UAE Economic Prospects Forum 2014 to highlight UAE national economy developments

Abu Dhabi: The UAE Economic Prospects Forum 2014 is set to be launched next Monday at the Emirates Palace Hotel in Abu Dhabi. The Forum will be organised by Abu Dhabi Department of Economic Development and Dubai Economic Development in Abu Dhabi and Dubai. The Forum aims at reviewing the economic prospects of the UAE for the year 2014, in the light of the new developments and future expectations of the global economy; and will also address the most important economic developments and future prospects in Abu Dhabi and Dubai. The Forum will explore the most important lessons learned from international experiences in economic diversification, and the efforts of the State in opening new horizons for direct invest opportunities, in order to speed up the process of economic diversification in UAE. In his opening address Sultan Al Mansouri, Minister of Economy, will highlight the major economic developments in the UAE, in view of the projects undertaken in all Emirates. Nasser Ahmed Alsowaidi, Chairman of Abu Dhabi Department of Economic Development, will deliver a speech to shed light on the Emirate of Abu Dhabi's new phase of expansion and economic development, outlined by the vision of the leadership of the Emirate, and the Abu Dhabi Economic Vision 2030, which aims at shifting economy to a new phase of development based on knowledge. Sami Al Qamzi, Director General of the Dubai Department of Economic Development will deliver a speech to highlight the economic developments in Dubai and in the light of its promising development projects, which will contribute to attracting investment and promoting Dubai's position as a prominent trading and investment center in the region and the world. A number of government officials and elite of global and local economic experts and representatives of the business community and financial institutions will participate in the Forum, which will include two dialogue sessions. The first session will address the 2014 economic prospects of U.A.E, through presentations, which will be started by Dr. Farooq Iqbal; the Regional Director of the World Bank, who will concentrate on the global economic prospects as a reference for the UAE economy. Ms. Shorooq Al Zaabi, Head of the of Development Indicators and Future Studies Division at Abu Dhabi Department of Economic Development, will give a presentation on the economic prospects of the Emirate of Abu Dhabi in 2014. The session will include a presentation on the economic prospects of the Emirate of Dubai in 2014 to be delivered by Dr. Mohamed Lahlool, Chief Economist at Dubai Department of Economic Development, in addition to a presentation on the prospects for the development of the UAE economy in the light of global macroeconomic transformations, which will be given by Dr. Marios Maratheftis, Regional Director of Research at Standard Chartered Bank. The Forum will also includes a second session entitled "The Economic Diversity in UAE...Opportunities and Prospects " in which Dr Tan Khai Giap, Associate Professor and Director, Institute for Competitiveness, Chairman of the National Committee for Economic Cooperation Singapore, and Lee Kuan Yew School of Public Policy, will give a presentation on the "Lessons from the International Experience in Economic Diversity". This will followed by Dr. Al Hassan Jouaouine, Senior Advisor for International Economic Relations at Ministry Of Economy, with a presentation entitled "Strategy and Challenges of Economic Diversification in UAE". The session will include a presentation entitled "Towards a Future with more Economic Diversification in the Emirate of Abu Dhabi" by Mr. Ayman Makawi, Director General of the Industrial Development Bureau of Abu Dhabi Department of Economic Development. A special paper on "Expo-Dubai 2020 tilted" Will Expo - Dubai 2020 Enhance the Chances of Diversity for the Economy of the UAE?" Mr. Simon Williams, Chief Economist at the HSBC Bank will highlight the future of economic diversity and its effects on the promotion of FDI in the UAE The Forum will conclude with a final discussion session on the UAE's learnt lessons, the options of economic diversity in UAE, the management of external economic shocks and mitigation of its effects. - Emirates News Agency, WAM –