Together with host INVEST SAUDI, the World Association of Investment Promotion Agencies (WAIPA) held its annual gathering in Riyadh November 25-27, 2024. The official theme was “Harnessing Digital Transformation and Sustainable Growth”. The conference took place at a critical juncture in foreign direct investment, according to WIC Chairman James Zhan. “The global economy is entering a new era with massive transformation, driven by the sustainability imperative, the technology revolution and geopolitical dynamics,” he said. “The whole situation in the world looks very gloomy … But we are sending a message to the world that global investment is on the trajectory of recovery, albeit fragile and modest. As the investment promotion community we should be positive and look for opportunities — and opportunities are plenty.” https://lnkd.in/esrs5HdC
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The #AIM (Annual Investment Meeting) Congress 2024, the premier global investment platform, is set to convene in #AbuDhabi from 7th to 9th May 2024, under the theme “Adapting to a Shifting Investment Landscape: Harnessing New Potential for Global Economic Development”. #TheFinancial #UAE
Abu Dhabi to host AIM 2024 on 7th May - The Financial
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Saudi Arabia’s Top 5 Industry-Wise Investment Projections for 2025 Saudi Arabia’s Vision 2030 continues to shape the nation’s economic trajectory, with significant industry-specific opportunities emerging for 2025. Here are the top 5 investment projections, showcasing the sectors driving growth and innovation:
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Few weeks ago during the launch of UNCTAD World Investment Report 2024, it was highlighted by Secretary General Rebecca Grynspan that investment facilitation is one of the tools that is very important for developing economies to attract investment. For ASEAN, This is not new. We have incorporated investment facilitation on our regional FDI policy work including the most recent effort namely ASEAN Investment Facilitation Framework where we have 10 measures on what constitutes as ideal investment facilitation. Most AMS have adopted at least a simple version of these 10, except for some newer member countries that is still developing. With the recent trend in global FDI, be it the stagnant GDP growth, the global interest rate hike, geopolitical tension, that affects all aspects of FDI, it makes sense that we developing countries need to step up efforts in facilitation. With the recently concluded WTO Investment Facilitation Development Agreement (IFDA), there are even more homeworks for ASEAN. What more could be done to improve quality of services including the one stop services, digital information portals, to FDI investors? How to open new market access including to smaller investment? How to create better coordination mechanism between government and the private sector whenever there is new regulation possibly impacting FDI heavily? How to improve governance? How to impose sustainability criteria in FDI approval? We just published an article in investasean website on recent investment facilitation in ASEAN. We will also conduct in the future survey on investor feedbacks on investment facilitation efforts. Link: https://lnkd.in/g8MygU32
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Tashkent Set to Host 3rd International Investment Forum: A Gateway to Economic Opportunities Tashkent is gearing up to host a significant business event - the III Tashkent International Investment Forum (TIIF), scheduled for May 2-3, 2024. Initiated by the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, the forum has become an annual platform for attracting foreign investors, expanding business connections, and implementing new projects in the country. This year, TIIF expects a record number of participants - nearly 2,500 delegates from 93 countries around the world, including government leaders, heads of major companies, and representatives of influential international organizations such as the UN, EBRD, OPEC, and SCO. The forum will provide a unique opportunity to establish business contacts in promising sectors such as digital transformation, development of transport and logistics routes, infrastructure, and the "green economy", among others. With over 40 events, including sectional meetings, roundtables, and presentations, attendees will have the chance to delve into Uzbekistan's investment potential. The highlight of the forum will be the solemn ceremony launching a series of major projects with the participation of foreign partners. Additionally, the TIIF will host the second plenary session of the Foreign Investors Council under the President of the Republic of Uzbekistan.
