South Africa’s InvestSA has been recognised for its outstanding work with a runner-up award at the Annual Investment Meeting (AIM) in Dubai, said the Department of Trade and Industry.

South Africa’s investment promotion agency, InvestSA, took home the runner-up award at the seventh edition of the two-day AIM, which started at the Dubai World Trade Centre in the United Arab Emirates, on Sunday, 2 April.

The AIM Investment Award is granted to investment promotion agencies in each region globally in recognition of their outstanding work in attracting sizeable and beneficial foreign direct investment projects and thus contributing to economic growth and development of their markets.

Trade and Industry Minister, Rob Davies, congratulated InvestSA for the award, which is the fourth that South Africa has received from AIM in its seven-year history.

“These awards are a vote of confidence in South Africa as an investment destination of choice and our ability to facilitate investments as a government. President Jacob Zuma recently launched the InvestSA National One Stop Shop to enhance our investment facilitation and aftercare service.

“In InvestSA, we have a capable team that offers investors a professional service and is able to fast-track, unblock and reduce red tape in government,” said Minister Davies.

He added that receiving the award was evidence that InvestSA could compete with the best investment promotion agencies in the world and was capable of facilitating large-scale projects that contributed in growing the country’s economy and creating much-needed employment opportunities