Page 24 - MBRF PR REPORT - December 2023

Press Release

H.E. Jamal bin Huwaireb, CEO of the MBRF, said: “The current fast-paced technological

changes indicate the necessity to equip the world with knowledge to face emerging challenges
and prepare for the future. In light of this, we, at the MBRF, are keen on launching various

initiatives such as the Knowledge Summit and the Knowledge Lounge. The summit offers a
dynamic platform that convenes thought leaders, policymakers, decision-makers, experts,

researchers, academics, and entrepreneurs to share key insights, ideas, and best practices to

find solutions for global challenges. The Knowledge Lounge, on the other hand, serves as a key
forum for dialogue and ideas to boost knowledge and encourage innovative thinking. We seek
to launch more innovative initiatives that help ensure a better future.”

During a session titled ‘Leadership in the Age of Artificial Intelligence,’ speakers discussed the
extraordinary pace of technological advancements and innovations driven by the technological

revolution and AI across various institutions, along with the key skills that leaders need in the
age of AI. The session shed light on the concerns revolving around the impact of AI, robots,

big data, the internet, the metaverse, and pre-trained generative model platforms, including

ChatGPT, on humans and their potential to replace human intelligence by 2040. The session
underscored the necessity to adopt new approaches and develop skills focusing on humankind
to keep up with AI and leverage it to find solutions to real problems, improve customer

experiences, and deliver services more efficiently.

Finally, the Knowledge Lounge organized a special dialogue session with Dr. Nidal Abou Zaki,

Managing Director of Orient Planet Group, under the theme ‘Smart Cities in the Arab World
and their Economic and Social Impacts.’ During the session, Dr. Abou Zaki explained about his

newly launched book with the same title, in which he highlighted the close relationship

between technology, society, the economy, and the environment. In addition, he shed light on
the challenges faced by most Arab countries in transitioning to smart cities and the efforts
they made to establish a flexible technological infrastructure that aided in aligning with rapid

developments according to best practices and international standards. The session also

reviewed the journey of the UAE in building smart cities and the economic and social benefits
it brought in, such as job creation and innovation.

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