Abu Dhabi to Host World Islamic Economic Forum in 2024 | The Halal Times


Nov  21st

abu dhabi the halal times

The World Islamic Economic Forum will be held in 2024 in the UAE’s capital Abu Dhabi, according to the Abu Dhabi Department of Economic Development (ADDED).

The World Islamic Economic Gathering (WIEF), established in 2005 by the WIEF Foundation, is a global economic forum designed to promote and discuss the most recent economic trends and advancements while igniting Islamic virtues of peace, justice, and equality. Government representatives, academics, and corporate executives from all around the world may better communicate with each other and exchange ideas and knowledge thanks to the Forum.

At the 14th WIEF Forum, which will be held at the Abu Dhabi National Exhibition Center (ADNEC) from January 15–17, 2024, President Mohammed Ali Al Shorafa and WIEF Foundation President Dr. Tan Sri Saeed Hamid Allah signed an agreement to host the event. The ADNEC Group and the Abu Dhabi Ministry of Culture and Tourism both attended the signing event.

It has been decided to hold the 14th World Islamic Economic Forum in Abu Dhabi. This has been made possible by the cooperation of numerous Abu Dhabi organizations, including the ADNEC group, which provided the site, and Abu Dhabi, the Department of Culture and Tourism’s destination partner for the Forum.

“We are thrilled to host the World Islamic Economic Forum, which promotes global cooperation and sustainable development,” said H.E. Mr. Mohammed Ali Al Shorafa, chairman of ADDED. It displays our efforts to promote conversation among important stakeholders to

“Islamic finance, including halal food and fintech, has been on the global radar in recent years. Hard-core competitors will have plenty of possibilities, and we’ll support businesses in realizing their full potential by taking advantage of Abu Dhabi’s hospitable economic environment, said Al Shorafa.

The food, pharmaceutical, cosmetics, fashion, travel, and media/recreation sectors collectively spent $2 trillion in 2021, whereas the Islamic economy sector, excluding finance, will only account for 9.1% of that total.

According to S&P Global Ratings, the economic recovery in important Islamic financial markets and increased issuance of Islamic bonds will cause the $2.2 trillion global Islamic finance industry to rise by 10% to 12% over 2021–2022.

The WIEF Foundation’s Chairman, Dr. Tan Sri Saeed Hamid Alber said, “More than 3,000 attendees, including heads of state, dignitaries, opinion leaders, corporate executives, specialists, and academics, are anticipated to attend the forum in Abu Dhabi in 2024. It also provides a forum for specialists to discuss and share knowledge about creating a resilient and inclusive future, enhancing sustainability, and forecasting international business.

Click here to view the original piece of the article.