Event to highlight importance of innovation in economic development
United Arab Emirates, 25 March 2015: To help promote the UAE as an international investment hub, Emirates Global Aluminium (“EGA”) is participating in the Annual Investment Meeting (“AIM”) 2015 as Strategic Partner. The theme of this year’s AIM is ‘Sustainable Development through FDI Induced Innovation and Technology Transfer’ and will gather top academics, experts and practitioners to discuss the role that innovation plays in growth and development as well as how foreign direct investment (“FDI”) can contribute to strengthening economies in the long-term.
Focusing on innovation, performance and profitability while providing support for a broader aluminium cluster, EGA is committed to ensuring a lasting contribution to the UAE and global economies. As one of the world’s five largest aluminium producers, an internationally recognised developer of reduction technologies, and a significant contributor to the strategic diversification of the local economy, EGA is widely acknowledged as the UAE’s industrial flagship. The sustained growth and success of the business since its inception in 1979 is testament to the strong investment opportunities that exist in the UAE, as well as the country’s operating environment being conducive to business.
“The theme of this year’s AIM event draws several parallels with the overall vision of EGA. Innovation through technology development is a core principle at EGA; a principle that has enabled us to achieve a leading position in the aluminium industry globally and internationally,” said Abdulla Kalban (Managing Director & Chief Executive Officer at EGA). He continued, “The investment climate in the UAE is going from strength to strength across a range of sectors and we are pleased to partner with an event which highlights the UAE’s significance in the global business world.”
As part of EGA’s involvement in AIM 2015, members of EGA’s executive management team will participate in key panel discussions alongside international speakers. Dr Ali Al Zarouni (Vice President: Jebel Ali Operations at EGA) will explore the strategies that corporations can adopt to attract FDI and integrate global knowledge networks in a discussion entitled ‘Innovation in the global factory – the role of global value led by the OECD’. With 24 years’ experience in the industry, he is well-versed in the challenges of innovation in aluminium smelting; the innovation cycle followed by EGA; and the EGA’s long-term partnerships with universities, academia and experts within the UAE and internationally. In its role as Strategic Partner, EGA will host delegates at an exhibition stand at AIM 2015 that will showcase the EGA’s achievements in research and development and provide further insight into how innovative practices have enabled the sustained success of the business. AIM 2015 takes place from 29 March to 1 April at the Dubai International Convention and Exhibition Centre.