Second OIC festival in Abu Dhabi celebrates Islam to form new bonds

Festival organizers, from left, Faisal Abdullah Al-Sheikh, Youssef Aldobeay and Mohammed Saif Helal Al-Shehhi.
Updated 23 April 2019
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Second OIC festival in Abu Dhabi celebrates Islam to form new bonds

The second Organization of Islamic Cooperation Festival will be a four-day celebration of Islam and a platform for Muslim countries from around the world to strengthen collaboration and form new bonds, said organizers the Organization of Islamic Cooperation (OIC) and the UAE Ministry of Foreign Affairs (MOFA).

The event will be held under the patronage of Sheikh Nahyan bin Mubarak Al-Nahyan, UAE minister of tolerance, from April 24 to 27 at the Abu Dhabi National Exhibition Center.

During the official launch, festival representatives outlined how the four-day event serves as a vehicle to celebrate the underlying positivity of Islam and demonstrate the work of the OIC in cultivating cultural diversity through essential elements such as arts and music. 

“The festival is a gateway for Muslims around the world to gain invaluable insight into the diversity of their faith through the range of different cultures and traditions of nations within our organization, while remaining true to the religious values of Islam. In addition, it serves as a crucial educative and informative platform for non-Muslims to learn about our faith,” said Youssef Aldobeay, adviser to the secretary general for political affairs, elected assistant secretary general for political affairs and OIC general secretariat. 

“Furthermore, the four days will give participating countries a great opportunity to unite and engage in inter-faith, cross-country dialogue on ways in which they can collaborate and form new bonds for the benefit of their nations, their people and the organization.”

The festival, which coincides with the UAE Year of Tolerance, will address a range of topics, including tolerance as a foundation in Islam, the role of youth in spreading the culture of tolerance, and the importance of tolerance and moderation in worship.

“The festival aims to enrich the global awareness of Islamic culture,” said Mohammed Saif Helal Al-Shehhi, director of the United Nations Administration, MOFA.

Organizers revealed that the festival will feature a main stage area where Islamic scholars and thought leaders will present lectures and workshops.

The main stage will also host live performances by the Abu Dhabi Folklore Group, showcasing traditional UAE arts and culture, the Alexandria Folklore Dance Troupe from Egypt, and a display of Emirati Malid — a traditional Emirati art that embodies the UAE’s culture heritage.


Saudi Arabia world’s safest and most attractive investment destination, says chairman of Sumou Holding

Updated 09 March 2026
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Saudi Arabia world’s safest and most attractive investment destination, says chairman of Sumou Holding

Saudi Arabia has emerged as one of the world’s safest and most attractive destinations for investment, supported by the strength and resilience of its economy, according to Ayed bin Farhan Al-Qahtani, chairman of Sumou Holding.

Al-Qahtani said the Kingdom’s economy has consistently demonstrated its ability to navigate global and regional crises. He noted that Saudi Arabia has historically adapted to challenging conditions and emerged stronger, thanks to prudent economic policies and effective governance, both of which have reinforced the market’s financial strength. Al-Qahtani added that Saudi Vision 2030 has reshaped the structure of the national economy by diversifying income sources and leveraging the country’s core strengths, creating a more flexible and sustainable economic environment capable of withstanding global volatility.

According to Al-Qahtani, business activity across Saudi Arabia continues to operate normally despite current global uncertainties, highlighting the adaptability and experience of Saudi companies across multiple sectors.

Sumou Holding currently manages an investment portfolio valued at about $10 billion. Al-Qahtani said that the group plans to expand its investments in the Kingdom while seeking to attract additional foreign capital through international partnerships and joint ventures.

The company is evaluating a range of new opportunities across key sectors and particularly in real estate, which Al-Qahtani described as one of the most secure and attractive investment sectors in the Saudi market amid rising demand for residential, commercial, and development projects.

Saudi Arabia’s property market has also undergone significant regulatory reforms aimed at boosting its appeal to international investors. A new foreign property ownership law, which came into effect in early 2026, allows non-Saudis — individuals and companies, residents and non-residents — to own residential, commercial, and agricultural properties across designated areas of the Kingdom.

The framework will increase capital inflows into the real estate sector while introducing specific ownership rules for the holy cities of Makkah and Madinah, two markets Al-Qahtani said remain among the most secure and globally attractive for long-term investment.

Sumou Holding owns two companies listed on the Saudi Exchange: Sumou Real Estate Co. and Ader Real Estate Co.

Al-Qahtani added that the group’s international arm, Ader Global, is building partnerships with global investors and directing capital toward promising opportunities in the Saudi market, reinforcing the Kingdom’s role as a regional hub for investment and multinational companies.

With its strong regulatory framework, investment security, and continued government support for the private sector, Saudi Arabia is well positioned to attract further foreign capital in the coming years, Al-Qahtani said, cementing the country’s status as a leading global investment destination both today and in the future.