Abu Dhabi Economic Delegation Showcases ‘Falcon Economy’ at World Economic Forum in Davos

Abu Dhabi, The Gulf Observer: Abu Dhabi Department of Economic Development (ADDED) spearheaded the official economic delegation of the Emirate at the 54th Annual Meeting of the World Economic Forum (WEF) in Davos-Klosters, Switzerland. The delegation, which included key entities like Abu Dhabi Global Market (ADGM), Abu Dhabi Investment Office (ADIO), Hub71, and Abu Dhabi Residence Office (ADRO), showcased the ‘Falcon Economy’ and its commitment to transformative strategies, steering towards a sustainable, green economy.
Led by ADDED, the delegation formed a robust platform representing economic powerhouses in Abu Dhabi. Over four days, they engaged in more than 50 bilateral meetings, fostering strategic relations and exploring business opportunities with global leaders. This participation underlines Abu Dhabi’s dedication to global economic conversations and collaborative efforts towards a sustainable future.
Ahmed Jasim Al Zaabi, Chairman of ADDED, emphasized the Emirate’s commitment to transforming into a ‘Green Falcon Economy’ through innovation and entrepreneurialism. Al Zaabi stated, “Our initiatives to enhance a globally competitive, entrepreneurial ecosystem are paying off, with foreign investments in Abu Dhabi witnessing a significant 9.7% increase.”
As part of the UAE’s largest delegation to the WEF, ADDED contributed to highlighting the nation’s initiatives to become a hub for global business, finance, trade, and innovation. Al Zaabi discussed the UAE’s role in bridging East and West by enhancing trade and investment flows and fostering regional economic integration through Comprehensive Economic Partnership Agreements.
Highlighting Abu Dhabi’s focus on becoming a regional hub for entrepreneurship, innovation, high-tech manufacturing, digital and automation, and finance, Al Zaabi outlined the Emirate’s future growth model, emphasizing the acceleration towards exporting goods, services, and innovations. The delegation’s active engagement affirms Abu Dhabi’s rising position as a global economic player and its commitment to a sustainable and prosperous future.