Annual Dubai forum dedicated to futurism explores ways to ‘empower generations’

Special Annual Dubai forum dedicated to futurism explores ways to ‘empower generations’
Dubai Future Forum this year features 150 speakers across 70 sessions and is being held at the iconic Museum of the Future. (AN Photo)
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Updated 19 November 2024
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Annual Dubai forum dedicated to futurism explores ways to ‘empower generations’

Annual Dubai forum dedicated to futurism explores ways to ‘empower generations’
  • Dubai Future Foundation CEO Khalfan Juma Belhoul unpacks the 2024 edition agenda in an exclusive interview with Arab News
  • “In order to have a view on the future, we need to convene and listen to everyone,” he says as Dubai Future Forum gets underway

DUBAI: As the third edition of the Dubai Future Forum kicks off, the UAE’s commercial capital is once again playing host to futurists, visionaries, and thought leaders from across the globe. This year’s event, being held at the city’s iconic Museum of the Future, is expected to draw over 2,500 experts, policymakers and innovators from around 100 countries.

Organized by the Dubai Future Foundation (DFF), the two-day event will feature 150 speakers across 70 sessions, making it the world’s largest gathering dedicated to futurism and foresight.

The agenda for the 2024 edition, entitled “Empowering Generations,” reflects Dubai’s vision to remain at the forefront of global futurism. The discussions will range from harnessing AI and technology for societal good to tackling the challenges of sustainability and human well-being.




The event is the world’s largest gathering dedicated to futurism and foresight. (AN Photo)

Speaking exclusively to Arab News, Khalfan Juma Belhoul, CEO of the DFF, emphasized the forum’s role in positioning Dubai as a leader in future foresight.

“Each year the event differs from the one before. The Dubai Future Forum is an anchor which positions us as leaders in foresight,” he said. “We like to promote the DFF as the headquarters of the future in the world; and in order for us to have a view on the future, we need to convene and listen to everyone.”

Held under the patronage of Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum, crown prince of Dubai and chairman of the DFF, the annual event aims to explore transformative shifts and identify practical solutions to ensure a better, sustainable future. Now in its third year, the forum continues to evolve.

Belhoul explained that the forum was born out of a vision of UAE Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al-Maktoum to institutionalize foresight as a key strategy. According to him, when Sheikh Mohammed initially decided that the country needed to institutionalize foresight — something that had not been done before — it was obvious that the first thing that was needed was to find a way to convene a class of people that understood the vision.

FASTFACTS

  • Event Dates: Nov. 19-20, 2024.
  • Participants: 2,500 attendees, 150 speakers, 70 sessions.
  • Key Topics: AI, sustainability, health, longevity, digital economy.
  • Special Guests: Dr. Makoto Suzuki, Amy Webb, Sara Sabry, Paul Saffo, Jordan Nguyen.

“Fast forward to this year, we are talking about the gathering of roughly 2,500 people, 150 speakers, and 70 sessions. The numbers are steadily increasing every year,” Belhoul said. “It makes us proud to host and listen to futurist experts, especially when they speak so fondly about the DFF. We cannot claim to own a view on the future without being inclusive, collaborative, and hearing everyone.”

Conversations at the 2024 edition of the Dubai Future Forum will center on five key themes: Foresight Insights, Transforming Humanity, Optimizing Health, Empowering Generations, and Futuring Nature. The topics align with global priorities, echoing the recent UN Summit of the Future, which focused on forging an international consensus for a better present and future.

Belhoul highlighted the significance of exploring critical topics such as artificial intelligence, sustainability and societal well-being. While themes like AI and Gen AI will be on the agenda, participants will also be actively discussing how they affect communities, nature and job sectors. “If you really focus on what matters to humans, then you realize all of the above are integral components of our conversations,” he said.




Key topics to be discussed at the event include AI, sustainability, health, longevity, and digital economy. (Supplied)

“Of course, we will also be diving deeply into foresight conversations which you can consider as main pillar alongside the other themes.

“They are integral parts of our conversations and they are integral parts of what matters to humans.  We are trying to create a network of like-minded people who can talk about how foresight can be done.”

