UK to Host Second Global Investment Summit This Month, Attracting Top Banking Executives Worldwide
By Jessel Renolayan
Nov 14, 2023 02:29 AM EST
Nov 14, 2023 02:29 AM EST
The second Global Investment Summit (GIS 23) will take place on November 27, according to UK Prime Minister Rishi Sunak.
The summit is designed to bring together the world's prominent CEOs and investment corporations and aims to explore opportunities that could breathe new life into the UK economy. More than 200 world's top business leaders are expected to attend the event.
Rishi Sunak's official spokesman told The Standard that the prime minister sees the event as a significant milestone in his commitment to attract fresh investment to bring back the country's struggling economy.
"The Prime Minister confirmed that the UK would host a second Global Investment Summit (GIS 23) on Monday November 27, building on the legacy of the first summit in 2021, which raised billions in new investment and created thousands of jobs across the country," Sunak's spokesman noted.
"GIS 23 will bring together some of the world's leading CEOs and investment corporations with top British businesses and talent to showcase why the UK continues to be the best place in Europe to invest and do business," he added.
Sunak previously shared plans for the eagerly anticipated GIS 23, highlighting its potential to build on the success of the first summit in 2021. The prime minister's spokesperson relayed the key points from this announcement, emphasizing the significance of GIS 23 in reinforcing the nation's economic resilience and global standing.
Initially announced to take place in October, the summit faced a slight delay, but Sunak emphasized its significance as a pivotal moment in the ongoing efforts to stimulate economic growth and foster prosperity across the country. The venue has yet to be disclosed.
As it seeks to attract more significant global capital to UK firms and markets, the government announced on Monday that Jamie Dimon, head of JP Morgan, and David Solomon, boss of Goldman Sachs, will participate in the event.
According to Reuters, the November 27 summit promises to attract global investments that could play a pivotal role in securing a sustainable economic recovery for the UK. The government reportedly aims to match or surpass the £9.7 billion ($11.9 billion) raised at the 2021 event.
The summit is anticipated to serve as a bridge for networking and collaboration, creating a space where top banking executives can explore potential investments and partnerships.
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