DUBAI, Oct. 14 (Xinhua) -- Dubai Crown Prince Sheikh Hamdan Bin Mohammed Bin Rashid Al-Maktoum on Saturday launched the Hamdan Center for the Future of Investment "to enhance the contribution of foreign direct investment to sustainable development," United Arab Emirates (UAE) state news agency WAM reported.
The launch of the center was part of the vision of Sheikh Mohammed Bin Rashid Al-Maktoum, Ruler of Dubai, and the direction of the UAE in exploring and shaping the future.
It also aims at contributing to shaping the future of investment in the world and enhancing its positive impact, reported WAM.
The center, which operates under the Dubai Investment Development Corporation (DEDI), is one of the institutions to promote Dubai's strategy and future vision in developing strategies and programs that will enable Dubai to continue to compete globally and attract new models of investments.
The main programs of the center will be announced within the framework of the "Sustainable Investment Forum" which will be held during the Dubai Investment Week from Oct. 15 to 19.
The Center will also provide a number of quality services to strengthen the position of Dubai and the UAE as a center of excellence in knowledge and finance for the study and investment in development projects and the role of FDI in the of post-oil economic diversification.
Sheikh Hamdan Bin Mohammed Bin Rashid Al-Maktoum called for "the integration of global efforts to accelerate the development and financing of projects attracting private sector investments."
