Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, The Annual Investment Meeting, organized by theUAE Ministry of Economy, scheduled to be held from 20th to 22nd October 2020, under the theme “ Reimagining Economies: The Move Towards a Digital, Sustainable and Resilient Future.”
As the very first digital edition of the Annual Investment Meeting, AIM Digital will be the first mega digital event in the region to surmount the COVID -19 pandemic that will set a new benchmark for future virtual events in the UAE. It will utilize digital technology to create, showcase, and facilitate new investment opportunities for investors from different parts of the world, providing boundless possibilities across diverse sectors leading towards economic recovery, transformation, and sustainability.
To continue AIM’s mission of creating a roadmap to build a resilient future for the global economy despite the current pandemic, the three-day digital event will support and strengthen the investment environment and generate the most attractive and secure investment projects and opportunities for investors.
In this regard, His Excellency Abdullah bin Touq Al Marri, Minister of Economy, said: “The Annual Investment Meeting is an important global platform that brings together officials, experts, investors and major local, regional and international companies to exchange ideas and experiences and work together to develop the investment climate and link stakeholders to enhance development opportunities and come up with innovative solutions. The UAE has managed over the past years to consolidate its position as a pioneering and attractive investment destination for value-added projects, especially in the new economy sectors, and the country has also succeeded in developing its capabilities in planning and anticipating the future, and developing proactive solutions to enhance the resilience of its national economy in the face of global economic changes.
His Excellency added that the UAE government launched a comprehensive plan of 33 initiatives to support all economic sectors in the country and create a more flexible economic environment capable of generating diverse and sustainable opportunities, and encouraging investment in future sectors, especially digital transformation, advanced industries, applications of modern technology, research, development and innovation.” He said that the development of a digital model for a global platform for dialogue, such as the annual investment forum, is gaining great importance under the current circumstances and strengthens the country’s ability to review its future vision and promote the opportunities offered in its priority sectors to attract and attract investments to it through innovative means.
His Excellency Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises, said: “The UAE continues its pioneering role as a hub for trade, investment development and business activities, whether in its local markets or at the regional and global levels, and is confirmed today by launching the first digital version of the Investment Forum. Its ability to adapt to the changes in the economic landscape and find innovative solutions to various challenges, such as those that we are witnessing today as a result of the spread of the Covid-19 pandemic, which highlighted the importance of adopting new methods in economic activity, stressing that the establishment of the forum hypothetically at this huge level with the participation of 170 countries represents a new success story that reflects the readiness of the country’s economic and trade system to rapidly shift towards digital activities and adopt a more competitive, resilient and sustainable economic model.
Al Falasi added that the Annual Investment Meeting has provided over the past years a pioneering platform to support emerging companies and small and medium enterprises. His Excellency explained by saying: “We will work through this year’s edition of AIM to continue supporting and encouraging entrepreneurs and owners of small and medium enterprises by providing them with vital channels for communication with their counterparts in other participating countries to acquire new ideas and knowledge, exchange experiences and attend relevant exhibitions, as well as to establish partnerships and open new markets for their products and services, and this would immediately reflect on their commercial success and their ability to continue and expand. ”stressing that the transition to the digital model this year It will allow for wider participation from different countries of the world and will thus increase opportunities for cooperation and growth for entrepreneurs.
“This year’s Annual Investment Meeting, in its first digital edtion of its kind, is being held under unusual circumstances that the global economy is going through that requires intensifying dialogue and creating new links that support commercial and investment activities in various world markets.”He explained thatthe event will focus on discussing the countries and institutions efforts to provide new solutions and measures that support sustainability, business continuity and flexibility in facing various challenges. said His Excellency Dr. Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade.
His Excellency added: “Through this year’s edition of AIM, we will make sure to allow businessmen and capital owners to meet and conclude strategic agreements and partnerships, and to open new and vital channels for work in various investment fields, explaining that the forum’s agenda for this year will be rich in sessions, dialogues and digital exhibitions. Over the course of three days, and expressing optimism that the outcomes of this session will contribute to creating more creative ideas, initiatives and qualitative projects that represent an added value to international efforts in enhancing the global economic climate and preparing it for the post-Covid-19 phase.
