Economic growth depends on capital accumulation (investment) and technical change, two elements that are strictly related to each other.
Foreign direct investment (FDI) is an important driver for industrial performance and productivity growth that is highly influenced by the availability of qualified local entrepreneurs and investors, however quite difficult to find in many development countries.
In this regard, the Arab International Center for Entrepreneurship & Investment (AICEI) promoted the Enterprise Development & Investment Promotion Program (EDIP), which is a package approach aimed at developing the capacities of potential entrepreneurs/investors in order to boost their capabilities and assist them in developing their own private businesses.
The EDIP assists start-up entrepreneurs (through the Enterprise Creation Program) and represents a major mechanism as well for upgrading and expanding existing MSMEs (Enterprise Growth Program).
EDIP facilitates and endorses domestic investment that leads to the attraction of the foreign direct ones, through the UNIDO and ITPO Network, and therefore to job creation and more diversified economy. Further to the above, EDIP has evolved also into a well-structured Incubation system, currently implemented in 52 countries around the World.
Relator: Mr. Hashim S. HusseinHead of UNIDO, Investment and Technology Promotion Office, Kingdom of Bahrain
Hashim S. Hussein is the Head of the United Nations Industrial Development Organization, Investment and Technology Promotion Office in the Kingdom of Bahrain (ITPO Bahrain) and the Director of the Arab International Center for Entrepreneurship & Investment (AICEI), along with other notable roles in economic and sustainable development oriented entities. Hashim S. Hussein has acquired a valuable experience in the field of Industrial Development, Investment and Technology Promotion over the last 30 years. He also has a remarkable experience in SME and Entrepreneurship development and as advocate for Women’s Economic Empowerment. He holds a PhD (Honors) in International Law of the Sea from the University of Nantes, France and obtained also a Doctoral Research Programme from the University of Maryland at College Park, Centre for International Development and Conflict Management (CIDCM), Maryland, U.S.A in the year 1989. He has worked at various responsibility levels in different countries like USA, Egypt, Sudan, Austria and the Kingdom of Bahrain.