Boao Forum for Asia concludes in Dubai, opens door to new solutions

Tamara Walid
Tamara Walid

The Boao Forum for Asia (BFA) Financial Cooperation Conference closed on a successful note in Dubai today, after raising a number of critical topics and creating a conversation around finding innovative solutions to enhance cooperation between Asian countries

Yang Xiyu, Executive Vice President, Boao Forum for Asia Institute, delivered the closing speech in Dubai, noting that as this was the first time the conference was held in West Asia, the way had been paved the way for future opportunities and cooperation. Questions discussed during the event “have opened the door to new solutions”, Yang said. He highlighted two main takeaways from the forum.

“Number one, we play a regional role linking east and west Asia, especially China and the UAE and Dubai - the industries, academia, and the economy – so we play a bridging role, connecting them together and increasing mutual understanding,” said Yang. “What will follow will be more specific business contacts and collaborations through this meeting.”

He added: “Secondly, more importantly, through this conference in-depth exchanges were made around a number of topics, including some fundamental policy-related issues that require urgent solutions.”

Sheikh Mohammed
Important dignitaries graced the event; pictured is His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, and Former Vice Premier of China, Zeng Peiyan

Hongbin Cong, Managing Director of Invest Dubai, Falcon and Associates, closed the conference, saying it was successful and generated many “valuable ideas and enlightening thoughts”.

“I am very proud to say that in this meeting we discussed a lot of important and urgent issues as part of the process of following the new order of the world in finance, infrastructure and how we can better communicate with each other,” said Cong.

He also talked about Dubai’s transformation from a small fishing village to a modern metropolitan and its role as a key hub linking Asia and different parts of the world.

“Holding the Boao Forum for Asia in Dubai really enabled this forum to become an Asian forum and I hope very much we can come to Dubai, to West Asia, more permanently to hold these kinds of events,” he said. “We are always looking at ways to link Dubai and China economically and culturally.”

The next Boao Forum for Asia will be held in Sydney, Australia, in 2015.