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UAE is capable of establishing inclusive, sustainable, universal investment landscape: Ras Al Khaimah Ruler at 13th AIM Congress

UAE is capable of establishing inclusive, sustainable, universal investment landscape: Ras Al Khaimah Ruler at 13th AIM Congress
7 May 2024 20:12


H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, delivered the keynote address at the opening of the 13th edition of the AIM Congress on Tuesday in Abu Dhabi.

The opening ceremony saw the participation of Andry Rajoelina, President of the Republic of Madagascar; H.H. Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah; H.H. Sheikh Hamed bin Zayed Al Nahyan; Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence; Sheikh Khalid bin Saud Al Qasimi, Vice Chairman of Ras Al Khaimah’s Investment and Development Office; Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State; Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology; Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; and Ahmed Aboul Gheit, Secretary-General of the Arab League.

The Congress, held under the theme “Adapting to A Shifting Investment Landscape: Harnessing New Potentials for Global Economic Development”, runs for three days until May 9, 2024, at the Abu Dhabi National Exhibition Centre (ADNEC), with H.H. Sheikh Saud as Guest of Honour.

During the event’s opening keynote address, H.H. Sheikh Saud bin Saqr emphasised how the UAE’s investment journey has evolved and expanded over time, highlighting that the country has become a key source of FDI on a global scale. Sheikh Saud stated, “The UAE has always understood that development can, and should, be reciprocal. I am convinced that by joining forces, we can establish a new investment landscape, with growth that is inclusive, sustainable, and as far as possible, universal.”

H.H. Sheikh Saud bin Saqr also spoke of the UAE’s progress and how strong and inspiring leadership is pivotal to the nation’s success. His Highness said, “The UAE has demonstrated that when wisdom and a sense of duty meet vision and hard work, anything is possible. The commitment shown by President His Highness Sheikh Mohamed bin Zayed Al Nahyan to our people and our future inspires us all, and His Highness has shown that, with the right vision, and the right plan, dreams can come true.”

On the UAE’s economic development since its foundation, H.H. Sheikh Saud bin Saqr said that it would have remained a dream had it not been for continual and strenuous effort. “A dream is just a dream without hard work,” he said. “Without a vision and a plan, and without a good strategy, work without purpose may lead to chaos and a waste of a country’s resources. When it comes to delivering outcomes, wisdom and a sense of duty are the differentiators.”

The Ruler of Ras Al Khaimah went on to detail how the UAE has achieved such levels of investment and economic and social development. His Highness stated, “Firstly, we channeled our strategic wealth into the construction of infrastructure, and the formation of robust institutions. Secondly, we concentrated on the soft infrastructure – the establishment of a regulatory, legal and commercial environment that gives investors’ confidence. Thirdly, and perhaps most importantly, we nurtured our greatest asset, our people, understanding that to thrive we needed to educate the generations, and the leaders, to come.”

AIM Congress 2024, supported by the UAE Ministry of Industry and Advanced Technology and the Abu Dhabi Department of Economic Development as the lead partner, witnessed significant attendance on its first day. Notable attendees included Ministers, Government Officials, and decision-makers from around the world, in addition to leading investors, major corporations, startups, small and medium-sized enterprises, international organisations, and more than 12,000 visitors from over 175 countries.

AIM Congress, an initiative of the AIM Global Foundation, aims to formulate investment strategies and policies, promote investment and economic opportunities, enhance international economic relations, and devise innovative solutions to address current and future global challenges and developments, ultimately striving towards a prosperous and sustainable global economy.

The opening ceremony included keynote speeches and live panel discussions with senior policymakers and top business leaders, aimed at exchanging knowledge, experiences, and insights with participants, exploring strategies for adapting to global investment landscape transformations, and finding solutions to address challenges. The list of speakers featured prominent officials and influential economic figures, notably also including a keynote speech by Ahmed Aboul Gheit, Secretary-General of the Arab League.

Source: WAM
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