Insights from ministerial roundtable at AIM Congress 2024

• At AIM Congress 2024, ministers from around the world share insights and strategies for navigating economic challenges.
• Ministers highlight diverse approaches to investment attraction, ranging from leveraging emerging markets and fostering SMEs to offering incentives like tax exemptions and creating investment-friendly regulations.
• Global forum showcases a collaborative effort to drive economic growth, regional collaboration, and private sector involvement.

In a bustling convergence of minds at the ADNEC in Abu Dhabi from May 7th to 9th, the 2024 AIM Congress unveiled a remarkable event that captured the attention of global leaders—the Ministerial Roundtable on Investment.

This exclusive gathering under the Roundtables’ Track brought together a cadre of distinguished ministers from around the world to share insights and strategies in navigating the complexities of economic volatility, geopolitics, and the looming global economic slowdown.

H. E. Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, set the tone by underlining the significance of emerging markets in steering future growth trajectories. He stressed the imperative of embracing a free economy, harnessing technology, and enacting regulatory reforms to unlock latent investment prospects.

The UAE’s proactive stance in bolstering future economy sectors, especially in bolstering SMEs, underscored its unwavering commitment to nurturing economic resilience and fostering job creation.

AIM Congress forum seeks ways to turn adversities into opportunities

From Bosnia and Herzegovina, HE Elmedin Konakovic, Minister of Foreign Affairs, emphasized the need to turn adversities into opportunities. He advocated for the seamless integration of international investment and national resources to allure investors to the nation’s burgeoning potential.

HE Jean-Lucien Bussa, Minister of Foreign Trade from the Democratic Republic of Congo, showcased the country’s investment-friendly policies, including tax exemptions and non-discriminatory practices, to entice international investors to explore its vast opportunities.

The spotlight then shifted to Honduras, as HE Miguel Medina, Minister of Investment, illuminated the nation’s robust FDI growth and attractive incentives tailored for flagship companies, aimed at catalyzing economic metamorphosis.

From Indonesia, HE Sandiaga Salahuddin Uno, Minister Of Tourism And Creative Economy, stressed the pivotal role of innovation, adaptation, and collaboration in propelling investment growth, particularly in transformative sectors like healthcare and digitization.

HE Ryad Mezzour, Ministry of Industry and Trade Morocco, underscored the imperative of depolarizing regulations and instilling confidence in domestic products to capitalize on nascent opportunities and foster economic self-sufficiency.

Meanwhile, from San Marino, HE Fabio Righi, Minister of Industry Trade, Handicraft, Technological Research, showcased the nation’s transition towards an open economy, leveraging digitalization and streamlined regulations to bolster SMEs and allure international investors.

Uganda’s investment-friendly environment took center stage as HE Hon. Anite Evelyn, Minister of State for Finance, Planning and Economic Development, highlighted local product promotion and liberalized economic policies aimed at spurring FDI growth and job creation in the East African country.

Tajikistan’s untapped potential in renewable energy and mineral resources came into focus as HE Sulton Rahimzoda outlined favorable investment regulations designed to attract international investors.

HE Claver Gatete, Undersecretary General United Nations & Executive Secretary-Economic Commission for Africa, emphasized the pivotal role of private sector investment in addressing Africa’s economic challenges, advocating for regional collaboration to unlock the continent’s vast potential.

Moscow’s economic diversification efforts took the limelight as HE Sergey Cheremin, Minister of Moscow City Government, debunked misconceptions and showcased the city’s resilience and growth trajectory.

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Kurdistan’s favorable investment climate

Dr Mohammad Shukri, Chairman of the Kurdistan Region Investment Board, extended a warm invitation to investors, emphasizing Kurdistan’s favorable investment climate and commitment to equal treatment of local and international investors.

Lastly, Dr Khaled Hanafy, Secretary General Union of Arab Chambers, stressed the indispensable role of the private sector in propelling economic growth, urging increased collaboration and innovation to harness the potential of digital products and empower small entities.

The Ministerial Roundtable on Investment at the 2024 AIM Congress served as a beacon of collaboration, fostering partnerships, and unraveling hidden investment opportunities amidst the ever-evolving economic landscape.

With over 150 high-level dignitaries, 900+ speakers, and 12,000 participants from 175 countries, AIM Congress 2024 stands as a testament to global cooperation. With 27 joint events in collaboration with over 330 local, international, and global partners, it embodies the spirit of unity in unlocking the world’s economic potential.