BRICS+ Business Forum Explores New Horizons In Global Economic Landscape At AIM Congress 2024

The BRICS+ Business Forum, an integral part of the 2024 AIM Congress, recently convened, bringing together distinguished leaders and experts from the BRICS nations and additional countries. This session, chaired by Aleksandra Burman, served as a crucial platform for discussing global economic dynamics and enhancing trade relations among BRICS member states and their partners.

The forum was initiated by Dawood Al Shezawi, President of the AIM Global Foundation, who emphasized the significance of the AIM Congress in strengthening international relationships. This, he noted, is vital for attracting Foreign Direct Investment (FDI) and spurring economic growth. Roman Shaykhutdinov, Deputy Prime Minister of the Republic of Tatarstan, presented the region's sustainable growth strategy. He highlighted Tatarstan's focus on various sectors such as oil, agriculture, IT, and tourism, pointing out its emerging status as a hub for startups.

Sergey Katyrin, Chairman of the BRICS Business Council from the Russian Federation, spoke on the opportunities that increased trade and cooperation among BRICS countries present. He mentioned the potential for fostering healthy competition in attracting investments which would benefit all member states. Sean He, Founding Partner of Silicon Harbour Capital Investment Company in China, underscored the critical role of technology in shaping the global economy and expressed China's interest in fostering collaborations with the MENA region.

Mikhail Makarov from Russia's Agency for Strategic Initiatives discussed Russia's efforts to promote technological projects globally. He extended an invitation to BRICS+ countries to participate in a foresight forum in Dubai in 2025. Russel Curtis, CEO of Invest Durban in South Africa, talked about Durban's strategic importance within the BRICS landscape, highlighting its port location and growing FDI inflows.

UG Sujatha from Invest India emphasized India's rapid economic growth and vibrant startup ecosystem. She pointed out the potential for BRICS countries to collaborate and create a dynamic ecosystem conducive to mutual growth. Dr. Leteia Pricila Gomes from Invest Brazil Institute for Investment and International Cooperation highlighted Brazil's efforts to improve investment laws and foster innovation. She also stressed the importance of educational and developmental initiatives to enhance Brazil's investment appeal.

This gathering underscored the collective resolve of BRICS nations and their partners to foster economic growth through enhanced cooperation and strategic partnerships. The discussions highlighted not only the diverse strategies employed by each nation to attract investment but also their shared commitment to achieving sustainable development goals through mutual support and collaboration.

With inputs from WAM