Dubai International Financial Centre (DIFC) Authority is principle sponsor of Annual Investment Meeting (AIM) 2016

The phase of post-oil economy is already formed in the UAE says Amiri

Dubai, UAE, 23 March 2016: The Higher Organising Committee of the Annual Investment Meeting (AIM) 2016, to be held under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, said that the Dubai International Financial Centre (DIFC) Authority is a principle sponsor for the forthcoming event to be held from 11 to 13 April at the Dubai International Convention and Exhibition Centre.

“DIFC is participating at AIM for the second consecutive year where the event is a prominent global one to showcase opportunities for partnerships. AIM 2016 attracts business leaders and decision makers in the world. It has also emerged as a must annual event on the calendar of investors,” said Arif Amiri, CEO of the Dubai International Financial Centre (DIFC) Authority.

“Our participation reflects the global standing of DIFC and its reputation as a preferred destination for international and regional financial companies which are looking to expand in the Middle East, Africa and South Asia. We aim to enhance the leading position of DIFC that provides investors with value added and competitive environment considered the best regionally,” said Amiri.

Amiri added that there are 1445 active companies registered in DIFC until the end of 2015. This number includes 408 companies working in financial services and 835 specialised in other services. He added that DIFC 2024 strategy is based on attracting new financial companies to give them the opportunity to operate n Middle East, Africa and South Asia.

“We are very pleased with this strategic partnership between AIM 2016 and DIFC,” said Dawood Al Shezawi, CEO, AIM’s Organizing Committee. Al Shezawi said the 2016 edition will serve as a platform for FDI experts, investors, professionals and businessmen to discuss how the FDI landscape has changed dramatically in recent years as well as identify new sources of FDI.

Commenting on the impact of the falling oil prices on the performance of DIFC based companies, Amiri commented: “We are an active player in the global economy and we are not immune to what affects it, nevertheless, we focus on the center’s long-term goals. DIFC has proven through the past few years on its ability to attract international companies and succeeded in raising its stature worldwide.”

On his expectations for the performance of the UAE economy in 2016, in light of the current economic situation in the world, Amiri said: “The phase of post-oil economy is already formed thanks to the wise leadership of the UAE.”

On the subject of the total number of Chinese banks registered in the Dubai International Financial Centre, and the impact of the decline of the Chinese economy and its currency, the yuan, on them, Amiri said: “DIFC includes the big four Chinese banks in addition to other companies. Although China is currently experiencing some economic challenges, but it has to be noted that the Chinese economy is much larger than it was before. In fact, these four banks upgraded their licenses and amended their statuses of representative offices to branches in DIFC.

Themed ‘The New World of FDI, Key Features and Best Practices’, AIM 2016 will mainly cover FDI, one of the most successful investment practices in the region and the world.

The Dubai International Financial Centre (DIFC) is the financial hub for the Middle East, Africa and South Asia, providing a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas. It also facilitates the growth in South-South trade and investment. An onshore, international financial centre, DIFC provides a stable, mature and secure base for financial institutions to develop their wholesale businesses.

The Centre offers all the elements found in the world’s most successful financial industry ecosystems, including an independent regulator, an independent judicial system with a common-law framework, a global financial exchange, inspiring architecture, powerful, enabling support services and a vibrant business community.

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