Page 124 - INVESTOPIA ENGLISH PR REPORT - International Part 2

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"Middle-income countries and the middle class populations are being squeezed, and mid-sized enterprises do not
have the same support as SMEs," Dr. Mohieldin said.

"The middle needs investment, but [the situation] is not being discussed," he added, and went further and underlined
the urgent need for investment in human capital, education and infrastructure." Dr. Mohieldin also noted that debt
and development problems remain among the most critical issues facing the global economy and are of great
concern to investors worldwide.

Dr. Bourguignon drew attention to the urgent need to take more steps to achieve carbon neutrality to avoid the
future repercussions that any additional delay in responding to climate change could cause. He explained that the
current framework in place for the manufacturing and production of global goods needs to be replaced with a new
one.

Meanwhile, Dr. Sheets expressed a more optimistic view about the global economy's health, suggesting that an ever-
advancing technology ecosystem has confronted many challenges the world has faced in recent years.

Concerning the UAE's economy, Dr. Bourguignon said that what enables the country to face the economic
challenges the world is its flexibility and resilience.

In another panel, John Defterios, Professor of Business at NYU Abu Dhabi, spoke to three government officials.
H.E. Ryad Mezzour, Minister of Industry and Trade of the Kingdom of Morocco; Jose-Maria Figueres, Former
President of Costa Rica; and H.E Valentino Valentini, Deputy Minister for Enterprises and Made in Italy; all
contributed to a lively debate under the theme: Navigating the New Economy: Global Economic Trends
Challenging Governments where the four discussed today's rapid economic developments, technological and digital
advancements, renewable energy and issues facing globalisation.

Another panel discussion saw H.E. Khaldoun Al Mubarak, Managing Director and CEO of Mubadala Investment
Company, present a comprehensive review of the new investment sectors the company has identified and spoke
about the necessity of innovating new investment methods and responding intelligently to the challenges and
investment opportunities arising from recent global economic changes.

In yet another session titled 'Investing in the Creative Economy' with the renowned British actor, musician, and
director Idris Elba, Elba noted that there are several untapped investment opportunities in the creative economy.

The opening day of Investopia 2024 also hosted a roundtable titled: 'Family Offices: Catalysing ESG and Shaping
the Future' with Standard Chartered Bank and the UAE-UK Business Council, which acknowledged sustainability

as a key pillar in the new economy.

Read the full story here: https://www.24-7pressrelease.com/press-release/508902/investopia-2024-holds-11-panel-
discussions-exploring-investment-opportunities-in-the-new-economy-technology-circular-and-creative-economy

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