‘World Association Of Investment Promotion Agencies’ (WAIPA) Announces The UAE As Vice President

The World Association of Investment Promotion Agencies (WAIPA) has announced the UAE as its Vice President. Fahad Al Gergawi, CEO of the Dubai Investment Development Agency (Dubai FDI) in Dubai Economy, will serve as the WAIPA Vice President from the UAE for 2017-2019. The announcement came after the Executive Committee meeting of WAIPA held in Dubai alongside the ‘World Investment Conference (WIC17),’ a two-day forum hosted by Dubai FDI, 27-28 November.

Expressing his appreciation to WAIPA members over his new assignment, Al Gergawi pointed out that the UAE and Dubai play a vital role in investment promotion and support to sustainable economic development globally. He also emphasised Dubai’s advantages as a future city, a regional gateway and a global investment hub that supports the role of foreign direct investment (FDI) in achieving the Sustainable Development Goals (SDGs).

WAIPA currently has 170 IPAs from 130 countries as members and the association works closely with international organisations such as UNCTAD, UNIDO, OECD, ILO, IEDC, ICC and the World Bank as well as key opinion formers. Dubai FDI represents the Middle East and North Africa in the WAIPA Executive Committee.

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