Serrari Group

The Annual Investment Congress (AIM Congress 2024) in Abu Dhabi from May 7-9 brought together over 12,427 participants from 179 countries, including more than 100 ministers, mayors, and central bank governors. This year’s congress focused on the significant potential and global economic implications of BRICS expansion.

TV BRICS, the event’s media partner, highlighted key discussions on how the growth of BRICS—comprising Brazil, Russia, India, China, and South Africa—could reshape the global economic landscape. With the UAE’s recent entry into the BRICS group, new avenues for economic cooperation and market opportunities have emerged.

Dawood Al Shezawi, President of AIM Global Foundation, noted the opportunities for Arab nations within the BRICS framework. “The BRICS expansion is unlocking new markets for Arab countries, fostering economic growth and collaboration,” Al Shezawi said. He emphasized the economic potential of BRICS nations as prime areas for Arab investments.

Sergey Cheremin, Head of the Department for External Economic and International Relations of Moscow, shared insights on the future direction of BRICS. He mentioned discussions around a possible BRICS currency and the development of significant logistics routes, including China’s “One Belt, One Road” initiative and Russia’s Northern Sea Route and North-South transport corridor. “These developments will enhance global trade efficiency,” Cheremin commented.

The congress featured 412 sessions with over 927 speakers, exploring investment trends and sustainable growth opportunities. Additionally, an exhibition showcased 352 innovative products and technologies from 71 countries, highlighting the importance of innovation in economic development.

The UAE’s official membership in BRICS and the inclusion of the Emirates News Agency (WAM) in the TV BRICS International Media Network demonstrate the UAE’s commitment to global economic integration and media collaboration.

The AIM Congress 2024 provided a platform for comprehensive discussions on BRICS expansion and set a forward-looking agenda aligned with global economic trends and sustainability goals. The UAE’s involvement in BRICS positions it as a significant player in shaping the future of international economic relations.

Photo source: Google

By: Montel Kamau

Serrari Financial Analyst

16th May, 2024

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