Tatsaringkansakul, Deputy Secretary General, Board of Investment Thailand; Mr V. Enkhbaatar, Director General Advisor, Embassy Investment and Trade Agency of Mongolia; and Mr Raymond Siva, Head of Digital Investment, Malaysia Digital Economy Corporation.

Jonathan Wong, Chief of Innovation, Enterprise, and Investment in the Trade and Investment and Innovation Division at United Nations ESCAP, emphasized the criticality of addressing the SDG investment gap and highlighted Asia-Pacific’s attractiveness for investment due to its resilient economies and abundant opportunities.

The panel discussed various topics including effective positioning of countries in Asia-Pacific as attractive destinations for sustainable development investments, compelling messaging for investors, challenges in attracting sustainable investments, fostering an enabling environment for sustainable FDI, and enhancing regional cooperation.

Ms Weerakone discussed Sri Lanka’s commitment to renewable energy generation and its focus on infrastructure development and gender equality. Ms Cagatan outlined the Philippines’ aspirations to become a hub for sustainable manufacturing in Southeast Asia, emphasizing renewable energy and critical mineral processing. Mr Tatsaringkansakul emphasized collaboration between the public and private sectors in Thailand to transition to renewable energy. Mr Enkhbaatar highlighted Mongolia’s rich natural resources and investor-friendly regulations. Mr Raymond Siva showcased Malaysia’s transition to a digital economy and its focus on talent accessibility and sustainability.

Another session titled “Empowering Europe’s Future: A Strategic Investment Drive for Growth and Competitiveness” unfolded under the European Regional Focus Forum. Ms Lucie Berger, Ambassador of the European Union to the UAE, emphasized the importance of leveraging crises to build resilience and competitiveness. Prof. Henrick Von Scheel and Leon Delvaux underscored the EU’s significant role as a global investment player and highlighted the immense opportunities for investment, with FDIs in the EU totaling $8 trillion.

The panel aimed to harness skills, expertise, and resources within Europe to foster crossborder opportunities and address economic challenges for a sustainable future. The focus was on policy initiatives, resilience building, and global collaboration. Other paneslists included: Alexis Rostand, Managing Director, Eiffel Investment Group, who stressed her Group’s focus on sustainable investment strategies and global expansion. Mr Jean-Mari Frentz, Executive Director, Luxembourg Trade and Investment Office, highlighted Luxembourg’s attractiveness for FDI and its leadership in green finance. Dr. Joseph Gerada, Regulator, The Family Business Office – Malta, discussed Malta’s support for family businesses and succession planning. Mr Luca Lazzaroli, Director General, Portfolio Management and Monitoring, European Investment Bank, outlined the Bank’s role in financing climate projects across regions. Mr Johannes Brunner, Commercial Counsellor, Austrian Embassy to the UAE. Mr Marios Tannousis, CEO, Invest in Cyprus, discussed the significant EUGCC trade relations, emphasized Cyprus’s focus on tech startups, R&D, and collaboration for economic development in the European market.

Investment Destination Track During the Oman Investment Destination Forum, a session titled “Country and Company Presentation” provided valuable insights into investment opportunities in Oman. Moderated by Omar Al Harthi, Senior Business Development Executive at Invest Oman, the session featured presentations from Invest Oman and Asyad Group.

Al Harthi highlighted Invest Oman’s pivotal role in Oman’s economic transformation across sectors like logistics, food security, tourism, mining, and manufacturing. The company is pioneering new sectors such as green cement production and boutique luxury tourism. Oman’s appealing laws and legislation, offering incentives like up to 100 percent foreign ownership and tax exemptions, make it an attractive destination for investors seeking sustainable ventures.

Mr Yasin Al Busaidi, Business Development Director at Asyad Group, discussed the group’s focus on enhancing trading activities through streamlined import and export processes. The group aims to become the leading hub in the logistics sector, leveraging Oman’s robust infrastructure, including ports and roads. The presentation highlighted the Hafeeth Rail Project, a significant initiative connecting Oman’s Sohar Port with the UAE rail network, fostering regional integration and economic growth.

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