'Next50' holds first meeting to promote UAE private sector growth

WAM

Investopia, in partnership with EMIR, an emerging market research specialist, held the first meeting of the ‘Next50’ initiative, which aims to promote dialogue and knowledge sharing among leading companies in the UAE, and stimulate investment in emerging sectors in the private sector.

The initiative comes under the umbrella of Investopia Communities, which brings together 50 founders and CEOs of UAE companies in finance, construction, tourism, services and other sectors. with combined revenues exceeding tens of billions, which represent success stories achieved by the private sector.

It provides them with a valuable platform to share experiences, explore opportunities for collaboration and partnerships, and review investment opportunities in new economy sectors in promising markets.

The meeting was held in the presence of Abdulla bin Touq Al Marri, Minister of Economy and Chairman of Investopia, Hadi Badri. CEO, Economic Development at Dubai Department of Economy, Dr. Jean Fares, CEO of Investopia, and Trevor McFarlane, CEO of EMIR.

Bin Touq said the initiative reflects Investopia's commitment to supporting the private sector in accordance with the UAE government’s efforts to enhance the competitiveness of leading companies that have achieved considerable growth in the UAE market.

The approach stems from the private sector’s key role in driving national economic growth, the need to provide an enabling environment for its success, and the strengthening of the business community’s capabilities in the light of the ‘We the UAE 2031’ vision.

He added that it opens up new prospects for cooperation, fostering continued dialogue between investors; facilitating knowledge exchange, financing, stimulating capital flows, and expansion of partnerships at local and global levels. The objectives align with Investopia's vision to encourage entrepreneurs to invest in new economic sectors, provide all growth enablers, explore promising investment opportunities, and to connect local businesses with their global counterparts.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.