Emphasized focus on non-oil sectors including industry, health and technology

Bin Touq: $ 100 million expected investments from «Investopia 2023»

Bin Touq confirmed that the target is to raise investments of 550 billion dirhams through Investobia until 2031. WAM

The Minister of Economy, Abdullah bin Touq Al Marri, said that the agreements signed during the "Investopia 2023" conference are expected to bring investments worth $ 100 million to the UAE and the region, noting that the focus of these investments will be in the non-oil sectors, especially industry, health and technology.

Bin Touq added during a press conference yesterday, at the end of the "Investopia" conference, that the target until 2031 is to raise investments worth 550 billion dirhams through the "Investopia" platform.

Bin Touq stressed that legislation and laws related to attracting investments are being reviewed periodically to comply with global changes, as more than 40 legislations and procedures have recently been reviewed, while more are currently being reviewed, noting that this makes the UAE at the forefront of the countries of the region at the level of attracting foreign investment, in addition to occupying 17th place on the Global Competitiveness Index in the field of attracting investment.

Bin Touq said that over the course of two days, the Investopia conference brought together more than 2500,1000 participants from decision-makers, investors, experts, academics and media professionals from around the world, including <>,<> participants who came from outside the country to explore global investment opportunities under the slogan "Envisioning Opportunities in Times of Change".

He pointed out that the conference hosted 35 dialogue sessions and round tables in which more than 100 speakers participated, noting that 75% of the participants in the conference are from the private sector. Bin Touq added that 14 cooperation projects and agreements were held on the sidelines of the conference, and 300 meetings were held, explaining that 60% of the meetings were with investment funds managing more than one billion dollars, while 55% of the meetings were with hedge funds and 45% with venture capital funds and private financing institutions.