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Zawya
4 days ago
- Business
- Zawya
Sharjah to host 29th World Investment Conference in partnership with WAIPA and UAE Ministry of Investment
Taking place from October 22 to 24 at Expo Centre Sharjah and held under a joint agenda with Sharjah Investment Forum 2025 Bodour Al Qasimi: Hosting the 29th edition of WIC in Sharjah reflects international confidence in the emirate's status as a leading destination for responsible and sustainable investment. Mohamed Alsuwaidi: This collaboration highlights our shared ambition to deepen cross-border partnerships and drive inclusive, sustainable economic growth. Mohamed Al Musharrkh: Convening global investment institutions in Sharjah unlocks diverse pathways for local and regional business communities James Zhan: The conference is set to take place at the right time, in the right location, and with the right partners The forum is the one of the most prominent events in the international business community Organised in conjunction with the 30th anniversary of World Association of Investment Promotion Agencies (WAIPA) To feature high-level sessions, ministerial meetings, and discussions between ambassadors and investment officials Sharjah: In a significant step that underscores the UAE's prominence on the global investment map, the Sharjah FDI Office (Invest in Sharjah), in collaboration with the World Association of Investment Promotion Agencies (WAIPA) and the UAE Ministry of Investment, has announced the 29th edition of the World Investment Conference (WIC). Marking its debut in Sharjah, the event will be conducted under a shared agenda with the Sharjah Investment Forum (SIF), which will take place from October 22 to 24 at Expo Centre Sharjah. This international collaboration was officially formalised through a 'Host Agreement' in the presence of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), H.E. Mohamed Hassan Alsuwaidi, UAE Minister of Investment, and Dr. James Zhan, Chairman of the Executive Board of the World Investment Conference (WIC). Signatories to the agreement included H.E. Mohammad AbdulRahman Alhawi, Undersecretary of the UAE Ministry of Investment; H.E. Mohamed Juma Al Musharrkh, CEO of Invest in Sharjah; and Ismail Ersahin, Executive Director and CEO of WAIPA. Commenting on the strategic significance of the event, Sheikha Bodour Al Qasimi said: 'Hosting the 29th edition of WIC in Sharjah reflects international confidence in the emirate's status as a leading destination for responsible and sustainable investment and underscores its readiness to convene global discussions focused on directing capital towards tangible development goals.' 'In Sharjah, we believe that the future of investment depends on striking a balance between economic growth and social development. For this reason, we are committed to ensuring that the international platforms we host provide opportunities to build partnerships that facilitate knowledge exchange, promote innovation, and deliver meaningful impact for both communities and markets,' she added. A milestone marking WAIPA's 30th anniversary The decision to host the 29th edition of the WIC in Sharjah holds particular importance as it coincides with the 30th anniversary of WAIPA. This milestone adds a commemorative element to the event, recognising three decades of advancing global investment and underscoring the critical role of investment promotion agencies in shaping both regional and international economic landscapes. His Excellency Mohamed Hassan Alsuwaidi, UAE Minister of Investment said: 'The World Investment Conference taking place in Sharjah reflects the UAE's enduring commitment to shaping the global investment agenda. As WAIPA marks its 30th anniversary, this collaboration highlights our shared ambition to deepen cross-border partnerships and drive inclusive, sustainable economic growth.' Commenting on the collaboration, H.E. Mohamed Juma Al Musharrkh highlighted that hosting global investment institutions in Sharjah will unlock a wide range of opportunities for local and regional business communities, facilitating greater access to expansive networks of cross-border partnerships. He stressed that the collaboration underscores Invest in Sharjah's ongoing commitment to equipping investors with the tools necessary for sustainable growth, while fostering a flexible and scalable development environment that adapts to evolving market dynamics and responds to both current opportunities and future challenges. In this context, Ismail Ersahin, Executive Director and CEO of WAIPA said 'Investment promotion agencies are the architects of global economic connectivity — they bridge nations, ideas and capital to generate lasting impact. As WAIPA marks its 30th anniversary, we are proud to bring the World Investment Conference to Sharjah,'. 