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AIM Congress 2024: Driving Global Investment with Awards & IPA Study Abu Dhabi, UAE – (ARAB NEWSWIRE) — In a landscape marked by economic flux and environmental concerns, the AIM Congress 2024 stands as a beacon of collaboration and insight, poised to drive global investment prospects under the theme, “Adapting to a Shifting Investment Landscape: Harnessing New Potential for Global Economic Development.” Scheduled from May 7-9 in Abu Dhabi, this three-day conference will host a dynamic investment track aimed at exploring and charting the course for economic resilience and growth through Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI). #AbuDhabi #UAE #AIMCongress2024 #Investments #GCC #FDI #FPI #pressrelease #pressrelations #Finance #DirectInvestment #IPAStudy #Awards
AIM Congress 2024: Driving Global Investment with Awards & IPA Study
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Sisi, von der Leyen to open Egypt-EU Investment Conference in Cairo on 29-30 June The Egypt-EU Investment Conference will take place at Al Manara International Conference Center in Cairo on June 29-30, aiming to explore collaboration opportunities between the two sides. President Abdel Fattah El-Sisi and Ursula von der Leyen, President of the European Commission, will open the premier event. Themed "Unlocking Egypt's Advantages in a Fast-Changing World," the conference will delve into Egypt's economic potential, including its business climate and investment prospects. Various topics of cooperation, such as the green economy, renewable energy, and circular economy, will be addressed. Government officials from Egypt and the EU, industry experts, and influential business leaders will convene at the conference to unlock investment opportunities. #egypt #eu #investment #expo Read more: https://lnkd.in/dA3BmjXz
Sisi, von der Leyen to open Egypt-EU Investment Conference in Cairo on 29-30 June
egypttoday.com
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Investment Facilitation for Development (IFD) One of the significant developments at the 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) in Abu Dhabi was the non-adoption of the agreement on Investment Facilitation for Development (IFD). About Investment Facilitation for Development: It is a joint Initiative launched at the 11th WTO Ministerial Conference (MC11) in December 2017 on a plurilateral basis by 70 countries. This was done through a process known as the Joint Statement Initiative. Aim: This agreement aims to create legally binding provisions to facilitate investment flows. It also aims to develop predictable, transparent and open investment rules that will contribute to more efficient investment flows and increased business confidence and it is now in a formal negotiation phase. Objective: A core objective of the framework is to facilitate greater participation by developing and least-developed WTO Members in global investment flows. The IFD agreement was finalised in November 2023 and at present around 120 of 166 WTO member countries (more than 70% of the membership) back this agreement. Key areas included in the IFD Agreement to promote and facilitate investment Improving regulatory transparency and predictability: such as publishing investment-related measures and establishing enquiry points; Streamlining and speeding up administrative procedures: such as removing duplicative steps in approval processes and simplifying applications; Enhancing international cooperation and addressing the needs of developing members – such as providing technical assistance and capacity-building for developing countries and least developed countries; and India is not a part of this initiative.
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THE SPECIAL ENVOY FOR TRADE AND INVESTMENT, MR. ALPHA K.M. LAVALIE, ATTENDS THE 28TH WORLD INVESTMENT CONFERENCE IN RIYADH, SAUDI ARABIA By Ambassador James Baimba Riyadh, Saudi Arabia – The Special Envoy for Trade and Investment, Mr. Alpha K.M. Lavalie, along with his team, represented Sierra Leone at the 28th World Investment Conference (WIC), hosted in Riyadh, Saudi Arabia. The conference brought together global leaders, policymakers, and business executives to discuss critical trends and opportunities in trade and investment, with a focus on sustainable growth and technological innovation. Day One Highlights The conference began with an impactful opening ceremony presided over by H.E. Khalid A. Al-Falih, Minister of Investment, Kingdom of Saudi Arabia; Nivruti Rai, Managing Director and CEO of Invest India and President of WAIPA; and Dr. James Zhan, Chair of the WAIPA Executive Board. Key discussions on the first day revolved around the following points: Saudi Vision 2030: Progressing towards green energy and technological advancements. Islamic Development Bank's Impact: Supporting development through loans to countries like Turkey and Indonesia. Global Maritime Leadership: Greece holds 23% of the world's maritime fleets, with efforts towards a "Green Greece." Globalization and Growth: Emphasizing trade and investment as drivers of economic growth and addressing inequality in policymaking. Foreign Direct Investment (FDI): Low-income countries represent one-third of global FDI inflows. Digitization and AI: Preparing policies to address AI's impact on labor markets and future work dynamics. Small Businesses and Enterprises: Recognized as the future of economic resilience. Sustainable Development: Discussions on leveraging funds for climate-focused initiatives and promoting circular, green, and blue economies. Renewable Energy Transition: Advancements in solar, wind energy, and electric vehicles as part of the green energy agenda. Orange Economy: Focus on industries like AI, fashion, tourism, and food, set to drive 80% of global GDP by 2025. Special Envoy’s Engagements Mr. Lavalie engaged in several productive meetings aimed at fostering trade and investment opportunities for Sierra Leone: 1. Meeting with Mr. Hussain Ahmed: Discussed expanding his existing business operations from Guinea to Sierra Leone. 2. Engagement with Mr. Sultan Al Mansour: Explored a proposal for establishing an electric motorbike business in Sierra Leone. Mr. Lavalie welcomed this environmentally friendly initiative and requested a detailed business proposal to move the collaboration forward. Commitment to Sierra Leone's Growth During the conference, Mr. Lavalie emphasized that Sierra Leone is open for business and committed to creating a conducive environment for investors. "Our office is dedicated to facilitating trade and investment opportunities for partners exploring Sierra Leone's abundant potential," he assured.
