Conference Presentation, Fireside Chat, Panel
A Conversation with His Excellency Mohamed Hassan Alsuwaidi | Middle East & Africa Summit 2023
Milken InstituteMohamed Hassan Alsuwaidi, Sarah Sandler, His Excellency Mohamed Hassan Alsuwaidi, Becky Anderson
- The outlook anticipates a global structural shift from globalization toward onshoring and localization in the coming period.
- The UAE population is projected to double from its current base of over ten million within the next decade.
- Significant expansion in financial services is expected, driven by strategies to attract family offices and asset managers.
- Substantial activity is forecast for downstream oil and gas, petrochemicals, plastics, recycling, and export materials sectors due to Ministry of Industry initiatives.
- Continued UAE growth is asserted to persist regardless of regional conflicts or economic competition.
- The Ministry of Investment intends to prioritize advocating for local companies to access new international markets over regulatory functions.
- Homegrown companies are expected to expand internationally, capitalizing on high demand for wastewater recycling services in neighboring countries.
- The $30 billion UAE Climate-Related Investment Fund aims to catalyze additional capital through partnerships with private asset managers and direct deals.
- The fund's manager, Altera, has secured commitments from three Limited Partners totaling approximately $5 billion to $6 billion.
- 2024 is predicted to be a strong year fueled by advanced AI solutions and opportunities in distressed debt markets.
- A "black swan event" risk is acknowledged as a potential disruptor, with the explicit caveat that all forecasts are not certain.
- The Ministry of Investment plans to play an integral role in facilitating both inward and outward investments throughout the coming period.