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Dubai annual investment meeting opens with focus on emerging markets

Xinhua, March 30, 2015 Adjust font size:

The 5th edition of the Annual Investment Meeting (AIM) opened here on Monday to boost foreign direct investment (FDI) and global trade.

Under the topic of "sustainable development through FDI-induced innovation and technology transfer," the three-day meeting is attended by 68 ministers and thousands of delegates from over 140 countries.

Through the summit, the host country United Arab Emirates (UAE) also aims to strengthen its role as an investment hub linking Asia with Africa and the west.

Karl P. Sauvant, a senior fellow at the U.S. Columbia Center on sustainable investment, said in his speech that the decrease of the global FDI inflow in 2014 was mostly based on lower economic growth in Europe and the emerging markets, in particular in Asia, were outperforming in south-south investment last year.

Initiated by the UAE's Ministry of Economy, the AIM 2015 is the region's first emerging markets' FDI-focused event. Endit