The Minister of Economy, Abdullah bin Touq Al-Marri, said that the agreements signed during the “Investopia 2023” conference are expected to bring investments worth $100 million to the UAE and the region, indicating that the focus of these investments will be in non-oil sectors, especially industry, health and technology. .
Bin Touq added during a press conference yesterday, at the conclusion of the “Investopia” conference, that the target until 2031 is to collect investments worth 550 billion dirhams through the “Investopia” platform.
Bin Touq stressed that legislation and laws related to attracting investments are being reviewed periodically to comply with global changes, as more than 40 legislation and procedures have recently been reviewed, while more are currently being reviewed, indicating that this makes the UAE at the forefront of countries in the region in terms of attracting foreign investment besides It ranked 17th on the global competitiveness index in the field of attracting investment.
Bin Touq stated that over the course of two days, the “Investopia” conference brought together more than 2,500 participants from decision makers, investors, experts, academics and media professionals from around the world, including 1,000 participants who came from outside the country to explore global investment opportunities under the slogan “Imagine Opportunities in Times of Change.”
He pointed out that the conference hosted 35 dialogue sessions and round tables in which more than 100 speakers participated, indicating that 75% of the participants in the conference were from the private sector. Bin Touq added that 14 cooperation projects and agreements were held on the sidelines of the conference, and 300 meetings were held, explaining that 60% of the meetings were with investment funds managing more than a billion dollars, while 55% of the meetings were with hedge funds and 45% with capital funds. Risk money and private financing institutions
