Investopia, the global investment platform launched by the UAE government, announced a new partnership through signing a Memorandum of Understanding (MoU) with Emirates Development Bank, one of the key financial engines for the economic development and industrial advancement of the UAE.
Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia, witnessed the MoU signing during a ceremony held in Dubai on 6th February 2023.
The agreement was signed by Mohamed Naser Al Zaabi, CEO of Investopia, and Ahmed Mohamed Al Naqbi, Chief Executive Officer at Emirates Development Bank.
Under the terms of the MoU, this partnership establishes the foundation for a joint-collaboration between Investopia and Emirates Development Bank, which will see both entities leverage their core capabilities, to drive forward economic growth, diversification and industrial transformation in the new economies, in their capacities, as a leading financial institution, and as a global thought leadership and investment platform connecting opportunity with capital, respectively.
Commenting on the partnership, Al Zaabi said,
“Through this partnership, Investopia and EDB will collaborate to enrich the discussions in the new economies, mainly during Investopia annual conference in March 2023. There are many similar areas and sectors that both Investopia and EDB are focusing on such as technology and healthcare, and this would help Investopia’s investment community discuss and identify investment opportunities in vital sectors”.
Al Naqbi commented,
“Emirates Development Bank is pleased to have signed an MoU with Investopia. Investopia 2023 conference is a high-level strategic event, that gives participants the platform to engage with regional and global investors, government representatives and business leaders from all different industries. Our mission is to drive growth in a sustainable economy while also forming partnerships that will contribute to the economic growth and industrial advancement of the nation. We look forward to meeting with all our key stakeholders at the event and engaging in fruitful and productive discussions.”
Investopia global investment platform is one of the major strategic initiatives under the “Projects of the 50” announced by the UAE government in September 2021, and aims to enhance the exchange of global investment flows, in support of sectors of the new economy.
Investopia announced the second edition of its annual conference, which will be hosted in Abu Dhabi on 2nd-3rd March 2023, under the theme “Envisioning Opportunities in Times of Change”.
News Source: Emirates News Agency