Annual Investment Meeting Dubai 2017

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Annual Investment Meeting Dubai

From April 2nd to April 4th the 2017 Annual Investment Meeting took place in Dubai, United Arab Emirates. Participants from 120 countries assembled in Dubai to facilitate strategic networking and promote investments. Global leaders, such as WAIPA Consultative Committee members John Danilovich (Secretary-General of the International Chamber of Commerce) and Mukhisa Kituyi (Secretary-General of the United Nations Conference on Trade and Development) discussed how FDI can pave the way towards sustainable growth competitiveness and development. For a visual impression, have a look at the gallery.

Capacity Building workshop for Investment Promotion Officials

Workshop Intro picture

One of the official pre-events was the Capacity Building workshop for Investment Promotion Officals, organized by WAIPA on April 1st. Approximately 50 participants gathered for a training by FDI Expert Andreas Dressler, the sharing of best practices by CEPICI (Cote d’Ivoire), Invest Tatarstan (Tatarstan) and ICE (Italy) and a Presentation followed by Q&A by WAIPA CEO Bostjan Skalar. Skalar highlighted that “Multi stakeholders have a stake in FDI. All have an equal weightage in the success of investments.” Skalar also mentioned the tough competition between IPA’s, as in 2016 roughly 4000 IPAs around the world competed for 14381 greenfield projects, translating in an average of 3,5 projects per IPA.

In the best practices session, Taliya Minnulina, the CEO of the Tatarstan Investment Development Agency” explained about the newly developed concept of a 5D cinema. The 5D cinema tries to reflect the circumstances of a certain potential greenfield location – without the possible investor actually having to travel to the location.

Ms Carole Versteeg, Director of Investment Attraction at CEPICI, Cote d’Ivoire, represented CEO Mr Emmanuel Essis, and presented CEPICI’s best practices and the key achievements that led to a positive investment climate in the Cote d’Ivoire.

Mr Gianpaolo Bruno, Italian Trade Commissioner to the UAE, Oman and Pakistan rounded up the best practices session with his presentation on the “Implementation Model for FDI Attraction” of the Italian Trade Agency. He referred to the newly established FDI desks e.g. in Istanbul, London, New York, Tokyo, Dubai etc., its mission and activities and the joint activities of the Italian Trade Agency and the FDI desks as well as their industry 4.0. national plan.

If you are interested in the presentations or further information, please contact Mr Andreas Hora, andreas.hora@waipa.org

Plenary speeches by WAIPA President and CEO

WAIPA CEO Bostjan Skalar participated in the Plenary Session “Achieving Competitiveness through FDI”. In this speech Skalar stated that “IPAs should provide feedback to policy makers regarding investor needs to work towards a better investment climate”.

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The President of WAIPA, Arda Ermut, joined a debate “Global corporations and government drivers and enablers of FDI and competitiveness”. He stated that “IPAs assure smooth communication between government and investor and thus prevent misunderstandings”. He added that “bureaucrats are so powerful that they can find one million different solutions to facilitate but also two million to unfacilitate”. The proper feedback of investment promotion agencies can nudge bureaucrats towards finding solutions and thereby better facilitating investors. Ermut: “IPAs by providing facilitation services to foreign investors play an active role to enhance competitiveness”. He finished by underlining the important role of IPAs in shaping a competitive business environment.

AIM Investment Awards

WAIPA Deputy-CEO Ismail Ersahin was a member of the jury determining the winners of the AIM 2017 Investment Awards.

WAIPA is proud that many of the Investment Award Members are longtime WAIPA members. This is a full overview of all winners:

AIM Investment Awards Winners 2017