Project Financing Into Growth Sectors Key Agenda In Abu Dhabi Economic Vision 2030

Abu Dhabi Conference 2009 to explore multi-industry prospects, trends & strategies for global financial institutions

International banking and financial institutions will be introduced to numerous investment prospects within Abu Dhabi’s diverse economy during the 2009 Abu Dhabi Conference to be held from November 10 to 12, 2009 at the Emirates Palace Hotel in Abu Dhabi. Organised by the Abu Dhabi Department of Economic Development (DED) in coordination with MEED Events, the Conference will serve as a business networking platform complementing Abu Dhabi Economic Vision 2030, a series of continuous reform programmes aimed at diversifying the Emirate’s economic base.

Prominent figures within diverse economic sectors will lead discussions and debates on project finance challenges, opportunities and strategies across key sectors such as oil and gas, power and water, real estate, aviation, transport, tourism, financial services and manufacturing during Abu Dhabi Conference 2009.

“Abu Dhabi’s long-term success strategy involves a comprehensive vision of a diverse economy outside its core energy sector. Developments into infrastructure and industrial projects are key to Abu Dhabi’s economic diversification and will be underpinned by its development of the already strong energy sector by introducing gas production. This kind of business environment offers various investment opportunities to financial service providers,” said Edmund O’Sullivan, Chairman, MEED Events.

“Abu Dhabi conference will be an opportunity to highlight our strategic economic priorities, and to emphasize on the economic direction of the Emirate within the vision 2030. It will send a clear message about the resilience of our economy, in the context of prudent business as usual”, according to Mohamed Omar Abdulla, Undersecretary, Abu Dhabi Department of Economic Development.

Abu Dhabi Conference 2009 will feature various panel sessions, presentations, discussions, interactive debates and informal meetings with over 50 speakers who will provide valuable insights on business trends and strategies .aiming at enhancing the performance of critical business sectors such as domestic banking, a fundamental component of Economic Vision 2030. Experts will review the state of Abu Dhabi’s banking and finance industry as well as local investment strategies already in place to transform the emirate into a regional financial services hub benefiting from international standards and best practices .,.

“We welcome the additional help of the regional and international financial services sector in further diversifying Abu Dhabi’s economic activities. This present period of correction has allowed our industries to redirect their business vision and reorganise for further growth. Abu Dhabi Conference 2009 will provide an excellent vehicle for the emirate’s potential partners to determine the right investments and the right approaches to securing them,” added Rashed Al Baloushi, Deputy CEO, Abu Dhabi Securities Exchange.

“The global financial community recognizes that the downturn has also opened up opportunities in more resilient economies such as the UAE. We are joining this conference because we are impressed by Abu Dhabi’s diversified approach to growth and would like to gain a strategic position in its lucrative projects sector,” concluded Moriyuki Aida, Chief Representative, Japan Bank for International Cooperation.

The 2008 edition of the Conference welcomed over 350 prominent regional and international government and business personalities while more than 400 attendees are expected this year, around 65 per cent of who will be senior-level executives. This year’s Conference will comprise six specialized networking events, two interactive master classes, and a new VIP breakfast meeting.

The Abu Dhabi Conference 2009 will be supported by the Department of Economic Development – Abu Dhabi, with Abu Dhabi Water & Electricity Authority (ADWEA) as Associate Sponsor; HSBC as Gold Sponsor; Emirates International Investment Company (EIIC) and Metito as Silver Sponsors; Orient Planet as PR Partner and CNBC as Official Arabic Broadcaster. In addition, supporting organisations include British Embassy UKTI, American Business Group and Royal Institution of Chartered Surveyors.
 

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