Hamdan opens Is­lamic Econ­omy Sum­mit

The Gulf Today - Business - - FRONT PAGE -

DUBAI: Sheikh Hamdan Bin Mo­hammed Bin Rashid Al Mak­toum, Crown Prince of Dubai and Chair­man of Dubai Ex­ec­u­tive Coun­cil, of­fi­cially inau­gu­rated the Global Is­lamic Econ­omy Sum­mit 2018, GIES, the world’s largest fo­rum ded­i­cated to all as­pects of the Is­lamic econ­omy, which got un­der­way in Dubai ear­lier on Tues­day.

Held un­der the theme “A Shared Fu­ture”, the two-day sum­mit is fea­tur­ing more than 16 ses­sions, panel dis­cus­sion, speeches and pre­sen­ta­tions putting the spot­light on new trends and tech­nolo­gies that are re­shap­ing the global Is­lamic econ­omy, as well as key chal­lenges and growth op­por­tu­ni­ties.

Over 3,000 key de­ci­sion makers, pol­i­cy­mak­ers, busi­ness lead­ers and in­dus­try ex­perts from around the world are at­tend­ing the sum­mit.

In his key­note speech, Sul­tan bin Saeed Al Mansouri, Min­is­ter of Econ­omy and Chair­man of Dubai Is­lamic Econ­omy De­vel­op­ment Cen­tre, DIEDC, com­mended the trans­for­ma­tion of the Global Is­lamic Econ­omy Sum­mit over the years into a land­mark event that plays a key role in the de­vel­op­ment of the Is­lamic econ­omy, say­ing, “The plat­form presents an un­par­al­leled op­por­tu­nity for at­ten­dees to forge new part­ner­ships with the aim of ad­vanc­ing eco­nomic growth, fi­nan­cial se­cu­rity, and so­cial sta­bil­ity.

“As a re­sult of mod­ern tech­nol­ogy, such as blockchain, dig­i­tal cur­ren­cies, and ar­ti­fi­cial in­tel­li­gence, the dy­nam­ics of the global Is­lamic econ­omy have changed through the in­tro­duc­tion of new chal­lenges as well as op­por­tu­ni­ties. As the largest event of its kind on a global scale, the GIES 2018 is the most fit­ting plat­form to ad­dress these is­sues and present out­comes that high­light the ad­van­tages of the new eco­nomic re­al­ity,” Al Mansouri added.

He re­vealed that the con­tri­bu­tion of the Is­lamic econ­omy to Dubai’s GDP in­creased from 7.6 per cent in 2014 to 8.3 per cent in 2016, reg­is­ter­ing a growth rate of 14 per cent, adding that the UAE is com­mit­ted to boost­ing pro­duc­tive sec­tors and de­velop strate­gies that en­cour­age re­spon­si­ble in­vest­ment, en­trepreneur­ship and in­no­va­tion.

Speak­ing dur­ing open­ing cer­e­mony, Rus­tam Min­nikhanov, Pres­i­dent of Tatarstan, high­lighted the strong com­mit­ment of his coun­try to co­op­er­at­ing with the Dubai govern­ment to ad­vance the Is­lamic econ­omy.

“We co­op­er­ate closely with the Dubai Is­lamic Econ­omy De­vel­op­ment Cen­tre, espe­cially in the sphere of Halal life­style. This has be­come a main topic of the Kazan Sum­mit, which this year cel­e­brated its 10th an­niver­sary. The Kazan Sum­mit is an in­ter­na­tional eco­nomic fo­rum that ad­dresses the ma­jor is­sues of strength­en­ing re­la­tions be­tween Rus­sia and the Is­lamic world - it is my great plea­sure to wel­come you to the Kazan Sum­mit next year,” he said.

Sheikh Hamdan in­ter­acts with par­tic­i­pants dur­ing the open­ing ses­sion of the Global Is­lamic Econ­omy Sum­mit 2018 in Dubai on Tues­day.

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.