Thu, 29 Sep 2022

DUBAI, 14th September, 2022 (WAM) -- The future policies and plans of Gulf Cooperation Council (GCC) countries were the main topics under discussion at the Harvard Business School (HBS) GCC Alumni Club's Crossroads GCC Future Impact Forum, held for the first time in Dubai at the Museum of the Future.

Addressing business leaders, academia, and government officials from the region, Dr. Nayef Falah M. Al Hajraf, Secretary-General of the GCC, said that the common understanding among all GCC policymakers today to unlock future economic growth is through bringing the world together and interconnecting with other economies and markets.

"The GCC is showing a great ability to deal with challenges and threats as well as maintaining its stabilising role in the region and the world through security, stability and prosperity.

"Today the GCC remains resilient and plays a constructive role within the international community, the GCC contributes greatly to the world economy not only by maintaining an undisrupted supply of energy to stabilise the world energy markets," he added.

He outlined food security, energy supply, economic growth, and cyber security threats as important challenges for the region and the world, however, emphasised, that "we should not underestimate the opportunities we have".

"The opportunities that we have and can work together on include our human capital, investments, transportation, trade, tourism, the environment, artificial intelligence and small and medium businesses, are just some of what we can do together. To capitalise on such Is not only by having a collective agenda, but to make sure that we create sustainable development goals and future development plans," he continued.

President of the HBS GCC Alumni Club and Chairman of Lootah Holding, Sale Lootah, told the audience during his opening address that the objective of the forum is to carve out policy recommendations and actionable outcomes to support the future policies of the region through public and private sector collaboration.

"The current global strategic shifts opens the door for GCC countries to work together to face challenges ahead of them. The importance of this forum is that it builds the right foundations to collectively solve challenges, and enable the countries of the Gulf Cooperation Council to establish themselves as a global superpower over the next 20 years".

On the sidelines of the forum, a Memorandum of Understanding (MoU) was signed between the Dubai Government Human Resources Department and the HBS GCC Alumni Club on 'Transforming Dubai into a talent hub'.

The MoU focuses on talent development and supporting innovation through constructive participation and interaction between the two sides to support and accelerate the programmes offered by the government.

The MoU also seeks to benefit from the insights of members and stakeholders of the HBS GCC Alumni Club to address the most pressing regional challenges, in addition to bringing together experts from various sectors of the club to facilitate discussion and dialogue, and contribute to creating solutions to the challenges facing the governments of the Gulf Cooperation Council countries.

The forum will continue tomorrow with more panel discussions, interactive fireside chats and lightning talks.

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