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RAK to host Global Arab Business Meeting in September 2010

WAM - Emirates News Agency, 10 March 2010


Ras Al Khaimah, 10 March 2010 -- RAK Investment Authority (RAKIA) the government body responsible for attracting foreign direct investment for the Government of Ras Al Khaimah and Horasis, an International Swiss Organisation from Geneva, will jointly host the inaugural Global Arab Business Meeting in Ras Al Khaimah on September 26- 27, 2010.

The Global Arab Business Meeting aims to be the foremost annual gathering of Arab business leaders and their global counterparts. The meeting shall help to conceptualize Arab firm's rise to global eminence. The event is open to CEOs of the world's leading companies.

Speaking at a press conference held to announce the event at the Al Hamra Fort Hotel here yesterday, Dr. Khater Massaad, CEO, RAK Investment Authority, said, "The Global Arab Business meeting shall integrate the top decision-makers from all sectors of Arab and global economies, aimed at finding strategies to expanding the operations outside their region and RAKIA is delighted to co-host the Global Arab Business Meeting. The meeting will also be a platform for the business leaders from across the world to exchange their views and understand the business dynamics of the region especially of Ras Al Khaimah".

Dr. Massaad said that UAE and Ras Al Khaimah have solid competitive advantages unmatched in the region to support growth and attract investments. He said that even amidst the global financial crisis, there has been a steady increase in the number of companies registered under RAKIA, with around 2700 companies registered so far with an estimated investment of USD 3 billion.

Dr. Frank-Juergen Richter, President, Horasis, said, "The meeting will bring together around 300 CEOs from across the world, including those of Fortune 1000 companies and prominent business leaders from across the Arab region. It will provide an exceptional platform to address challenges and opportunities for the Arab world. Arab business leaders will get an opportunity to exchange ideas on how to build global brands and expand their businesses beyond the region".

He said that the business leaders who would participate in the meeting as co- chairs would be Esko Aho, Former Prime Minister of Finland and Executive Vice President, Nokia, Abdulla Al Awar, Chief Executive Officer, Dubai International Financial Centre, Akil Beshir, Chairman, Telecom Egypt, Daniel J. Brutto, President, UPS International, USA, Bertrand Collomb, Honorary Chairman, Lafarge, France, Mohamed Elmandjra, Chief Executive Officer, Meditel, Morocco, Tidu Maini, Executive Chairman, Qatar Science '&' Technology Park, Munir Majid, Chairman, Malaysia Airlines, Saeb Nahas, Chairman, Nahas Enterprises Group, Syria and Tarek Sultan, Chairman, Agility Logistics, Kuwait.

The programme for the Global Arab Business Meeting is designed not only to discuss the impact of the crisis on the Arab world, but also consider how the regions robust economies can contribute to a global recovery.

The Global Arab Business meeting will be held in the newly built Al Hamra Palace Hotel in Jazzera Al Hamra. Horasis already hosts regional meetings focusing on China, India and Russia.


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