'This conference is not just a celebration of WAIPA's legacy, but a platform for meaningful collaboration between the public and private sectors, where investors are matched with opportunities. Sharjah's hosting of WIC 2025 reflects its growing leadership in global investment discourse and its commitment to shaping the next era of responsible, resilient investment.' he added. Dr. James Zhan, Chairman of the Executive Board of the World Investment Conference emphasized that the Conference is set to take place at the right time, in the right location, and with the right partners. He highlighted Sharjah as a unique and strategic destination for foreign direct investment. As a regional leader in attracting FDI, the UAE continues to strengthen its position among the world's top 15 investment destinations. The World Investment Conference arrives at a pivotal moment. In the face of global economic uncertainty and market volatility, the Conference aims to address pressing challenges while exploring new opportunities. It will serve as a vital global forum—bringing together the international investment community to shape a forward-looking strategy. It will chart a new path for promoting sustainable investment and shared prosperity in the new era of global economy. Sharjah's status on the global investment stage By hosting this prestigious global forum in tandem with SIF 2025, Sharjah reaffirms its status as a strategic regional hub for high-quality, sustainable investment. It also reflects the advancement of a dynamic environment that fosters innovation, expansion, and cross-border partnerships within the UAE's markets. The emirate provides a forward-looking business environment that fosters innovation, cross-border collaboration, and growth; and has emerged as a model for competitive business ecosystems, underpinned by advanced infrastructure, progressive regulatory frameworks, and an economic vision grounded in diversity and sustainability. About Sharjah Investment Forum: Since 2015, Invest in Sharjah has organised the Sharjah Investment Forum, establishing it as a leading regional platform for tracking global investment trends, identifying opportunities within the sustainable economy, and aligning with the direction of international capital and markets. Over the years, the forum has attracted prominent decision-makers, experts, and global investors, facilitating strategic discussions that support the development priorities of Sharjah, the UAE, and the wider region. Its integration of WIC reflects a strategic approach to enhancing its impact, widening the scope of discussions, and fostering meaningful partnerships across sectors and borders. About World Investment Conference: Since its inception in 1995, WIC has been the flagship event of WAIPA, serving as a premier platform for dialogue on global investment trends. It brings together decision-makers, senior government officials, and international investors from over 100 countries to examine key economic developments that affect FDI flows and explore new avenues for global cooperation and economic integration. The agenda includes high-level plenary sessions, ministerial roundtables, ambassador-investor discussions, and networking activities that foster collaboration between the public and private sectors. Video link:
The National
28-04-2025
- Business
- The National
Abu Dhabi's IHC, ADQ and FAB to launch dirham-backed stablecoin
Abu Dhabi entities IHC, ADQ and First Abu Dhabi Bank plan to launch a new dirham-backed stablecoin, which will be fully regulated by the UAE Central Bank, aimed at easing payment solutions. The stablecoin will operate on the ADI blockchain and will be issued by FAB, the UAE's largest bank, subject to regulatory approval, a joint statement on Monday said. This digital currency 'will revolutionise the ease of making payments and doing business, both locally and globally', the companies said. It will be used as a 'reliable digital currency' by consumers, businesses and institutions and also support emerging digital use cases such as machine-to-machine and artificial intelligence, they said. 'The launch of the stablecoin marks a pivotal step in our commitment to strengthening the UAE's digital infrastructure ecosystem,' Mohamed Alsuwaidi, managing director and group chief executive of Abu Dhabi wealth fund ADQ, said. 'As we move forward towards an increasingly digital and connected economy, the stablecoin will provide a solution that is secure, efficient and scalable, while creating new opportunities for growth and value creation.' Stablecoins − which are pegged to a fiat currency − tend to be less volatile when compared to cryptocurrencies, such as Bitcoin. They are grounded being tied to a currency, or liquid reserves including government treasuries, or commodities such as precious metals. The UAE Central Bank began implementing its digital currency strategy, Digital Dirham in March 2023. Its regulation on stablecoins last year indicated that it was to establish a clear operational framework for cryptocurrencies when implemented. Abu Dhabi Global Market and Dubai's Virtual Assets Regulatory Authority already have frameworks in place for cryptocurrencies. To bolster the strategy, the central bank last month unveiled a new, digital-oriented dirham symbol. AE Coin, the first regulated digital currency in the UAE, was granted final approval by local authorities in December and was scheduled to be launched 'soon'. Tether, whose USDT is the world's biggest stablecoin, last August also received the go-ahead to develop a stablecoin in the UAE. The new stablecoin launched by IHC, ADQ and FAB is expected to 'have a significant impact on various industries, including finance, commerce, and trade', the companies said. The ADI blockchain, on which it will operate, has been developed in the UAE by the ADI Foundation, which will provide a compliant distribution network for blockchain payments. ADI Foundation has strategic partnerships with governments in over 20 countries. 'This new stablecoin represents a transformative step forward and will revolutionise the way both consumers and businesses engage with trusted blockchain payments in the UAE,' said Hana Al Rostamani, group chief executive of FAB.
The National
08-02-2025
- Business
- The National
Abu Dhabi's ADQ signs agreement to explore investment opportunities in Vietnam
Business Economy Partnership aims to deepen bilateral ties, says UAE Minister of Investment Mohamed Alsuwaidi
