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48431
Mon, 03/02/2009 - 12:15
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https://oananews.org//node/48431
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Abu Dhabi DPE Hosts the 3rd Abu Dhabi Economic Forum 2009
Abu Dhabi, March 2, 2009 (WAM) - The third edition of Abu Dhabi Economic Forum (ADEF 2009), will kick off tomorrow at the Abu Dhabi Emirates Palace Hotel. The 2-day event is organized by Abu Dhabi Department of Planning and Economy (DPE) the in collaboration with Al-Iktissad Wal-Aamal (Business and Economics) Group and Abu Dhabi Chamber of Commerce and Industry, with the participation of more than 600 guests including a ministers of economy, finance, industry and oil, central bank governors, businessmen from a number of sisterly and friendly countries, international economic experts and senior government officials.
In its third convention, to be inaugurated by HE Nasser bin Ahmad Al-Suwaidi, Chairman of DPE, the Forum aims to acquaint delegates closely with one of the fastest growing economies in the Gulf and to offer a platform for interaction and exchange of views among economic policy makers, experts, leading business people and investors on the economic situation and the investment opportunities in the Emirate of Abu Dhabi and the UAE and the GCC region at large, thereby paving the way for creation of new economic and investment relations and enabling participants to share the latest information about business opportunities and contracting projects in Abu Dhabi.
This time the Forum comes about after Abu Dhabi Government had taken a set of appropriate measures ensure economic stability and sustainable development in Abu Dhabi, and formulated the Emirate's long-term economic vision (Abu Dhabi Vision 2030) to promote the economic diversification policy as a strategic goal, in order to shift away from heavy reliance on the oil and gas industry as the main sources of income to new sectors of production, dominated by the private sector, to which the government accords particular attention.
ADEF 2009 areas of primary focus are moulded on Abu Dhabi Government's Economic Vision, which aims to put the Emirate of Abu Dhabi among the best five governments in the world by transforming it into a vibrant global metropolis with a strong industrial base, that promotes innovation and fosters solid partnerships between the public and private sector, which in turn encourages greater participation of foreign investors and favour the transfer of knowledge and expertise.
The conference sheds light on the efforts made by Abu Dhabi to achieve steady economic growth and ensure sustainability of non-oil resources, the initial step in this regard being the launch of the Emirate's Economic Vision, which aims to boost the economy by enabling the private sector to play a key role in development and investment across all fields of the economic spectrum.
ADEF 2009 programme includes six working sessions, the first of which will deal with the future outlook and the investment opportunities as envisioned in the recently announced Abu Dhabi Economic Vision. The first session panellists include Abdulla Alahbabi, Director of Performance Management Division, Abu Dhabi Executive Council- General Secretariat, Mohammed Omar Abdullah, Undersecretary, Department of Planning '&' Economy, Fahad Saeed Alraqbani, Deputy General Manager, Abu Dhabi Council for Economic Development, Mohamed Rashed Al Hameli, Director General, Abu Dhabi Chamber of Commerce and Industry and Lawerence Franklin, Director of Strategy '&' Policy, Abu Dhabi Tourism Authority.
Session II will deal with the opportunities Abu Dhabi stands to take advantage of and the emirate's strategy for partnership with the world. It will review the strengths that would favour Abu Dhabi's diversification policy in the energy industry, basic industries and petrochemicals to explore ways of transforming the emirate's economy into a knowledge-based economy, enhancing its worldwide competitiveness and helping Abu Dhabi it build its niche in the global economy?. The second session speaker are: Maqita Al Ahbabi, Senior Coordinator - Project Development Strategy '&' Development, Abu Dhabi Ports Company, Mohamed Al Qamzi, Senior Vice President, Abu Dhabi Polymers Park, Abu Dhabi Basic Industries Corporation (ADBIC), Dr. Yousif Asfour, Director, The Injazat Institute, Mubarak Al Khafrah, Chairman, National Industrialization Company, KSA, Constantin Salameh, Chief Operating Officer, Emirates International Investment Company (EIIC).
Entitled Reshaping the World Financial Order, Session III looks into the lessons to be learned every day from the global crisis as efforts are being focused on fighting the potential of a prolonged recession and rebuilding the global financial system. The session panellists will be: Prof. Dr. Hellmut Schutte, Senior Affiliate Professor of Int'l Management, INSEAD, Dr. Abdullah El-Kuwaiz, Former Assistant Secretary General-Economic Affairs, The Cooperation Council for the Arab States of the Gulf, Brad Borland, Chief Economist, Jadwa Investment, KSA and Khalfan Al Kaabi, Chairman, Ascorp Holdings Session IV will focus on "Drivers for a New Real Estate Cycle" in view of the severe impact deposited by the global crisis on real estate in Abu Dhabi and the Gulf the significant slowdown in demand. This session panellists will be: Gurjit Singh, Chief Property Development Officer, Sorouh, Aldar, Dr. Hani Shamma, CEO, Bloom, Abdulla Al Shakra, Chairman, Al Hanoo Group, Saudi Arabia, Blair Hagkull, Managing Director, Jones Lang Lassalle and Salah Al Mayyal, Managing Director, Levant Holding, Kuwait Session will deal with post banking and financial markets and its characteristic tight liquidity, lower profitability and sagging confidence, panellists include: ADCB, Tom Healy, CEO, ADX, Dr. Giyas Gokkent, Chief Economist '&' Co-Head of Asset Management Group, National Bank of Abu Dhabi, Simon Williams, Chief Economist, Gulf Markets, HSBC Bank Middle East, Mohammed Ali Yasin, CEO, Shuaa Securities.
