Sunday 16 June 2024

Abu Dhabi

'Next50’ initiative to fuel growth of UAE’s private sector companies

ABU DHABI, 19 days ago

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, a report said.

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, Emirates News Agency, WAM, said.

The Next50 initiative launched by Investopia in its third edition 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.

Their combined revenues exceed tens of billions, which represent success stories achieved by the private sector.

The initiative 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.

Bin Touq said that the Next50 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.

He added that the ‘Next50’ initiative 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.



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