Business summit in Dubai to focus on global economic growth

LONDON, Jan 29 : A two-day summit involving government and business leaders is to take place next month in Dubai to explore fresh opportunities for global economic growth. The February 4-5 event has been jointly organised by the Commonwealth Business Council and Dubai Group, the leading diversified financial services company of Dubai Holding. The Summit is themed ‘The Commonwealth in Dubai - driving trade and investment through the Middle East’. It will examine the role of Dubai and the Middle East region in promoting economic development, and will bring together high profile delegates from all over the world. The high-profile international gathering will draw active participation from other senior representatives of governments and businesses in Asia, the Middle East, Africa, and the Americas, to explore avenues leading to increased collaboration. Spokesman of the Commonwealth Business Council said on Thursday the summit will address how emerging markets can increase investment inflows, trade and capacity in sectors that allow them to create a sustainable competitive advantage. ‘The Commonwealth is an influential economic bloc accounting for over 20 per cent of global trade, and this initiative will look at expanding ties with the Gulf region and Arab world,’ said CEO, CBC Dr.Mohan Kaul. He added that the participation of so many senior government and private sector leaders indicates the importance the Forum has given to exploring new business partnerships. It will also address the subject of financing for infrastructure development, as well as key issues or resource mobilisation, managing food price rises and the role of business in supporting the United Nations Millennium Development Goals (MDGS) Call to Action. According to Dr.Kaul, the Commonwealth Business Council works towards removing trade barriers, mobilising investment into Commonwealth countries, fostering a good environment for business and investment, promoting good practice in corporate governance and corporate citizenship, and facilitating the engagement of the private sector.

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