AIM’s unique digital exhibition will be participated by Ministries and Government Departments, International and Regional Organisations, Investment Promotion Agencies, Special Economic Zones, Private Equities, Angel Investors, Venture Capitalists, Banking & Financial Institutions, International Investment Institutions, Startups, Incubators and Special Programmes, SME Financing Institutions, Smart City Solution Providers, and Technology Providers, among others, from more than 170 countries, which means even more abundant opportunities for economic productivity and expansion.
“We are all aware that the global economy has been severely affected by the COVID-19 pandemic. However, this global outbreak must not cause economic paralysis and impede recovery but must serve as a stimulus to persistently look for opportunities to surmount the challenges. Technology is one of the tools available to us that we need to take advantage of to fight the impact of pandemic, which is why AIM Digital was conceived. It is indeed a major initiative that brings innovation and investment opportunities together in one virtual platform for investors to fuel economic resilience and transformation” said Mr. Dawood Al Shezawi, the Head of the Organizing Committee of the Annual Investment Meeting.
Diverse topics have been meticulously discussed such as Economic Fallout of Covid 19 on Female Founders, Accelerating Technologies during Time of Crisis, Ensuring Food Security & Sustainability against Pandemic: Innovation and Business Opportunities of Agriculture in SMEs, Strengthening the Global Partnership in International Trade during Pandemic Crisis, Post-Pandemic Cities: What Will They Look Like, Business Opportunities of Agriculture in SMEs, The Vision From Investors in The Middle East, Urban Mobility: Road To Recovery And The Effectiveness Of Attracting FDI in The Times Of Crisis, Smart Cities Of The Future Workshop, Challenges For Agribusiness in Latin America And The Vision From Investors in The Middle East. Additionally, AIM Digital continues to offer interactive investment activities 365 days of the year to support the global investment community.
AIM Digital Features
Placing the spotlight on AIM’s six pillars – Foreign Direct Investment, Foreign Portfolio Investment, Small and Medium-sized Enterprises, Startups, Future Cities, and One Belt, One Road, AIM Digital will showcase different features that will extensively boost investment opportunities in various sectors.
Pre-Conference Workshop: Conducted by renowned industry experts from across the globe, this series of interactive professional coaching sessions have been tailor-made to enrich the experience of its participants and prepare them in finding lucrative opportunities for investment.
Conference: A platform where expert insights, best practices, and ideal investment policies are shared with participants. Leaders and specialists from the investment community will lead the virtual discussions to explore relevant topics about each of the six pillars of AIM.
Exhibition: Participated by the best local and international exhibitors across the globe, the Exhibition features different countries, smart city solution providers, startup companies, and SMEs, with the ultimate goal of achieving economic growth for their respective country and region.
Digital Country Presentation: It unveils the world’s best investment destinations by featuring every country’s key economic and investment environment features digitally. A platform for municipalities, cities, and countries to promote investment opportunities at their location and highlight the potential of their sector to prospective investors.
Startups Virtual Pitch Competition: An opportunity to present business ideas to a diverse array of global investors on the lookout for the next big thing. The winners of the start-up virtual pitch competition will compete for the National Champions League. Individual startups may register for the Global Technopreneurs.
Conglomerate Presentations: A virtual line up of Large Multi-Industry Groups keen on showcasing their investment roadmaps and key sectors of interest to an impressive panel of AIM investment promotion agencies, SMEs and government officials enthusiastic about making sustainable investments in their respective countries.
Awards: Recognizing the outstanding contributions of Investment Promotion Agencies, SMEs and Start-ups in bolstering and securing investment for a particular location. Awards will be presented to various investments made to regions and countries that have resulted in significant economic growth.
Investors’ Hub: Held within a digitally secured environment, a virtual meeting where top investors will have an audience with official government representatives to cultivate the formation of investment partnerships and collaboration.
Regional Focus Sessions: Centered on three regional conversations that examine the economic landscapes of Africa, Asia and Latin America, the discussions will be an informed exploration of the regions’ risks, challenges and opportunities for growth that are waiting to be harnessed through regional cooperation.
Made in Series: This viable digital feature is open to all SMEs who wish to showcase their local products and services to an international platform. Being a part of the series could help the participating country to promote their locally manufactured products or services, present value proposition to a focus global audience, and network with potential global partners for future collaboration.
Investment Roundtables:The investment roundtable feature of AIM 2020 is a gathering of Ministers, Deputy Ministers and Heads of Investment Promotion Agencies (IPAs), Investors and Decision Makers. The main objective of this feature is to facilitate a platform for government decision makers to discuss with investment companies to create a feasible investment model matching government and investor requirements. At the end of the sessions, a feasible investment model shall be developed.
