Dubai FDI explores Industry 4.0 & innovation during ‘Impact FDI Forum’ in partnership with Dubai Future Foundation
Dubai FDI, the investment development agency of Dubai Economy, and the Dubai Future Foundation successfully held the ‘Impact FDI Forum’ yesterday (October 1, 2019) at the EY Wavespace in Emirates Towers, with the theme ‘Innovation for a Sustainable Future’. The forum which was held on the sidelines of the Dubai Investment Week 2019.
The annual forum is part of a program of the Hamdan Centre for the Future of Investment (HCFI), a global initiative of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council, focused on helping stakeholders transform the targets of the “Sustainable Development Goals” (SFGs) into attractive opportunities for investors and entrepreneurs worldwide.
Khalfan Belhoul, CEO of Dubai Future Foundation, welcomed the participants which include leading global investors, financial institutions, research centers, consulting firms and FDI professionals, and thought leaders. He highlighted the importance of discussing and sharing of knowledge and expertise to enable stakeholders initiate strategic frameworks and tools, as well as gain new insights that could enhance the contribution of foreign direct investment (FDI) in achieving sustainable development.
The ‘Impact FDI Forum’ featured a presentation by Henrik von Scheel, originator of the Industry 4.0, who discussed the various aspects of Industry 4.0, from the factory to the city.
Fahad Al Gergawi, CEO, Dubai FDI, said: “Our partnership with the Dubai Future Foundation brought us new opportunities to examine the role of government and corporate venture capital in accelerating innovation to meet the needs of a sustainable future. With the unprecedented technological developments happening around the world, Dubai is strategically positioned as an ideal test-bed for innovation using the latest technologies such as Artificial Intelligence, robotics, automation and digital transformation, as it proactively integrates these technologies in government strategies in line with the goal to become the city of the future.”
A panel of experts which include Al Gergawi, von Scheel, Maha Al Mezaina, Head of Area 2071, Dubai Future Foundation; and Bostjan Skalar, Executive Director, World Association for Investment Promotion Agencies, discussed the theme further and how innovation will have an impact on FDI. An open discussion followed through focused on the role of corporate venture capital in shaping the city of the future.
In line with the “Hamdan Center for the Future of Investment” mission, Impact FDI Forum effectively provided the platform for investors to better understand how technologies fit into the growing innovation culture and entrepreneurship ecosystem in the emirate. It also opened networking opportunities to explore local, regional and global partnerships as well as possibilities to build capacity in research, project development and deal flows. It also presented key possibilities in creating a marketplace for SDG-oriented FDI projects