The World Investment Forum is organized biennually and gathers over 4,000 investment stakeholders from 160 countries. It provides a platform where participants can meet to devise strategies and solutions for global investment challenges. Aside from attracting investment location experts, the Forum also hosts high-level participants including Heads of State and Government, ministers, global company executives, investment treaty negotiators, parliamentarians, scholars and the media.
Seychelles Investment Board (SIB) together with over 25 other Investment Promotion Agencies (IPAs) from Asia, Africa and Middle East, took part in the World Investment Forum held at the United Nations (UN) Headquarters – Palais Des Nations in Geneva, Switzerland from 22nd to 26th October 2018. The theme for this year was ‘Investing in Sustainable Development’, with a look at how investments can attain sustainable development goals.
Representing Seychelles were SIB’s Deputy CEO, and a member from the Investment Analyst team, and Marketing team. At the Investment Village, SIB set up a stand and was able to promote investment in the main sectors of tourism, fisheries, real estate, financial services, technology and agriculture. Potential investors visiting the stand showed particular interest in the Blue Economy, financial services, renewable energy and tourism.
Further to promoting Seychelles at their stand, the SIB members were able to attend forums and discussions such as Talking Business Africa, Investment Digital Economy and Block chains for Sustainable Development. A main point of discussion was the fact that Global FDI flow fell by 23% in 2017, mostly due to the global political climate. Dialogues centered on current investment trends, investment policies and incentives to regain global investor confidence, and hence improve global FDI.
SIB also attended the IPA summit over three days which allowed participating countries to discuss on topics such as how investments can bring about employment, as well as challenges faced and the ways forward.