Networking Features: A medium to strengthen business relationships and serve to the expansion of business portfolios. Vast features are conveniently available and accessible for ease of communication and networking on the platform.
The Annual Investment Meeting also plans to expand its footprint across the economic landscape as it gears up for its upcoming hybrid edition which will take place on March 21 – 23 followed by its Mega edition during EXPO2020, the World’s Greatest Show. The Hybrid Edition will be primed to feature massive investment opportunities from more than 170 countries, securing the highest return of investments for investors across the globe.
Furthermore, the Annual Investment Meeting is also delighted to launch its official e-magazine, Global Catalyst, which will serve as the global investment community’s no.1 digital source of the latest news, feature articles on trending topics, and critical analysis on fundamental issues affecting the investment environment, serving as a powerful catalyst for global economic growth. The Global Catalyst, is a quarterly digital publication that provides a captivating blend of news and features about the investment environment, as well as thorough analyses and research studies on major issues concerning the global economy. It also features success stories and in-depth interviews from prominent personalities in the global investment community to offer invaluable insights. In its first issue, Global Catalyst will give emphasis on its theme, “Rebooting the Future of Global Economy” which sparks the revitalising idea of starting anew, finding innovative methods and strategies, and building new perspectives in relation to the global economy.
Acknowledging the shift to the digital landscape and integrating technological advancements assists in developing smart, digital and sustainable nations as AIM Digital generates boundless possibilities towards economic recovery, transformation, and sustainability.
For more information on AIM Digital, visit www.aimcongress.com
About the Annual Investment Meeting
The Annual Investment Meeting (AIM) is an initiative of the UAE Ministry of Economy, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai. AIM is the world’s leading investment platform with over 16,000 participants coming from more than 140 countries. Over 400 exhibitors and co-exhibitors, 60+ high-level dignitaries, 150+ investment specialists and experts have participated in AIM 2019.
Insecurity and bureaucracy hampering aid to Ethiopia’s Tigray region
Nearly three months after the start of conflict in Ethiopia’s Tigray region, hundreds of thousands of people have yet to receive assistance, the United Nations reported on Wednesday, citing information from its humanitarian coordination agency, OCHA.
“Humanitarian assistance continues to be constrained by the lack of full, and safe, unhindered access to Tigray, caused by both insecurity and bureaucratic delays”, UN Spokesperson Stéphane Dujarric told journalists.
“The UN and its humanitarian partners in Ethiopia urgently call on all parties to allow the immediate safe passage of humanitarian personnel and their supplies to the Tigray Region to be able to reach all people who desperately need assistance.”
Over two million in need
Mr. Dujarric said the UN continues to receive alarming reports of civilians being injured and killed in rural areas in Tigray, as well as of violations against civilians, though verification remains a challenge.
“Aid workers have been able to deliver assistance in some areas, mainly in cities, where access has been granted by the authorities. However, the number of people reached is extremely low compared to the 2.3 million people we estimate are in need of life-saving assistance”, he said.
The situation is particularly critical for newly displaced people and refugees, especially those who were living in two camps that remain inaccessible, according to OCHA.
Humanitarians further warn that the majority of the 270,000 people receiving benefits through the Government’s Safety Net Programme have also been without assistance as banks in most rural areas have been closed since before the crisis began.
“These are extremely vulnerable people who rely on monthly cash transfers to meet their basic needs,” said Mr. Dujarric.
Mali transition presents opportunity to break ‘vicious circle of political crises’
The current political transition period in Mali offers an opportunity to “break out of the vicious circle of political crises followed by coups d’état”, the UN envoy in the country told the Security Council on Wednesday.
Following the 18 August mutiny that ousted President Ibrahim Boubacar Keïta, Special Representative and Head of the UN Stabilization Mission in Mali (MINUSMA) Mahamat Saleh Annadif, said the country was now four months in, to a planned 18-month transition period, leading to presidential and legislative elections.
“However, it is never too late to reach a minimum consensus on the essentials of peace and stability, because the future of Mali is at stake”, he stated.
Against this backdrop, Mr. Annadif said the UN, African Union, Economic Community of West African States (ECOWAS) and others have always stood ready to support Mali’s institutional transitions.
He said that several missions and meetings had taken place in Bamako since the August coup and described consultations between the Government and the signatories of the 2015 Agreement on Peace and Reconciliation “encouraging”.
