(MENAFN - Khaleej Times) Dubai offers the most successful model of free zone development for maximising foreign direct investment (fdi) inflow according to participants of a panel on the second day of the annual investment meeting (aim)
They agreed that dubai provided the most successful model in which retail and wholesale trading processing manufacturing transportation and communications remained key drivers of investment to the free zones.
The second day of the aim had lengthily discussions on the opportunities and potential of fdi in viable industries like agriculture and food. also the role of free zones in attracting fdi was another major highlight of the day.
According to dubai statistics centre free zones in dubai captured 50 per cent of the fdi in the emirate which demonstrated the emirate’s success in leveraging this pioneering model to attract investments backed by a world-class infrastructure and professional environment unparalleled logistics services as well as an advanced air land and marine transportation network in addition to investor-friendly legislation tax free regime safety and economic stability. all these factors have enhanced the capabilities of dubai and the uae in attracting investors. on the second day there was a discussion on flow of fdi into developed and developing markets with the participants agreeing that higher level of fdi was flowing into developing countries is sharp contrast to the late 90s when it was in favour of developed countries. dawood al shezawi ceo aim’s organising committee said: “the meeting succeeded in enabling knowledge exchange among experts professionals academics consultants and others more than 110 countries.”
Aim 2014 is helping provide deep insights into new fdi trends through presentations from economic experts senior officials and decision makers participating in the workshops at the sidelines of the event. aim 2014 is an ideal event to enrich discussions on the efficacy of policies pertaining to investments and shed light on challenges facing the investment industry in the world as well as highlighting potentials monitoring development and enhancing the role of uae as a real partner in the development of investment policies.
The fourth edition of aim 2014 is an enriching experience for all participants through open discussions as well as live demonstrations and comprehensive insights. the event also helped forge partnerships and build bridges between countries as well as facilitate cultural exchanges which was evident at the gala dinner during the investment awards held in armani hotel on the first day.