DCO and WEF launch digital FDI initiative to boost global digital FDI flows

DCO and WEF launch digital FDI initiative to boost global digital FDI flows

Under the Initiative, the DCO and WEF will launch Digital FDI Enabling Projects in countries around the world, helping them identify and support implementation of policies and measures to increase investment in the digital economy, in additional to facilitating knowledge-sharing of successful reforms among countries.

The launch was announced by:

- Børge Brende – President, World Economic Forum

- Deemah AlYahya – Secretary-General, Digital Cooperation Organization

- Isa Ali Ibrahim Pantami – Minister for Communications and Digital Economy, Nigeria

- Peter Herweck – CEO, AVEVA Group

The DCO, which focuses on digital economy initiatives supporting youth, startup entrepreneurs and women, has nine member states with a combined GDP of nearly USD2 trillion and a population of nearly 600 million. With 70 percent of future economic growth set to be digital, according to the WEF, DCO member states provide a valuable market opportunity to investors and entrepreneurs alike.

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.

Børge Brende, President of the World Economic Forum, said,

“Global FDI is rebounding, following the COVID-19 pandemic, and investment in the digital economy could not come at a better time. These