May 02, 2024

Investopia 2024: International Perspectives for Durable Development

March 01, 2024
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At the exclusive St. Regis Sadiyaat in Abu Dhabi, Investopia 2024 got underway with an impressive lineup of talks. Eleven panel sessions highlighted the perspectives of 37 professionals from a variety of new economy sectors.

Diverse viewpoints regarding investment potential in technology, the creative economy, the circular economy, hospitality, sports, and aviation were exchanged. Distinguished guests included economists, investors, policymakers, government representatives, and entrepreneurs from around the world.

A major topic of debate during the morning sessions was macroeconomics in the aftermath of COVID-19. The panel discussed the US Presidential election's ramifications, the global economy's resiliency in the face of geopolitical upheavals, the trajectory of the world economy following the epidemic, and the importance of COP28 in addressing climate change.

Under the theme "New Economic Frontiers Unveiled: Navigating the Unknown," the panel discussed market dynamics, the forces propelling developing economic sectors, and the cooperative role of public and private sectors in promoting economic progress.

Prominent attendees including Dr. Nathan Sheets, Chief Economist at Citi; Dr. François Bourguignon, Honorary President of the Paris School of Economics; Dr. Mahmoud Mohieldin, Executive Director of the International Monetary Fund; and John Defterios, Professor of Business Administration at NYU Abu Dhabi, offered insightful commentary.

Using Africa as an example of how the continent went from being a low-income to a middle-income region, Dr. Mohieldin emphasized the significance of attending to the needs of low- and middle-income countries in the face of changing global economic trends. He emphasized how important it is to invest in infrastructure, human capital, and education while highlighting the difficulties encountered by middle-income nations. He also emphasized how urgent it is to address debt and development issues globally.

Dr. Bourguignon emphasized that in order to lessen the effects of climate change in the future, quick action is desperately needed to achieve carbon neutrality. He pushed for a paradigm change in the frameworks governing global production and manufacturing.
 

Dr. Sheets, on the other hand, was upbeat about the global economy's resiliency and attributed it to technological breakthroughs that have made it possible to find answers to a range of modern problems.

Speaking about the UAE's economic situation, Dr. Bourguignon praised the nation for its adaptability and tenacity in facing financial difficulties.

Jose-Maria Figueres, the former president of Costa Rica, Valentino Valentini, the deputy minister for enterprises and Made in Italy, and Ryad Mezzour, the minister of industry and trade of the Kingdom of Morocco, were on another fascinating panel. The group discussed how to navigate the changing global economy, technology developments, renewable energy sources, and globalization's obstacles.
 

The CEO and managing director of Mubadala Investment Company, Khaldoon Al Mubarak, also gave a perceptive overview of emerging investment sectors, emphasizing the significance of creative investment approaches in light of recent changes in the world economy.

During a panel titled "Investing in the Creative Economy," renowned British actor, musician, and filmmaker Idris Elba discussed unexplored financial prospects within the creative sector.

In association with Standard Chartered Bank and the UAE-UK Business Council, the event also featured an insightful roundtable titled "Family Offices: Catalyzing ESG and Shaping the Future," which emphasized sustainability as a key component of the agenda for the new economy.
 

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