The promotion of Cyprus as an attractive investment and business destination, as well as a gateway to the European Union, was the primary focus of the Cyprus Investment Promotion Agency's (Invest Cyprus) participation in the UAE's flagship investment conference, the Annual Investment Meeting (AIM) 2024, held from May 7 to 9 in Abu Dhabi. The Invest Cyprus delegation's mission in the Middle East continued in Kuwait.

According to a press release, AIM is a premier event in the investment sector, attracting significant international investors and providing a platform for discussions on trends and opportunities in foreign direct investment. Invest Cyprus' participation in AIM is considered crucial for highlighting Cyprus as a reliable investment destination with a stable business environment and favorable tax regime.

During the mission, the CEO of Invest Cyprus, Marios Tannousis, held a series of important business meetings, working closely with Deputy Minister of Tourism Kostas Koumis, Cyprus' Ambassador to the UAE Meropi Christophi, and the Director of the Cyprus Trade Center in Dubai George Partasides, along with their respective teams.

These meetings focused on promoting investment opportunities in Cyprus and strengthening relationships with companies from the Middle East looking to expand into the EU, according to the press release.

The Invest Cyprus mission continued in Kuwait, where Mr. Tannousis was received by the Prime Minister of Kuwait, Sheikh Mohammed Sabah Al-Salem Al-Sabah, as a member of the governing committee of the World Association of Investment Promotion Agencies (WAIPA), in the presence of WAIPA CEO Ismail Ersahin and UNCTAD Director of Investment and Enterprise James Zhan. This meeting focused on investment opportunities and challenges in foreign direct investment, as well as the roadmap for attracting more investments to the region.

The Annual Investment Meeting is an initiative of the UAE Ministry of Economy designed to provide a framework for global exchange of views and experiences on the key principles underpinning international investment policies, strategies, and practices for sustainable development to achieve smart and inclusive global growth.