Annual Investment Meeting to tap into space technologies

DUBAI, 2nd February, 2017 (WAM) — The 7th edition of the Annual Investment Meeting, AIM, will tap into space technologies. The UAE’s investments in space technologies currently exceeds AED20 billion.

Held under the patronage of Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, this year’s theme, ‘International Investment, Path to Competitiveness and Development’, will focus on the space industry.

“The AIM is a leading global platform to discuss all foreign direct investment related topics. At the seventh edition, the focus will be on how foreign investments play a role in enhancing competitiveness among economic operators locally,” said Dawood Al Shezawi, head of the Organising Committee at AIM.

“In the current context of the economy and in the framework of our national plans to build diversified sectors, we have decided to give more importance to new industry sectors such as innovation, technology and space industry,” he added.

“On a larger scale, space exploration is a larger segment for investors yet it requires adequate infrastructures and technical and specific expertise that would contribute to the advancement of scientific research and the development of important strategic advantages, which the GCC countries are aware of,” concluded Al Shezawi.

WAM/AAMIR/Moran

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