"UAE for investors abroad" Adopts a new strategic vision and corporate identity
Abu Dhabi, October 21 / WAM / The Emirates Council for Overseas Investors has adopted a new strategic vision, which includes a new bylaw, a revised governance structure, and an updated institutional identity, which strengthens the Council’s mission to direct and support Emirati investments abroad and align them with the UAE’s economic agenda.
This came during a meeting of the Board of Directors of the Council, chaired by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade and Chairman of the Emirates Investors Council Abroad.
The Council’s new vision, as well as its institutional identity, enhances efforts to develop a coherent and collective strategy for Emirati investments abroad.
The newly expanded missions of the UAE Council for Overseas Investors include building a membership base that fully represents the UAE investment community, protecting the investments of UAE institutions abroad through proactive support, facilitating investment abroad through a cooperative approach between the government and private sectors, and providing a major center for exchanging market information, including exchanging best practices and mapping risks in countries.
His Excellency Dr. Thani bin Ahmed Al Zeyoudi stressed that the new strategic vision and corporate identity of the Emirates Council for Overseas Investors is an important step towards achieving the Council’s mission of promoting Emirati investments abroad.
His Excellency said that the Emirates Council for Overseas Investors has always played a pivotal role in strengthening the national economy by supporting Emirati investors in their quest to benefit from opportunities around the world, and through its new strategy and review of its governance structure, the Council will be able to identify regions, countries and projects with high potential, mobilize capital from the government and private sectors, and protect these investments by building strong relationships between governments. These steps ensure that The Council’s mission is more aligned with the country’s economic agenda, and better able to support our efforts at economic diversification, and in conjunction with its new corporate identity, this represents a new chapter for the Council and the investment community in the UAE.
One of the main initiatives launched during the Board of Directors meeting was the development of a comprehensive database for all UAE investments abroad, which will provide a more accurate picture of the geographic scope, industrial sector, and assets achieved, and thus contribute to determining the country’s investment priorities.
The Board of Directors also approved a new governance structure, consisting of a Board of Directors, a CEO, and executive management, which aims to enhance the flexibility and responsiveness of the Emirates Council to investors abroad.
Council members will be drawn from the government, government-owned companies, and the private sector, each of whom will hold their positions for specific terms, to provide a more collaborative and representative platform for the country’s investment community, from sovereign wealth funds to private sector institutions.
It is noteworthy that the Emirates Council for Investors Abroad was established in 2009, and has emerged as a vital platform for unifying the efforts of the government and private sectors in the UAE.
With its clear vision to protect the interests of Emirati companies and investments in more than 90 countries, the Council’s renewed focus and strategic direction will provide significant support to current and future Emirati investments on the global stage.
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