Dubai, United Arab Emirates – The World Government Summit Foundation and the International Finance Corporation have launched a new phase in their positive partnership.
Under it, cooperation takes place in organizing joint initiatives in the UAE and around the world.
This was done through a memorandum of understanding signed by Omar Sultan Al Ulama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Vice President of the World Government Summit, and Mukhtar Diop, Director General of the International Finance Corporation.
The memorandum was signed in the presence of Mohammed bin Hadi Al-Husseini, Minister of State for Financial Affairs, and Mohammed Yousef Al-Sharhan, Director of the World Government Summit Foundation.
The memorandum aims to consolidate strategic cooperation between the two sides and expand its scope to include new projects and initiatives.
The most important of these is organizing an annual investment forum during the World Government Summit, bringing together sector leaders, entrepreneurs, and decision-makers.
It also focuses each year on a specific continent or region, highlighting investment opportunities and promoting global cooperation.
Omar Sultan Al-Ulama stressed that the new memorandum of understanding represents an extension of a fruitful strategic partnership between the World Government Summit and the International Finance Corporation, the focus of which is creating future opportunities for countries and economies.
This is achieved by exploring promising areas and harnessing the potential to enhance development, advance societies, and create a better future for future generations.
For his part, Mokhtar Diop stressed that this partnership comes as an extension of the ongoing cooperation between the International Finance Corporation and the World Government Summit.
With the aim of transforming shared ideas into real investments by linking capital to opportunities.
He pointed out that its goal is to build new investment corridors between the Gulf Cooperation Council countries and emerging markets.
Starting from Latin America and the Caribbean, it later expanded towards Africa, Asia and other regions.
The memorandum of understanding aims to expand cooperation between the World Summit of Governments Foundation and international financial institutions to include new areas, and builds on the successful partnership between the two sides.
By launching new initiatives and projects, exchanging experiences and knowledge, and sharing best practices in supporting sustainable investments.
