WAIPAWorld Association of Investment Promotion Agencies
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We suggested WAIPA selected ystanbul as their new headquarters and they have reacted positively to this suggestion.
At WAIPA we encourage governments to open up to innovative thinking and take bold steps so they remain competitive in the global marketplace for investment projects," stated His Excellency Alessandro Teixeira, President of WAIPA and Deputy Minister for Development, Industry and Foreign Trade, Brazil.
Dubai is unique in that the development vision and policies in the emirate is founded on promoting free enterprise and investment," said Fahad Al Gergawi, chief executive officer of Dubai FDI, and MENA regional director of WAIPA.
During the event, Teixeira will preside over a WAIPA panel discussion (May 10th, from 10.
Alessandro Teixeira, WAIPA President and Head of Apex Brasil, Brazil's trade and investment promotion agency, said: "WAIPA's MENA forum is very timely given the rising global confidence in the commencement of worldwide economic recovery this year.
As we look to cement our status as a leading investment destination it is important to host events that foster innovation and long term relationships,' said Fahad Al Gergawi, Chief Executive Officer of Dubai FDI who is also the Middle East and North Africa Regional Director of WAIPA.
But most participants at the WAIPA Conference agreed that the crisis will again limit overseas investments from mature countries.
FIO, an agency of Dubai Department of Economic Development (DED), said the selection to the WAIPA steering committee was done in view of its leadership role in promoting foreign direct investment in Dubai.
The election was held at the WAIPA General assembly during WAIPAs World Investment Conference 2010 in Buenos Aires, Argentina and representatives from almost all countries voted for the candidacy represented by PBIT to show their support for regional IPAs in developing countries.
During the meeting, WAIPA members, international organisations and multinational companies from many countries are expected to discuss critical issues concerning the investment environment and the challenges faced by investment promotion agencies in the MENA region.
The ISPAT President received all votes cast by the 14-member WAIPA Steering Committee at the committee meeting held in Cape Town, South Africa.