Abu Dhabi: Over 1,250 investors from across the globe are expected to attend the upcoming SelectUSA Investment Summit, which is set to take place from March 23-24 at Washington, DC, according to Vinai Thummalapally, executive director of the summit.
Thummalapally who was in Abu Dhabi to promote investment opportunities in the US to the business community, said the event aims to gather global entrepreneurs and increase investments in the US.
“[The US economy] creates such demand for products and services, so companies from any corner of the world could come to the US to sell or to produce their products or services. So, the primary purpose [of the event] to help companies worldwide to grow their enterprise,” he said.
Thummalapally added that the summit invites entrepreneurs to invest in the US by offering assistance to them through providing information to investors doing due diligence, putting investors in touch with local development organisations, and helping investors with permits.
Thummalapally has already visited various cities across Europe, and will be visiting Dubai, Doha, and Muscat over the next few days to promote the summit to investors.
In 2013, the Unites States’ gross domestic product reached $17 trillion, with the economy growing at a rate of four per cent over the last two quarters of the year. Last year, the country was also the largest recipient of foreign direct investment with $230 billion pouring in from other countries.
SelectUSA was launched three years ago through an executive order by President Barack Obama.
