Page 252 - INVESTOPIA ENGLISH PR REPORT - International Part 2

3/11/24, 11:58 AM Face Magazine | Press Releases
global economic trend and cited Africa, where the continent grew for many countries from being a low-
income region to becoming middle-income.

"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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