DUBAI: This 12 months’s World Governments Summit will current world leaders and delegates with a novel alternative to mix efforts and deal with ongoing challenges amid rising regional tensions, organizers stated forward of the mega-event.
The three-day summit, set to kick off in Dubai on Monday, will deliver collectively 25 world leaders and heads of state, 120 governmental delegations, greater than 85 worldwide and regional organizations and establishments, and distinguished thought leaders and consultants.
The members will sort out urgent points dealing with humanity throughout completely different fields, together with economic system, know-how, synthetic intelligence, sustainability, finance and training.
Mohamed Yousef Al-Sharhan, deputy managing director of the WGS Group, instructed Arab Information that the 2024 summit affords an “distinctive world alternative” to develop ingenious options for the “challenges and modifications dealing with the world, together with current conflicts skilled throughout regional and world arenas.”
He stated since its inception, the WGS has served as essentially the most vital world platform for world leaders, policymakers, consultants, and officers from authorities and personal sectors to change experience and information, in addition to focus on urgent world challenges.
This 12 months’s occasion comes amid escalating geopolitical tensions within the Center East since Israel’s warfare on Gaza broke out, killing greater than 27,000 Palestinians — principally ladies and youngsters — and bringing a brand new set of well being, instructional and developmental challenges.
In an announcement to Arab Information, Nasser Saidi, former chief economist and strategist on the Dubai Worldwide Monetary Centre, and former minister and first vice governor of the Central Financial institution of Lebanon, named three main challenges dealing with governments as they meet on the WGS: the rising seen penalties and dangers of local weather change, the accelerated progress of the digital economic system as a result of implications of utilizing AI and associated applied sciences, and the “New Chilly Struggle” ensuing from rising fragmentation and deglobalization because the US, the EU and their allies decouple from China amid geopolitical conflicts and turmoil.
“Every of those challenges is bigger for creating and poor nations,” stated Saidi.
A rising multipolar world is obvious in governments’ insurance policies which can be resulting in elevated financial and monetary fragmentation.
The variety of world commerce restrictions launched every year has almost tripled because the pre-pandemic interval, reaching nearly 3,000 final 12 months, in line with the Worldwide Financial Fund.
This “New Chilly Struggle,” Saidi stated, might lead to a 7 p.c lack of world gross home product in line with the IMF, as a result of world provide chains changing into much less environment friendly, and inward-looking, self-sufficiency insurance policies being disguised as restrictions on entry to tech and important assets.
“Will probably be strategically essential for the governments assembly on the WGS to quickly mitigate the dangers of a New Chilly Struggle and its potential penalties, together with rising strategic and army confrontations,” he added.
The rising local weather divide and speedy progress of AI may even have an effect on economies, societies, politics and militaries, and result in higher levels of inequality inside nations.
“AI magnifies the dangers of under-investment within the digital economic system, and the rising digital divide between superior economies and creating nations unable to spend money on digital applied sciences and educate their populations for the digital economic system,” stated Saidi.
The investments required for local weather adaptation to make infrastructure companies resilient may even be expensive for creating nations, requiring governments to accomplice with the non-public sector, which must present 80 p.c or extra of the financing.
“Together with the rising use of robotics, AI may have profound implications for the way governments are organized, and the way they’ll ship items and companies normally, not to mention re-educating and retraining their workforce,” stated Saidi.
Held underneath the theme “Shaping Future Governments,” the summit will host over 200 distinguished audio system — together with presidents, prime ministers and consultants — who will share their insights in keynote speeches and panel discussions, alongside 23 ministerial conferences and government classes welcoming over 300 ministers.
The mega-event covers six essential themes by 15 world boards and over 110 interactive dialogues and classes. It’s set to welcome greater than 4,000 attendees.
Friends of honor
Headlining this 12 months’s occasion, happening till Feb. 14, are leaders from Qatar, Turkiye and India because the visitors of honor.
Indian Prime Minister Narendra Modi, Turkish President Recep Tayyip Erdogan and Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani will likely be amongst 25 world leaders and heads of state attending the summit.
Al-Shahran stated the selection of Turkiye, India and Qatar as this 12 months’s visitors of honor is aimed toward highlighting distinctive examples of development and progress throughout various domains together with economic system, know-how and training.
The summit, he stated, will present these nations with a platform to share their insights and greatest practices with the worldwide neighborhood.
“The WGS seeks to light up exemplary success tales that function world benchmarks, with Qatar, Turkiye and India rising as standout examples of financial transformation in current instances,” he added.
“Their outstanding progress not solely underscores their particular person achievements, but additionally highlights the broader potential for progress and improvement throughout varied areas.”
The three nations’ participation, Al-Shahran stated, solidifies the summit’s standing because the foremost world initiative devoted to analyzing exemplary practices and facilitating information change.
“Our purpose is to attain the primary aims of the World Governments Summit, foremost amongst which is to advertise collaboration and studying on a worldwide scale, in addition to fostering a extra interconnected and affluent future for all,” he added.
The WGS 2024 will witness the participation of greater than 100 ministers from Arab nations, together with audio system such because the prime ministers of Egypt, Libya, Iraq and Iraqi Kurdistan.
Arab League Secretary-Basic Ahmed Aboul Gheit and Gulf Cooperation Council Secretary-Basic Jasem Mohamed Albudaiwi may even be among the many attendees.
Representatives of worldwide organizations such because the UN, the World Financial institution, the IMF and the World Well being Group, alongside know-how leaders from the non-public sector, will deal with present and future world challenges and forge options for a extra developed, affluent and safe future throughout varied sectors.
Ajay Banga, president of the World Financial institution Group, Kristalina Georgieva, managing director of the IMF, Dr. Tedros Adhanom Ghebreyesus, director normal of WHO, and Rafael Mariano Grossi, director normal of the Worldwide Atomic Vitality Company, are among the many essential attendees.
The ministerial conferences happening on the summit’s sidelines will embrace these for Arab finance ministers; vitality ministers; justice ministers; authorities improvement ministers through the Arab Authorities Administration Discussion board; and Arab youth and sports activities ministers.
The summit may even see leaders from the non-public sector, together with OpenAI CEO Sam Altman, Airbus CEO Guillaume Faury, Schmidt Futures co-founder and former Google CEO Eric Schmidt, and Yann LeCun, vice chairman and chief AI scientist at Meta.
African leaders may even obtain a platform on the WGS, with a essential session for Rwanda’s president, and a plenary dialogue bringing collectively the presidents of Madagascar, the Maldives, Mauritius and the Seychelles.
A dialogue will happen between Nobel Laureates Michael Levitt and Sir Richard J. Robert, who’re amongst eight Nobel Prize winners to attend the summit.