Session VI will focus will be entitled: "Investing in a Time of Crisis", the unstable markets and the continuing bout of bad economic news. The session panellists will be: Marios Moratheftis, Regional Head of Research, MENA '&' Pakistan, Standard Chartered Bank, Mohamed Jaber, Vice President, Morgan Stanley, Fahd Iqbal, Gulf Strategist, EFG-Hermes, and Magellan Makhlouf, Managing Director, Private Equity and Post Acquisition, Gulf Capital.
In its third convention, to be inaugurated by HE Nasser bin Ahmad Al-Suwaidi, Chairman of DPE, the Forum aims to acquaint delegates closely with one of the fastest growing economies in the Gulf and to offer a platform for interaction and exchange of views among economic policy makers, experts, leading business people and investors on the economic situation and the investment opportunities in the Emirate of Abu Dhabi and the UAE and the GCC region at large, thereby paving the way for creation of new economic and investment relations and enabling participants to share the latest information about business opportunities and contracting projects in Abu Dhabi.
This time the Forum comes about after Abu Dhabi Government had taken a set of appropriate measures ensure economic stability and sustainable development in Abu Dhabi, and formulated the Emirate's long-term economic vision (Abu Dhabi Vision 2030) to promote the economic diversification policy as a strategic goal, in order to shift away from heavy reliance on the oil and gas industry as the main sources of income to new sectors of production, dominated by the private sector, to which the government accords particular attention.
ADEF 2009 areas of primary focus are moulded on Abu Dhabi Government's Economic Vision, which aims to put the Emirate of Abu Dhabi among the best five governments in the world by transforming it into a vibrant global metropolis with a strong industrial base, that promotes innovation and fosters solid partnerships between the public and private sector, which in turn encourages greater participation of foreign investors and favour the transfer of knowledge and expertise.
The conference sheds light on the efforts made by Abu Dhabi to achieve steady economic growth and ensure sustainability of non-oil resources, the initial step in this regard being the launch of the Emirate's Economic Vision, which aims to boost the economy by enabling the private sector to play a key role in development and investment across all fields of the economic spectrum.
ADEF 2009 programme includes six working sessions, the first of which will deal with the future outlook and the investment opportunities as envisioned in the recently announced Abu Dhabi Economic Vision. The first session panellists include Abdulla Alahbabi, Director of Performance Management Division, Abu Dhabi Executive Council- General Secretariat, Mohammed Omar Abdullah, Undersecretary, Department of Planning '&' Economy, Fahad Saeed Alraqbani, Deputy General Manager, Abu Dhabi Council for Economic Development, Mohamed Rashed Al Hameli, Director General, Abu Dhabi Chamber of Commerce and Industry and Lawerence Franklin, Director of Strategy '&' Policy, Abu Dhabi Tourism Authority.
Session II will deal with the opportunities Abu Dhabi stands to take advantage of and the emirate's strategy for partnership with the world. It will review the strengths that would favour Abu Dhabi's diversification policy in the energy industry, basic industries and petrochemicals to explore ways of transforming the emirate's economy into a knowledge-based economy, enhancing its worldwide competitiveness and helping Abu Dhabi it build its niche in the global economy?. The second session speaker are: Maqita Al Ahbabi, Senior Coordinator - Project Development Strategy '&' Development, Abu Dhabi Ports Company, Mohamed Al Qamzi, Senior Vice President, Abu Dhabi Polymers Park, Abu Dhabi Basic Industries Corporation (ADBIC), Dr. Yousif Asfour, Director, The Injazat Institute, Mubarak Al Khafrah, Chairman, National Industrialization Company, KSA, Constantin Salameh, Chief Operating Officer, Emirates International Investment Company (EIIC).
Entitled Reshaping the World Financial Order, Session III looks into the lessons to be learned every day from the global crisis as efforts are being focused on fighting the potential of a prolonged recession and rebuilding the global financial system. The session panellists will be: Prof. Dr. Hellmut Schutte, Senior Affiliate Professor of Int'l Management, INSEAD, Dr. Abdullah El-Kuwaiz, Former Assistant Secretary General-Economic Affairs, The Cooperation Council for the Arab States of the Gulf, Brad Borland, Chief Economist, Jadwa Investment, KSA and Khalfan Al Kaabi, Chairman, Ascorp Holdings Session IV will focus on "Drivers for a New Real Estate Cycle" in view of the severe impact deposited by the global crisis on real estate in Abu Dhabi and the Gulf the significant slowdown in demand. This session panellists will be: Gurjit Singh, Chief Property Development Officer, Sorouh, Aldar, Dr. Hani Shamma, CEO, Bloom, Abdulla Al Shakra, Chairman, Al Hanoo Group, Saudi Arabia, Blair Hagkull, Managing Director, Jones Lang Lassalle and Salah Al Mayyal, Managing Director, Levant Holding, Kuwait Session will deal with post banking and financial markets and its characteristic tight liquidity, lower profitability and sagging confidence, panellists include: ADCB, Tom Healy, CEO, ADX, Dr. Giyas Gokkent, Chief Economist '&' Co-Head of Asset Management Group, National Bank of Abu Dhabi, Simon Williams, Chief Economist, Gulf Markets, HSBC Bank Middle East, Mohammed Ali Yasin, CEO, Shuaa Securities.
Session VI will focus will be entitled: "Investing in a Time of Crisis", the unstable markets and the continuing bout of bad economic news. The session panellists will be: Marios Moratheftis, Regional Head of Research, MENA '&' Pakistan, Standard Chartered Bank, Mohamed Jaber, Vice President, Morgan Stanley, Fahd Iqbal, Gulf Strategist, EFG-Hermes, and Magellan Makhlouf, Managing Director, Private Equity and Post Acquisition, Gulf Capital.