The event’s focus extends to health and longevity, exploring how technological advancements can improve human well-being. As Belhoul put it, “We have to strike the balance between leveraging technology — which we haven’t yet scratched the surface of, in terms of AI and computing — and ensuring the health and well-being of our people.”

On attendance will be star-studded lineup of global experts and futurists, including the technology forecaster Paul Saffo; Jordan Nguyen, an advocate for technology-driven human enhancement; Amy Webb, CEO of the Future Today Institute; and Sara Sabry, the first female Arab and African astronaut.

One of the most eagerly anticipated speakers is Dr. Makoto Suzuki, who will share his pioneering research on the secrets of longevity.




Conversations at the 2024 edition of the Dubai Future Forum will center on five key themes: Foresight Insights, Transforming Humanity, Optimizing Health, Empowering Generations, and Futuring Nature. (Supplied)

“There is a massive line up that I am looking forward to. Anad while I will not be able to attend all the sessions, I will be listening to them as I am running on my treadmill in the morning,” Belhoul said.

He also expressed excitement about the diversity of speakers, noting how their insights will contribute to the forum’s goal of fostering global collaboration. “While some topics are AI focused, we have people like Nguyen and Webb, who are amazing story tellers. And when you have that kind of style, you attract the audience to listen to you and engage more.”

Belhoul added: “We are trying to create a network of like-minded people who can discuss how foresight can be done. It’s amazing how like-minded we are in the foresight perspective. This validates the importance of working with different networks to create a better future.”

“And how we, as humanity, can overcome the biggest challenges we might face by collectively finding ways to solve big those issues — whether its regulations for AI, solutions for climate crises, or the economic conflicts around the world.”




Khalfan Belhoul, CEO of Dubai Future Foundation. (Supplied)

The first day of the forum will include a series of keynote addresses and thematic panels, with sessions like “From Deep Space to Deep Ocean: A Future of Exploration and Discovery” and “Concepts of Time: How Do They Shape Our Future?” Innovative exchanges in intimate settings will cover everything from deep-sea robotics to the impact of science fiction on future imaginings.

Central to the event will be exploring how foresight can lead to practical solutions for pressing global challenges. Mohammad Abdullah Al-Gergawi, UAE minister of cabinet affairs and managing director of DFF, described the Dubai Future Forum as a crucial platform for fostering international cooperation.

“Rapid transformations in technology, society, and the environment make it essential to continuously revisit our government’s priorities for future readiness,” he said.




The annual event aims to explore transformative shifts and identify practical solutions to ensure a better, sustainable future. (Supplied)

One of the new initiatives at this year’s forum is the “Dubai Future Solutions — Prototypes for Humanity” exhibition, showcasing 100 cutting-edge prototypes designed to address global challenges.

Belhoul underscored the importance of listening to diverse voices and collaborating to shape the future. “We need to find a way to work in harmony when it comes to the digital economy,” he said. “By listening to opinions from all over the world, you get a boost of knowledge as to where the future is headed.”

Reflecting on the forum’s impact, he said: “The DFF is a tool for us to come up with an action plan for the future. By being inclusive and collaborative, we aim to build a world that’s ready for whatever comes next.”

 


Saudi Cabinet approves standard incentives for industrial sector

Saudi Cabinet approves standard incentives for industrial sector
Updated 17 December 2024
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Saudi Cabinet approves standard incentives for industrial sector

Saudi Cabinet approves standard incentives for industrial sector

RIYADH: Saudi Arabia’s Cabinet has approved a set of standardized incentives aimed at boosting the Kingdom’s industrial sector, marking a significant step in the nation’s ongoing efforts to diversify its economy.

The decision was made during a Cabinet meeting chaired by Crown Prince Mohammed bin Salman on Tuesday, according to the Saudi Press Agency.

The Cabinet also endorsed several other key measures, including regulatory support for the National Cybersecurity Authority and structural changes for the National Center for Marine Information. These initiatives are part of a broader strategy to strengthen various sectors of the economy and reduce Saudi Arabia’s longstanding dependence on oil revenues.

As part of the country’s push for economic diversification, the National Industrial Development and Logistics Program reported in August that the number of industrial establishments in Saudi Arabia grew by 60 percent from 7,206 in 2016 to 11,549 in 2023.

