Page 683 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

2/26/25, 3:39 PM 'Future of the Economy' forum discusses transformative trends shaping global economy growth
The Minister of Economy highlighted the key role that sovereign wealth funds,

particularly in the Gulf Cooperation Council (GCC) countries, play in financing
regional and global development projects. These funds have significant potential to

shape the investment landscape in emerging markets, especially since they align

with sustainable and long-term goals.

The first session, titled "Rising of Innovative Industrial Policies", focused on the
mechanisms for transitioning towards innovation-based policies, economic

flexibility, and the balance between open markets and national priorities. The

session also highlighted the role of industrial policies in accelerating the transition

towards achieving net-zero carbon emissions, driving innovation and local
production, and enhancing the efficiency and flexibility of vital supply chains.

Subsequently, the second panel discussion, titled "The Presence of Regional and

Global Multiple Economic Blocs," explored the significance of major economic

blocs in enhancing global trade growth and achieving shared economic benefits for
countries. It shed light on enhancing economic integration, particularly in light of

the shifts witnessed globally in recent years.

During the third session, titled "Growth Prospects for the Regional Economy in

2025," participants shared their insights on how governments are addressing

inflation, energy transitions, climate change, and investment opportunities. They
also discussed the governments' ability to adapt to the new global reality.

Besides, the participants reviewed the latest global trends in future technology and
innovation, digital boundaries in finance and financial services, and the key role

played by international financial institutions in bridging investment gaps and

ensuring capital flows across different markets.

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