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Dubai consolidates its position on the global investment map, working with the Web Summit


(Source: MENAFN – Al-Bayan) Source: Date: 8 November 2018

The Dubai Investment Development Corporation (DEDI), one of the Dubai's economic institutions, organized the Dubai Advantage Team # participation in the "New Business Summit" in Portugal.

Within the framework of his Housing Directives, UAE Vice-President, Prime Minister of UAE and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, attracts the best international and emerging companies that want to create and disseminate knowledge and technology to work and develop in the Dubai. The "Web Summit" was opened on November 5 in Portugal's capital, Lisbon, and ends today.

70,000 participants and more than 2500 international and emerging companies, investors and entrepreneurs attend the largest merger of world technologies. The event included an exhibition and more than 24 specialized conferences, as well as numerous events for the development of the business environment of young businesses and their contribution to sustainable economic growth.

He took part in the Dubai Advantage team with Dubai Investment Development Executive Director Fahad Al Gergawi, Abdul Baset Al Janahi, Executive Director of Small and Medium Business Mohammed Bin Rashid, Ahmed Bin Sulayem, Chief Executive Officer at Dubai's many Commodity Chambers, and Ammar Al Malik, Dubai Internet, Yousuf Lootah Dubai Tourism and Commerce Department, Investment Director.

Saeed Ghabash, DEWA Projects and Investment Director Fatima Farhan, Karen Gabriel, Dubai Future Foundation Mohamed Hamdi, Deputy Governor of Dubai Investing Development Corporation Hassan Mahalla, Walid Marhoun, Khalid Al-Boum, Dubai Investment Development.

Fahd Al-Gergawi emphasized the importance of the Dubai Advantage Team's initiative, which includes an integrated government agency and a free zone team, to promote FDI's contribution to the future economy, building on knowledge, sustainability and competitiveness. He pointed out that the partnership with the "Web Summit strengthens the status of UAE and the Dubai emirate, in particular the card of the global business economy". He pointed to the growing interest in setting up multinational companies in Dubai, where the fund received more than 150 applications on the Dubai e-Mazaya website and on the first day of growth in the emirate conference.



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