Minister of Finance Harold Lovell (L) in Dubai
ST JOHN’S, Antigua -- Minister of finance, the economy and public administration, Harold Lovell has returned to the country from Dubai expressing confidence that the groundwork laid for Antigua and Barbuda to be considered for investment and as a service destination for the Emirates Airlines will materialize in the near future.
Lovell was invited to present at the inaugural Global Citizens Forum 2013 held in Dubai on September 12. The Global Citizen Forum is a platform for exchange between relevant stakeholders in an effort to build awareness, educate and promote global citizenship as a way of life.
Lovell’s topic was Attracting Investment to Antigua and Barbuda, during which time he highlighted key components of the citizenship by investment programme.
While in Dubai, Lovell met with UAE’s leading businessmen, including Sheikh Tariq Bin Faisel Al Qassimi, chairman of Emirates Investment Group, and Raza Jafar, CEO of ENSHAA, the company behind landmark projects in Dubai such as the Palazzo Versace Hotel, Emirates Financial Towers, which entered the Guinness Book of World Record for developing world’s largest automated car parking in Dubai, and the D1 tower, which is arguably the best high-rise residential tower in Dubai.
Lovell also met with executives of Dubai National Air Transport Agency (DNATA) and Emirates Airlines to explore possibilities for airlift out of the UAE region into Antigua and Barbuda.
There was a pledge by all of the parties to actively pursue hospitality projects in Antigua and Barbuda.
Lovell thanked president and CEO of the Arton Capital for extending the invitation to participate in the high-level global forum. More than 150 industry professionals from across the globe attended the session.
Among those in attendance were distinguished speakers from government agencies, leading financial and legal experts and industry professionals.
Topics presented included concentration of wealth and locating future global citizens; political challenges and stability of legislation and programme; privileges and responsibility of global citizens; wealth and estate planning for future generations; why does one of the 25 most powerful Arabs need second citizenship; regulatory bodies and due diligence; and attracting foreign investment through investor programmes for residence and citizenship.