“The Cabinet’s approval of standard incentives for the industrial sector supports and enables the transformation journey in the Kingdom, which contributes to achieving economic diversification and raising the sector’s contribution to the gross domestic product,” said Saudi Finance Minister Mohammed Al-Jadaan in a post on the social media platform X.

The Cabinet also commended the recent visits of French Prime Minister Emmanuel Macron and UK Prime Minister Keir Starmer to Saudi Arabia, recognizing that such diplomatic engagements will enhance international cooperation in various fields.

Additionally, the Cabinet highlighted Saudi Arabia’s improved credit ratings, noting that recent upgrades by international agencies reflect the progress of the Kingdom’s economic reforms. In November, Moody’s raised Saudi Arabia’s long-term local and foreign currency issuer ratings to Aa3 from A1, signaling strong creditworthiness and the Kingdom's ability to meet its financial obligations.

Another significant development highlighted by the Cabinet was the launch of the Riyadh metro project, which is expected to enhance infrastructure, promote economic growth, and improve the quality of life for citizens.

The Cabinet also approved a memorandum of understanding between Saudi Arabia’s Ministry of Environment, Water, and Agriculture and Cuba’s environmental agency to strengthen cooperation in environmental protection. Furthermore, it authorized the Ministry of Industry and Mineral Resources to pursue a draft memorandum of understanding with Iraq’s Geological Survey to enhance geological and scientific collaboration between the two countries.

These decisions underscore Saudi Arabia’s commitment to advancing its economic and infrastructural development while strengthening international ties and environmental stewardship.


Sports Boulevard Foundation launches $933m fund for mixed-use development in Riyadh

Sports Boulevard Foundation launches $933m fund for mixed-use development in Riyadh
Updated 17 December 2024
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Sports Boulevard Foundation launches $933m fund for mixed-use development in Riyadh

Sports Boulevard Foundation launches $933m fund for mixed-use development in Riyadh

JEDDAH: Saudi Arabia’s Sports Boulevard Foundation has launched a SR3.5 billion ($933 million) real estate investment fund to develop Urban Wadi High Rises, a mixed-use project in Riyadh. 

SBF signed agreements with Riyadh Development Co., Turkiye’s FTG Development, and Jadwa Investment to establish the fund, which aims to transform Riyadh’s urban landscape. 

Spanning 40,000 sq. meters with a gross floor area exceeding 207,000 sq. meters, the Urban Wadi High Rises will adhere to Salmani architectural principles, blending cultural heritage with modern design, according to a press release.

The initiative is part of the broader Sports Boulevard project launched in 2019, which spans 135 km, linking Wadi Hanifa in the west to Wadi Al-Sulai in the east. Designed as the world’s largest linear park, it integrates sports, cultural, and environmental features to promote healthier lifestyles in line with Vision 2030’s Quality-of-Life objectives. 

Jayne McGivern, CEO of the Sports Boulevard Foundation, said: “Establishing a real estate investment fund and the strategic partnership it entails is a significant step toward enhancing urban development.”  

She added: “This fund reflects our unwavering commitment to the Sports Boulevard project and our vision of improving the quality of life in the city. We aim to transform Riyadh into one of the best in the world, contributing to regional growth and successfully achieving the overarching goals outlined in the Saudi Vision 2030.” 

As part of the deal, Sports Boulevard Development Co. will hold the majority stake, while Riyadh Development Co. and FTG Development will act as co-investors and developers. Jadwa Investment will manage the closed-ended fund, the release added. 

“Through collaboration with our partners, we will be able to provide Sports Boulevard’s Urban Wadi destination with world-class facilities that will guarantee a positive impact in all areas related to Riyadh’s community,” said McGivern. 

This is the second real estate investment fund launched by SBF, following its earlier fund announcement for the Promenade destination. The foundation described the initiative as a unique partnership model between the public and private sectors. 

Urban Wadi will feature a water canal with green spaces, pedestrian and cycling paths, shaded play areas, sports courts, a kayaking zone, and retail spaces with shops and restaurants. A 10,000-sq.-meter shaded structure will provide an additional community gathering space for residents and visitors.  

