(MENAFN Press) The Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED), attended the 19th World Investment Conference (WIC 2014) of the World Association of Investment Promotion Agencies (WAIPA) held in Istanbul (Turkey) recently. Dubai FDI represents the Middle East and North Africa in the Board of Directors of WAIPA thus playing a dynamic role in the decision-making process and strategy of the global body.
The Geneva-based WAIPA is the foremost networking and information exchange platform for investment promotion agencies world over. Founded in 1995, the international association for all investment promotion and development agencies provides members with a forum to share successful approaches, influence government policy and build technical and human resource capabilities for accelerated inward and outward investment.
Fahad Al Gergawi, Chief Executive Officer of Dubai FDI, participated in the panel discussions held as part of the conference and held discussions with member investment promotion agencies (IPAs) in WAIPA to collaborate on serving investors better. WAIPA also honoured Dubai FDI for its support and innovative investment promotion initiatives in the region.
"Over 90 IPAs came together at WIC 2014 to discuss ways of developing investment promotion strategies and attracting foreign direct investment (FDI). The conference provided a valuable opportunity to share information and knowledge on facilitating investment inflows and particularly on networking among Arab countries in this area," said Al Gergawi.
Taking Stock and Moving Forward was the theme around which discussions in the conference centered. In three interactive plenary sessions, panellists renowned for their expertise in investment explored Concerted Action in FDI Strategy and Policy, The Emerging and Established Sources of FDI and In-Country Reality and Outside Perception.
"The event brought together top decision-makers and experts from frontline and emerging markets worldwide. Participants were able to draw critical conclusions from the discussions held and we will try to implement the recommendations of the conference to accelerate investment into our respective regions," added Al Gergawi.
The three-day conference also decided to shift the headquarters of WAIPA to Istanbul from Geneva.