ID :
185962
Wed, 06/01/2011 - 22:15
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Shortlink :
https://www.oananews.org//node/185962
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Qatar to Host 5th MENA Investment Forum on Oct.2nd
Doha (QNA) - The 5th Annual MENA Investment Management Forum will be held here in Doha on October 2-6, the Qatar Financial Centre Authority (QFCA) announced Wednesday.
Qatar will host for the first time this flagship conference previously known as FundForum Middle East. It will offer Qatari financial service companies the opportunity to interact with their peers from the region, to discuss the trends, opportunities and challenges facing the industry.
HE the Minister of Economy and Finance Yousef Hussain Kamal will open the Forum, the QFCA said in a media statement today.
Over the last four years, the summit and convention have attracted leading financial and investment experts from firms operating across the GCC. It is the premier event for the asset management industry.
Acting Chief Executive Officer of the QFC Authority Shashank Srivastava said, "The MENA Investment Management Forum coming here is further recognition of Qatar becoming the regional centre for the asset management industry. Supported by one of the fastest growing economies in the world, high levels of institutional and retail wealth and an increasing breadth and depth of investible assets, Qatar is able to provide investment managers emerging market returns at developed market risk levels."
When the first FundForum Middle East was held in 2007 ,regional onshore assets under management were estimated at US$57 billion, with much of the management undertaken by international companies. With the repatriation of funds and the growth in the regional investment management providers, assets under management are expected to be over US$100 billion by 2012 (Cerulli Associates).
"The recent Global Financial Centres Index, produced by the Z/Yen Group, shows that Qatar continues to increase its ranking as a financial centre, at a time when other regional markets have declined. Asset managers are looking to do business across the region, and the Middle East Investment Management Forum in Qatar will provide a great platform for them to grow their business," added Srivastava.
The ICBI has recognised that Qatar with its world class financial infrastructure is at the centre of this growth, which was a key driver for moving the forum to Doha.
Qatar will host for the first time this flagship conference previously known as FundForum Middle East. It will offer Qatari financial service companies the opportunity to interact with their peers from the region, to discuss the trends, opportunities and challenges facing the industry.
HE the Minister of Economy and Finance Yousef Hussain Kamal will open the Forum, the QFCA said in a media statement today.
Over the last four years, the summit and convention have attracted leading financial and investment experts from firms operating across the GCC. It is the premier event for the asset management industry.
Acting Chief Executive Officer of the QFC Authority Shashank Srivastava said, "The MENA Investment Management Forum coming here is further recognition of Qatar becoming the regional centre for the asset management industry. Supported by one of the fastest growing economies in the world, high levels of institutional and retail wealth and an increasing breadth and depth of investible assets, Qatar is able to provide investment managers emerging market returns at developed market risk levels."
When the first FundForum Middle East was held in 2007 ,regional onshore assets under management were estimated at US$57 billion, with much of the management undertaken by international companies. With the repatriation of funds and the growth in the regional investment management providers, assets under management are expected to be over US$100 billion by 2012 (Cerulli Associates).
"The recent Global Financial Centres Index, produced by the Z/Yen Group, shows that Qatar continues to increase its ranking as a financial centre, at a time when other regional markets have declined. Asset managers are looking to do business across the region, and the Middle East Investment Management Forum in Qatar will provide a great platform for them to grow their business," added Srivastava.
The ICBI has recognised that Qatar with its world class financial infrastructure is at the centre of this growth, which was a key driver for moving the forum to Doha.
