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UAE International Investors Council Hosts First-Ever Annual Meeting in Dubai

Dubai, December 21, 2016 - The UAE International Investors Council (UAEIIC) recently performed its first-ever annual meeting under the patronage and presence of H.E. Eng. Sultan Bin Saeed Al Mansouri, UAE Minister of Economy and Chairman of the UAEIIC, and together with J.P. Morgan Bank. Held at the Four Seasons Hotel Dubai, the conference discussed the current chances and obstacles dealt with by Emirati enterprises and nationwide financial investments in the global markets.

The conference was gone to by H.E. Jamal Saif Al Jarwan, Secretary General of the UAEIIC, together with Dr. Luis Oganes, Global Head of Emerging Markets Research study at J.P. Morgan, and numerous distinguished economic authorities, businessmen, and Emirati investors.

H.E. Eng. Al Mansouri inaugurated the occasion with an opening speech emphasizing the nation's full commitment to the development of Emirati investments as part of its vision of developing a first-rate, affordable and varied economic situation driven by knowledge and innovation. He explained that financial investment is important to financial diversification, the UAE's global economic competitiveness, the transfer of knowledge, and the exchange of global know-how and innovation.

The Minister added that the nationwide economic situation has shown its capacity to successfully deal with different aspects and obstacles presently influencing the economy, noting that the UAE's GDP remained to expand at a rate of 3.8 percent in 2015. He highlighted the development of the legal and regulatory structures underpinning the UAE economic climate which he stated has played a crucial function in stimulating investments and boosting the country's ability to attract international financial investments into vital local industries.

He better mentioned that abroad Emirati financial investments have actually been growing extremely over the past couple of years, reaching around USD 9.3 billion in 2015 and cumulatively jumping to USD 87.4 billion, making the UAE the leading Arab foreign investor.

H.E. Eng. Al Mansouri continued that the UAEIIC gives an outstanding platform for developing abroad Emirati investments. He discussed that the Council contributes to facilitating communication and control with federal government authorities to safeguard assistance, protection, promotion and growth of the rate of interests and goals of member Emirati financiers abroad in service of the national economic climate. He further emphasized the company's role in conquering the difficulties faced by Emirati investment firm and providing a database for recognizing international financial investment chances in addition to sharing information and analyses for encouraging and boosting overseas Emirati investments.

The Minister invited Emirati enterprises purchasing the external markets to consider membership under the UAEIIC which uses an interactive platform for improving their competence and leveraging the international experiences of their peers. He added that the Council provides a specialized channel for connecting with government authorities on numerous difficulties and challenges dealt with by services abroad which permits the government to prolong the needed support and keep unified and symbiotic relations between the personal and public industries.

Before proceeding with any kind of financial investment project, H.E. Eng. Al Mansouri urged financiers to evaluate the economic efficiency indices of the potential markets and think about all regulations and policies referring to international investments to decrease problems and threats. He described that when it involves the combined duties of the general public and private sectors, as long as all details on overseas Emirati financial investments are given to the federal government, then the required support will always be given to deal with barriers facing Emirati enterprises worldwide, which he stated is exactly what the UAEIIC is devoted to offer.

H.E. stressed that the Council's annual conference is an excellent chance for highlighting the most effective strategies to reviewing financial movements that influence the circulation and development of international financial investment. He kept in mind that the conference identifies the global experience essential to take full advantage of the capacities of promising industries in various nations, along with the appropriate ways to take care of each market's investment climate.

For his part, Dr. Oganes spoke about the current economic circumstance and variables affecting the global financial investment market. He additionally emphasized the benefits delighted in by the UAE as one of one of the most stable economies and popular financial investment locations. He attributed the nation's success to the various economic motivations, legislations and laws that safeguard all financiers, whether locally based or from abroad.

Dr. Oganes additionally discussed investment possibilities within the global emerging markets and reviewed the nations organizing the investments of UAE firms as well as to what level they are influenced by political modifications. He clarified the most effective means Emirati capitalists could avoid obstacles to their success and their ability to sustain development, which participants were really thinking about.

The meeting also consisted of an interactive session on major experiences and lessons learned from UAE financial investments abroad. The session was participated in by H.E. Khalil Foulathi, Board Member of the Abu Dhabi Investment Authority, and H.E. Saleh Al Abdooli, Chief Executive Officer of Etisalat. It was regulated by Sjoerd Leenart, CEO of JP Morgan in the Middle East, Turkey and North Africa.

H.E. Foulathi spoke on the significance of the UAE International Investors Council in supporting the national economy via the building of strategic collaborations with numerous appropriate events inside and outside of the nation. He also discussed the duty of the Abu Dhabi Investment Authority in supporting UAE companies with its global experience as a sovereign mutual fund.

H.E. Foulathi even more encouraged UAE companies to inquire about their local partners in the countries they intend to purchase beforehand to avoid any kind of issues that could arise because of the unique nature of each market.

His Excellency Eng. Saleh Al Abdooli additionally spoke about Etisalat's experience in international markets, and the difficulties it had actually previously dealt with in its Indian operations, which offered important lessons and a wealth of experience in ways to deal with such challenges. Whilst not influencing on Etisalat's vision for making use of chances provided by the emerging markets and to preserve sustainable growth.

The facility of the UAE International Investors Council creates part of more comprehensive initiatives to progress economic diversity plans that enhance the growth and development of the UAE's private sector as well as produce a favourable atmosphere that sustains national firms spending abroad. The Council gives a vital web link between financiers curious about appealing possibilities readily available in countries with close ties to the UAE and governmental and semi-governmental entities to improve the investment procedure. It also serves as a column for making certain the security of UAE funding abroad with guidance, advice, and logistic support.

Three ministries - the Ministry of Economic situation, the Ministry of Foreign Matters and International Teamwork, and the Ministry of Financing - are members of the UAE International Investors Council. Various other constituents include the General Civil Aeronautics Authority and major semi-government and private investment companies (DP World, Etisalat, Etihad Airways, International Petroleum Investment firm (IPIC), Emaar Properties, Mubadala Development, Borouge, Sharaf Group, Al Fahim Group, Majid Al Futtaim, Dubai Investment firm, and Thani Financial investment Group.).

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