Dubai, 27-28 November 2017: The 22nd WAIPA World Investment Conference (WIC17), the annual flagship event of World Association of Investment Promotion Agencies (WAIPA) hosted by Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy and WAIPA Steering Committee Member, was held in Dubai, UAE. The two-day event that included the General Assembly, began on 27 November and brought together leading investment promotion agencies (IPAs) from all around the world, international organization’s leaders, heads of financial institutions, leading political figures, private sector representatives, prominent economists and researchers to discuss what is in hold for the future, share best practices and sharpen their investment promotion skills.
The first day of the conference was dedicated to WAIPA Members. In the morning, member IPAs had the opportunity to network and share best practices in investment promotion as well as to listen to FDI Advisor, Andreas Dressler, best practice presentations by the Department for International Trade (former UKTI), the Japan External Trade Organization (JETRO) and Invest in Istanbul as well as a presentation by CNBC Catalyst on their FDI research in collaboration with WAIPA.
The WAIPA General Assembly, which was convened on the first day, re-elected Investment Support and Promotion Agency of Turkey (ISPAT) to hold the presidency of the Steering Committee for the 2017-2019 term. The Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and Dubai Investment Development Agency (Dubai FDI) were elected by the General Assembly to hold the vice-presidencies. For more detailed information about the appointed members and the General Assembly please click here.
The conference featured a notable line-up of keynotes by Oussama A. Kaissi, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC); as well as Vic van Vuuren, Director of Enterprises Department at the International Labour Organisation (ILO)and Michael Langley, Chair of the IEDC Board of Directors, two Consultative Committee members of WAIPA.
Held under the theme ‘FDI as a driving force for sustainable development’ the conference aimed to underline the importance of IPAs and FDI into sustainable development. The conference explored how in reality empowered IPAs can contribute even more effectively and successfully towards the creation of beneficial linkages and spill-overs, creating welfare and prosperity through the Sustainable Development Goals (SDGs) by the 2030.
The interactive sessions on 28 November gave the participants an opportunity to listen not only world-renowned leaders and academicians, but also global companies and decision makers such as International Trade Centre (ITC), African Development Bank, World Economic Forum, Bureau van Dijk, CNH Industrial, the World Business Angels Forum (WBAF), fDi Intelligence and UN Global Compact, among others discussing FDI as a driving force of national development, innovation, job creation, industrialisation and sustainability.
The first panel session of the day which was moderated by the International Centre for Trade and Sustainable Development debated on ‘Empowering IPAs in developing countries and Least Developed Countries (LDCs) and the creation of a positive investment environment to achieve the SDGs.’ The panellists analysed how empowered IPAs excel in attracting FDI, and particularly the advantages for developing and least developed countries in empowering IPAs through improving the business climate and providing a transparent regulatory environment.
The second session moderated by Consultative Committee member World Bank Group on ‘Global Value Chain: Growth and entrepreneurship through linkages’ explored the right strategies and policies that enable countries to become part of global value chains (GVCs) through attracting FDI, thereby bringing in more skills, technologies, jobs and growth.
‘Corporate investment drivers, challenges, and the future of FDI’ moderated by Consultative Committee member UNIDO were in focus in the third session of the day. The panellists highlighted the significance of FDI driven by multinationals in achieving sustainable growth and industrialisation as well as emerging investment opportunities in new sectors like the financial technology (Fintech) industry.
To download The WAIPA World Investment Conference 2017 full report please click here.
Published on Dec 11, 2017