With the announcement that the prestigious summit focused on driving Asian integration into the global economy will be staged in the Middle East for the first time, Vision explores the history of the Boao Forum for Asia
The forum, often referred to as the “Asian Davos”, takes its name from the small town of Boao, located in China’s southern Hainan province, which has been the permanent site for its annual conference since 2002.
Her Excellency Reem Al Hashimy, Minister of State for the United Arab Emirates and Honorary President of Falcon and Associates, said: “The UAE is strategically located between East and West, sitting at the heart of the global economic axis which has tilted decidedly eastwards with the rise of Asia and other emerging markets. These emerging markets play an increasingly important role in our collective future and are expected to account for approximately half of global GDP by 2020.
“In this context, we recognise the significance of the Boao Forum for Asia as an international platform for discussion and look forward to welcoming the Financial Cooperation Conference to Dubai for the first time. Working together and fostering dialogue around the key issues is the only way to achieve a healthy, sustainable and prosperous future for us all.”
Wu Jun, Managing Director of the Boao Forum for Asia, thanked the Government of Dubai for its support, and said: “The most important aspect of this financial conference is cooperation. Asian economies have been transformed in recent decades and in order to maintain this momentum it is necessary for Asian countries to not only capitalise on their own strengths but to work together to create an even better future.
"Increasingly, Dubai acts as a hub in connecting Asia to Africa, Europe and beyond, and I am confident that hosting the Financial Cooperation Conference in Dubai will be mutually beneficial with new opportunities and win-win outcomes for us all.”