AIM Summit Dubai 2023, the much-anticipated event, has successfully wrapped up, solidifying its position as the foremost assembly for the global investment community. This prestigious conference welcomed an impressive gathering of over 800 leading economists, international thought leaders, and industry experts from more than 50 countries over two days. It received widespread acclaim for its insightful discussions, dynamic networking opportunities, and invaluable insights.
Raha Moradi, CEO of AIM Summit, remarked on the remarkable success of the conference, held in Dubai earlier in the week. She noted the unprecedented turnout of Limited Partners (LPs) and General Partners (GPs) at this year’s event, highlighting the continued interest in the region amid a slowing global economy. AIM Summit’s role in creating a global network and community for investors and managers in the world of alternative investments was underscored.
The conference commenced with a thought-provoking keynote address by H.E. Abdulla bin Touq Al-Marri, the UAE Minister of Economy. He discussed the UAE’s ambition to double its GDP to over 800 billion by the end of the decade, emphasizing the continuity of current policies. His Excellency highlighted the impressive 5.9% growth in non-oil GDP for the first half of 2023, demonstrating the UAE’s commitment to economic diversification.
Renowned economist, Dr. Mohamed El-Erian, shed light on the region’s increasing appeal, emphasizing that thriving regions in a world facing challenges tend to attract capital. He also highlighted two fundamental shifts in the world: changes in liquidity affecting both the cost and availability of capital and shifts in the balance between demand and supply. According to Dr. El-Erian, these changes are likely to persist for an extended period.
The conference featured other notable speakers, including Mike Novogratz, CEO & Founder of Galaxy, Badr Jafar, CEO of Crescent Enterprises, Staci Warden, CEO of Algorand Foundation, Anne Walsh, Managing Partner and Chief Investment Officer at Guggenheim Partners Investment Management, and Stephen Roach, Senior Fellow at the Paul Tsai China Center of the Yale Law School, who contributed their valuable insights and expertise.
Badr Jafar, who also serves as the COP28 Special Representative for Business & Philanthropy, stressed the importance of leveraging the COP28 Presidency to raise ambitions, establish a green agenda promoting social and economic progress, and drive necessary changes for the benefit of businesses, society, and the planet. He emphasized that a global investment of USD 4 trillion per year is needed to achieve net-zero emissions by 2050 and prevent temperatures from rising above 1.5 degrees Celsius.
Mike Novogratz, CEO & Founder of Galaxy, predicted that the SEC would approve a Bitcoin ETF in December but suggested that it might not begin trading until 2024. He underscored the significance of this development, as it could significantly expand the bitcoin market across all U.S. institutions.
Zachary Cefaratti, Founder of Dalma Capital, AIM Summit, and Venture Partner at Draper Associates, emphasized that Dubai’s emergence as a global financial center is mirrored in AIM Summit’s ability to deliver decisive insights, quality connections, and actionable market intelligence.
AIM Summit Dubai 2023 served as a powerful testament to the unwavering commitment of the investment community to adapt and explore new horizons within the ever-evolving financial landscape. This discussion will continue at AIM Summit London 2024, scheduled for April 29-30. For those interested in revisiting the discussions from AIM Summit Dubai 2023, recordings are available on AIM Summit’s YouTube channel.