The Malian Government has been seeking to restore stability and rebuild following a series of setbacks since early 2012 that fractured the country, including a failed coup d’état, renewed fighting between Government forces and Tuareg rebels, and the seizure of its northern territory by radical extremists. The weakening of central institutions, loss of confidence in political actors and the rise of religious leaders demanding change, were among the factors leading up to last August’s events.
As one positive example of political progress being made, the UN envoy drew particular attention to the “positive dynamics” of key officials who visited the restive city of Kidal to organize a “solemn swearing-in hearing of the new Governor” on 31 December, flagging that “such an event has not taken place in Kidal for almost ten years”.
Interim parliament at helm
Mr. Annadif said that despite a hold up in State appointments, the National Transitional Council (CNT) had been established on 3 December, with Transitional President Bah N’Daou having appointed 121 members who are now acting as a de facto government towards restoring full constitutional order.
Serving as an interim parliament that will vote on political, institutional, electoral and administrative reforms, the UN envoy called their role “crucial for the consolidation of democracy and the success of credible elections allowing a return to constitutional order, as provided for in the Transition Charter”.
Successes and challenges
While pointing to “successes” of the international force, the MINUSMA chief acknowledged that security in border areas of Mali – which remains the deadliest UN peacekeeping mission of all – and in the country’s centre, remains “worrying and unpredictable”.
However, he said that MINUSMA continues to “adapt” to these multifaceted challenges and “strengthen its capacity” to better respond.
Moreover, the missions “adaptation plan” to better protect civilians and promote community reconciliation in central Mali is producing “significant results” with additional temporary bases and the intensification of dedicated joint patrols “to advance the reconciliation processes between communities in local conflict zones”, said Mr. Annadif.
The MINUSMA head lauded the efforts of Malian forces to improve their rights performance and underscored that reforms are a key dimension in ensuring the legitimacy of the next elected government.
He reassured the Ambassadors that the foundation has been laid for a successful political transition in the country as well as reliable security arrangements for its diverse regions.
However, he stressed that the transition’s success depends upon “the successful completion of political, institutional, electoral and administrative reforms with the aim of inclusive, credible elections, the results of which will be accepted by the majority of Malians and Malians”.
UNICEF: Closing schools should be ‘measure of last resort’
The head of the UN Children’s Fund (UNICEF) underscored on Tuesday that “no effort should be spared” to keep children in school, as the coronavirus pandemic continues into a second year.
“Despite overwhelming evidence of the impact of school closures on children, and despite increasing evidence that schools are not drivers of the pandemic, too many countries have opted to keep schools closed, some for nearly a year”, Henrietta Fore said in a statement.
A high cost
The UNICEF chief highlighted that the cost of closing schools has been devastating, with 90 per cent of students globally facing shutdowns at the peak of the COVID disruptions last year, leaving more than a third of schoolchildren with no access to remote education.
“The number of out-of-school children is set to increase by 24 million, to a level we have not seen in years and have fought so hard to overcome”, she said.
“Children’s ability to read, write and do basic math has suffered, and the skills they need to thrive in the 21st century economy have diminished”, Ms. Fore added.
Closure a ‘last resort’
Keeping children at home puts their health, development, safety and well-being at risk – with the most vulnerable bearing the heaviest brunt, she said.
She pointed out that without school meals, children are “left hungry and their nutrition is worsening”; without daily peer interactions and less mobility, they are “losing physical fitness and showing signs of mental distress”; and without the safety net that school often provides, they are “more vulnerable to abuse, child marriage and child labour”.
“That’s why closing schools must be a measure of last resort, after all other options have been considered”, stressed the top UNICEF official.
Evaluating local transmission
Assessing transmission risks at the local level should be “a key determinant” in decisions on school operations, Ms. Fore said.
She also flagged that nationwide school closures be avoided, whenever possible.
“Where there are high levels of community transmission, where health systems are under extreme pressure and where closing schools is deemed inevitable, safeguarding measures must be put in place”, maintained the UNICEF chief.
Moreover, it is important that children who are at risk of violence in their homes, who are reliant upon school meals and whose parents are essential workers, continue their education in classrooms.
After lockdown restrictions are lifted, she said that schools must be among the first to reopen and catch-up classes should be prioritized to keep children who were unable to learn remotely from being left behind.
“If children are faced with another year of school closures, the effects will be felt for generations to come”, said Ms. Fore.
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