The World Investment Forum 2023 will be held by the UN Conference on Trade and Development (UNCTAD). This Conference is being held to muster investments for climate action, clean energy, health care, food security and other development needs.
According to a report generated, more than 50 government ministers, over 150 CEOs of leading companies and stock exchanges, and thousands of investment stakeholders – from sovereign wealth fund managers and investment treaty negotiators to heads of international organizations – will participate in more than 130 events co-organized with over 80 partners.
UNCTAD Secretary-General Rebeca Grynspan said, “As the world faces multiple crises, we urgently need investment stakeholders worldwide to ignite action, unlock more funds and channel them to vital sectors key to reducing the effects of these crises.”
According to UNCTAD’s World Investment Report 2023, overlapping crises such as the war in Ukraine, high food and energy prices and debt pressures led to a 12% decline in global foreign direct investment in 2022.
Dr. Thani Al Zeyoudi, minister of state for foreign trade in the United Arab Emirates (UAE), said UNCTAD can play a major role in addressing and ultimately mitigating these interlocking issues.
“It is an undeniably challenging moment for the global economy, and for the economies of the Global South in particular. As we confront the triple shocks of inflation, geopolitical uncertainty and climate change, balancing prosperity and sustainability requires a combination of innovation, investment and, perhaps above all, will,” Dr. Al Zeyoudi said.
More than 7,000 stakeholders from 160 countries will convene in Abu Dhabi from 16 to 20 October to revitalize global investment flows across critical sectors.
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