Manama: More than 700 delegates will attend the Global Islamic Investment Gateway (GIIG) which will be held on 2nd March in Bahrain. The forum is being organised by the Economic Development Board (EDB), the Jeddah-based Islamic Development Bank (IDB) and Thomson Reuters.
The conference will be held at the Gulf Hotel between the 2nd and 3rd of March, and will bring together some of the major investors in the muslim world and the non-muslim investors to examine potential opportunities within the Organisation of Islamic Cooperation (OIC) markets – a group of economies that is expected to see annual growth at an average rate of 5.4% over the next five years, significantly higher than the global average.
Around 50 top level speakers are confirmed for main sessions and panels during the two day session. This conference will present a new online tracker which will connect investment capital from the GCC with the fast-expanding markets in OIC countries across the world. The new Islamic Investment Monitor has already been the booster for creating a pipeline of around 100 potential new investment deals.
As part of its efforts to get Islamic finance investment to the Kingdom of Bahrain, EDB makes use of such events as a platform to have contacts and engage with the global investors and decision makers to present the Kingdom’s competitive advantages to potential investors in key markets. Bahrain has an established foundation in the Financial Services sector and is considered a leader in Islamic Finance in this area, making it the ideal location to host the conference, and other similar gatherings. During the past months, the Kingdom hosted the 11th Annual Middle East Insurance Forum (MEIF) and the 4th Annual GCC Financial Forum, confirming Bahrain’s commitment to developing the Islamic finance sector.