Abu Dhabi To Host UNCTAD’s World Investment Forum In October
Muhammad Irfan Published January 19, 2023 | 11:30 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 19th Jan, 2023) The United Nations Conference on Trade and Development (UNCTAD) has announced Abu Dhabi as the host city of its 8th World Investment Forum, to be held from 16th to 20th October 2023.
Taking place under the theme "Investing in Sustainable Development", the forum will bring together government leaders, global CEOs and other investment stakeholders to tackle the key challenges brought about by multiple global crises, including the need to invest in food security, energy, health, supply-chain resilience, infrastructure and productive capacity growth in the least developed countries.
UNCTAD Secretary-General Rebeca Grynspan and Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, today presented the priority themes of the forum.
The forum will take place a few weeks ahead of the annual climate summit COP28, which will also be held in the UAE. The forum will enable policymakers and other stakeholders to find solutions and reach consensus on priority issues, and its outcomes will feed into COP28 negotiations.
"At a time when much of the world is struggling with contracting markets and a post-COVID recovery that has yet to fully take hold, UNCTAD’s 8th World Investment Forum is an important opportunity to take a long-term perspective," Dr. Al Zeyoudi said.
He said the challenges the world faces, whether systemic issues such as climate change, inequality and food security or mitigating the pandemic’s impact on trade, investment and supply chain resilience, require unity of purpose and action on an unprecedented scale.
Dr. Al Zeyoudi added, "It is fitting that the event takes place in the UAE, where we are continuously reinventing and remodelling our economy to anticipate future changes. Decades of UAE innovation are now generating a level of recognition and trust in our systems and processes, while various national initiatives have helped to attract unprecedented investment and talent, transforming our nation into a truly global business hub.
"
From the host city Abu Dhabi, Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development, underscored the critical need to safeguard and build on the process of global reform, including the liberalisation of trade and responsible investment policies.
"Against the backdrop of a highly volatile global economic landscape, the international community shares a collective responsibility to address the challenges facing the multilateral trading and development system," he said. "It is imperative that we continue to come together, cooperate and identify much-needed solutions and alternative ways for the prosperity of all countries and humankind."
Al Shorafa said the UAE proudly embodies the ideals of openness, equality and sustainability, the pillars of its successful international business and trade doctrine. "We will continue to work with all countries towards alleviating poverty and supporting long-term growth for sustainable development. We have a clear vision on how to scale the solutions required to help move the world forward and achieve real progress."
For her part, Trypans emphasised the vital role the forum plays in mobilising efforts by the international investment-development community to address global challenges, which have both multiplied and converged in recent years.
"I see how investors, firms and governments are, in increasing numbers, putting sustainability and long-term value at the core of their activities," she said. "The World Investment Forum aims to bring them all together to make a positive contribution to addressing today’s most pressing issues, including through climate finance and investment. I sincerely thank our host country partners, the Ministry of Economy and the Government of Abu Dhabi, for offering to host the forum."
Related Topics
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago