UAE’s ‘Projects of the 50’ initiative to help attract FDI worth USD 150 billion over next 10 years says Annual Investment Meeting 2022

Series of developmental projects aim to establish UAE as ideal destination for talent and investors to be highlighted at the three day global event.

Dubai, UAE, 14 March 2022: The UAE government’s ‘Projects of the 50’ initiative, a series of developmental and economic undertakings, is expected to play a key role in the UAE’s efforts to achieve economic prosperity–attracting over USD 150 billion worth of Foreign Direct Investment (FDI) in the next ten years. The program has been designed to accelerate the UAE’s development and reinforce its position as a highly preferred destination for talents and investors. Looking to create more awareness about this important government undertaking, the 2022 edition of the Annual Investment Meeting (AIM), which will be held from March 29 to March 31, 2022 at the Dubai Exhibition Centre, EXPO 2020 Dubai, will throw the spotlight on the initiative that will bring in new capital to the country and also consolidate its leading position as an ideal hub for global investments.

According to the event’s organizers, the ‘Projects of the 50’ initiative includes a diverse mix of programs that AIM will rally in key support for them through a series of workshops and networking-focused activities.

Dawood Al Shezawi, President of the Annual Investment Meeting Organizing Committee said, “This new program that the UAE government has launched, will cover important sectors that include economy, entrepreneurship, advanced skills, digital economy, space, and advanced technologies. The key objective is to reinforce the UAE’s position as a global player across various industry verticals and increase our competitiveness across key sectors on the global level. AIM 2022 will help give a better understanding of this unique initiative among a diversity of stakeholders from the government and private sectors.”

The ‘Projects of the 50’ is a series of developmental and economic projects that aim to accelerate the UAE’s development and transform it into a comprehensive hub in all sectors and establish its status as an ideal destination for talents and investors. ‘Projects of the 50’ covers several key sectors such as: economy, entrepreneurship, advanced skills, digital economy, space and advanced technologies.

AIM 2022, which is being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, will be offering a series of workshops, lectures, and networking events heavily focused on bolstering and improving sustainable investments.

Events to be held at the global meeting to include a series of AIM workshops and seminars, AIM 2022 Exhibition, Startup Hackathon, Startup Live Pitching Sessions, Site High-level Networking Gala Dinner, AIM Global 2022 Investment Awards, AIM 2022 Startup Pitch Competition, and AIM 2022 Future City Awards along various other relevant programmes and activities.

The UAE works in conjunction with the private sector to enhance foreign direct investments (FDI) which stand as a testimony to the diversity and readiness of the country’s economy and its ability to keep pace with regional and global development. In addition, the government plans set a road map for the prosperous future with new opportunities for investment in the infrastructure, services and knowledge sectors.

Al Shezawi further pointed out that aside from the support for the ‘Projects of the 50’ initiative, this year’s show will also feature five other pillars–Foreign Direct Investment (FDI); SMEs; Foreign Portfolio Investments (FPI); Startups; and Future Cities. These pillars are expected to help achieve a six-pronged goal–enable the entry of key business opportunities from different parts of the globe; empower SMEs and give due recognition to their contributions to the global economy; encourage investors to diversify their portfolio, establish new contacts and get a better understanding of local investment flows; assist investors in acquiring venture capital and seed funding; encourage governments and investors to rally their support for innovation-based, smart city solutions and driving in more support and assistance for the ‘Projects of the 50’ program.

AIM 2022 will provide key insights on how the government and other stakeholders stimulate and facilitate the flow of investments between countries and establish investment partnerships in vital sectors. The competitiveness of any country depends on the capacity of government and other important stakeholders to innovate and upgrade. As such it is important for the public and private sector to work jointly in accordance with clear frameworks for mutual benefit and growth.