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The Public Investment Fund, Saudi Arabia’s sovereign wealth fund – one of the world’s largest – has assets around $925 billion. Last week, a summit was held in Riyadh to woo foreign investors, by offering lofty promises of economic growth, lucrative investments and technological breakthroughs. While Saudi Arabia, had been in a unique position to become an investment powerhouse for the world, it is trying to encourage bankers to pay for its vast $1.5 trillion project, featuring a futuristic desert city, Neom. Its construction could require 20% of the world’s steel market. Saudi Arabia is also developing 13 other large construction schemes, worth trillions of dollars. These “giga projects” include an entertainment city on the outskirts of Riyadh, multiple luxury island resorts on the Red Sea, and a cluster of other tourist and cultural destinations. Low oil prices had dealt a blow to government revenues, forcing Riyadh to reassess these projects, and explore new funding strategies. In recent years, Saudi Arabia has won the hosting rights for several major international events, such as the football Asian Cup in 2027, Asian Winter Games in 2029, and the World Expo 2030. It has also emerged as the sole bidder for the 2034 FIFA Men’s World Cup. All these projects will require massive investments in the years to come.
As regional violence rages, Saudi Arabia pitches itself as investment hub
washingtonpost.com
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🚀 Exploring Cambodia's Investment Landscape with PhillipBank Cambodia's Director Mr. Teong Hoon Ong. 🚀 Diving into Cambodia's financial sector reveals a goldmine of opportunities for investors, especially from Singapore. Here are the 5 main takeaways from the latest investment seminar organized by Aquarii BD Cambodia: 1️⃣ 🌱 Growth Journey of PhillipBank Cambodia: Starting with just $100,000 in 2009, Phillip Bank's stake in Cambodia has blossomed to an impressive $170-$180 million 💰, illustrating the fertile ground Cambodia offers for investment. 2️⃣ 🔒 Stepping Up Financial Governance: With enhanced KYC and anti-money laundering practices, Cambodia's exit from the FATF grey list in February 2024 🌟 signifies a safer, more trustworthy environment for investors. 3️⃣ 💹 Digital Transaction Boom: The leap to over $492 billion in digital transactions in 2023 💥 underscores Cambodia's rapid adoption of digital financial services, making it a leader in financial technology and inclusion. 4️⃣ 🔗 Cross-Border Convenience: The introduction of the Bakong system 🌍 facilitates seamless cross-border transactions, heralding a new era of international trade and investment connectivity. 5️⃣ 🛡️ Trust and Security: The new trust laws and licensing of entities like Phillip Trustee (Cambodia) 📜 ensure a secure and efficient framework for investments, enhancing Cambodia's appeal to foreign investors.
Phillip Bank Spotlights Cambodia’s Investment Potential at “Cambodia: An Overlooked Destination for Business and Investment” Hosted at the Marina Bay Sands Expo and Convention Centre in Singapore
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