Saturday 15 May 2021 - 12:51:32 am

National Index of Foreign Direct Investment executive team holds first meeting in Dubai


DUBAI, 7th March, 2017 (WAM) -- The Executive Team of the National Index (net flow of Foreign Direct Investment to GDP) held its first meeting today at the headquarters of the Ministry of Economy in Dubai.

The meeting was presided over by Juma Mohammed Al Kait, Assistant Under-Secretary for Foreign Trade Affairs and Head of the Executive Team, under the framework of the 2021 National Agenda executive teams that seek to draft national comprehensive work plans, to guarantee the achievement of the 2021 goals in implementation of the directives of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum.

The meeting was attended by team members from the Ministry of Foreign Affairs and International Co-operation, the Federal Competitiveness And Statistics Authority, the Abu Dhabi Economic Development Department, the Dubai FDI, part of the Department of Economic Development in Dubai and the Sharjah Investment and Development Authority (Shurooq).

In a statement to the press, the Ministry of Economy said that the executive team made a detailed presentation about the national index of Foreign Direct Investment, Net Flow of GDP. They discussed the index components, measurement mechanisms and official accredited sources of required information. The presentation included an economic analysis of historic information, actual index rates from the last three years and future forecasts up to 2021.

The statement highlighted two main options. The first includes initiatives that focus on statistics, gathering and scrutinising information, and publishing the data in reports from international organisations, according to suitable timeframes.

The second option focuses on the co-ordination between relevant national authorities, and establishing a range of short-term, medium-term and long-term initiatives to attract more foreign investments to the UAE and to achieve its 2021 goals.

Last October, His Highness Sheikh Mohammed bin Rashid directed the establishment of the national agenda executive teams, consisting of 550 officials that represent various sectors, to work on the achievements of 52 national indexes that measure the nation’s achievements in accomplishing social leadership, happiness and prosperity, within the framework of six national priorities that include health, education, economy, environment, infrastructure, society, security and justice.

WAM/tfaham