ADDED's participation at Investment Meeting reflects Abu Dhabi government’s visionary focus on quality of foreign investment projects: Al Mansoori

ABU DHABI, 9th April, 2016 (WAM) – Abu Dhabi Department of Economic Development (ADDED) is taking part, as a Diamond Sponsor, in the 6th Annual Investment Meeting (AIM Dubai 2016) due to be organized in Dubai International Exhibition Center on 11-13 April.

Ali Majid Al Mansoori, ADDED Chairman, said that the ADDED participation in this important meeting and exhibition reflects Abu Dhabi government’s visionary approach of focusing the quality and nature of investment projects in attracting foreign investment, and the significance of investment-driven laws and regulations that form a key factor in promoting economic and social development.

He noted that ADDED’s participation in this annual event is an opportunity to showcase the investment environment in the Emirate of Abu Dhabi and the key constituents of the investment decision that supports the growing economic ties with Abu Dhabi’s strategic partners in brotherly and friendly countries based on the nature and significance of the feasibility studies of mega investment projects provided to private and public sectors by Abu Dhabi government.

“The government of Abu Dhabi is committed to the policy of economic openness and free competition through which it aims to encourage the private sector to play a key role in development,” he added, noting that the Emirate of Abu Dhabi is now offering several facilities and advantages like the world-class infrastructure, streamlined business procedures, safe business environment, to name but a few.

He added that the Foreign Investment Attraction Committee, which has recently held its second meeting this year, is working on addressing all challenges facing investors in the Emirate of Abu Dhabi including the introduction of flexible laws and legislations, streamlining government departments’ procedures and requirements in addition to supporting industrial investment in the emirate.

“The committee is working on providing a common platform for all local bodies that act individually to attract investments in a way that encourage integration with local investments by investing in untapped resources, in addition to attracting added-value investments like transport, technology transfer, accessing global supply chains, labor training, effective management techniques and others,” he said.

He noted that ADDED’s interest in participating in AIM 2016 Dubai comes as the event has drawn extensive audience in recent years. The number of participants in its last version of 2015 was 124 nations, 14,687 businessmen and investors, 145 senior official and 410 exhibitors from around the world. These numbers are expected to grow this year thanks to a growing interest in the field of direct foreign investment in the various countries of the world.

In its stand in the exhibition, that is organized on the sideline of AIM 2016, the ADDED offers its services to investors, participants and visitors, including commercial and industrial licensing services, business practice licensing, data and statistics on the size and nature of investments offered by the Emirate of Abu Dhabi and available investment opportunities.