Jehad Al-Kadi, CEO of Riyadh Development Co., emphasized the project’s alignment with Vision 2030, noting its potential to enhance Riyadh’s infrastructure and support the Kingdom’s growth ambitions. 

“We are proud to announce the establishment of a real estate investment fund as part of our strategic partnership with the Sports Boulevard Development Company. This investment will support the common goal of the Sports Boulevard Project by providing world-class facilities to the residents and visitors of Riyadh,” said Al-Kadi.  

Given the project's significance and the Kingdom’s current economic and investment dynamics, he noted that a successful partnership had been formed with international real estate developer FTG Development to implement best practices in design, construction, and asset management.

Tariq Al-Sudairy, managing director and CEO of Jadwa Investment, underscored the fund’s role in strengthening Riyadh’s global standing, adding: “The management of this Fund demonstrates our commitment to strengthening Riyadh’s position as a global city by developing sustainable infrastructure to the highest standards, attracting investments that contribute to achieving the goals of Saudi Vision 2030, and improving the quality of life in the capital.” 

Launched in 2019 under the leadership of King Salman and Crown Prince Mohammed bin Salman, the Sports Boulevard project is a flagship initiative designed to enhance Riyadh’s livability and promote active lifestyles. 


Saudi Entertainment Ventures unveils $346m destination in Jazan region

Saudi Entertainment Ventures unveils $346m destination in Jazan region
Updated 17 December 2024
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Saudi Entertainment Ventures unveils $346m destination in Jazan region

Saudi Entertainment Ventures unveils $346m destination in Jazan region
  • Development supports SEVEN’s goal to expand entertainment offerings across the Kingdom
  • Global architecture firm Gensler will design the project

RIYADH: Saudi Arabia’s Jazan region is set to host a new SR1.3 billion ($346 million) entertainment destination, with Saudi Entertainment Ventures, or SEVEN, awarding the project’s development contract to Alfanar Projects. 

The project, covering 60,000 sq. meters of land and 73,000 sq. meters of built-up space, will be located near the North Corniche Park along Jazan’s waterfront, offering easy access for locals and visitors from nearby regions, according to a press release. 

The development supports SEVEN’s goal to expand entertainment offerings across Saudi Arabia, contributing to Vision 2030. It also aligns with the Jazan Municipality’s growing investment portfolio, valued at SR4 billion. 

Abdullah Nasser Al-Dawood, the chairman of SEVEN, said: “We are excited to unveil SEVEN’s new entertainment destination in Jazan, reflecting our ongoing commitment to enriching the Kingdom’s entertainment offering and enhancing the quality of life for communities across Saudi Arabia.”  

He added: “This destination celebrates the natural diversity and rich cultural heritage of the Jazan region, providing exceptional leisure experiences for residents and visitors alike.”  

The venue will feature attractions such as an indoor golf course, an entertainment district with rides, a cinema complex, a karting track, an indoor adventure center, as well as various dining and retail outlets. 

Global architecture firm Gensler will design the project, incorporating elements of the Red Sea coastline, Jazan’s mountain ranges, and the region’s iconic jasmine flowers, the release added. 

“We are honored to collaborate with SEVEN to develop this landmark entertainment destination in Jazan. Our shared commitment to excellence and innovation will ensure the project meets the highest quality of standards and contributes meaningfully to the Kingdom’s growing entertainment sector,” said Amer Alajmi, executive vice president of Alfanar Projects.  

The project is an exciting opportunity for Alfanar to play a key role in bringing world-class experiences to the Jazan community and beyond.” 

He described the project as an “exciting opportunity” for Alfanar to play a pivotal role in delivering world-class experiences to the Jazan community and beyond. 

The Jazan region is seeing a surge in development, with a project pipeline currently containing 47 projects with a combined construction cost exceeding SR3 billion. Among the projects are two seafront developments, 15 boulevard and resort projects, four hotels, three hospitals, 10 markets, and 13 industrial sites.

SEVEN, part of the Qiddiya Investment Co. and backed by the Public Investment Fund, is investing more than SR50 billion in developing 21 entertainment destinations across 14 cities in Saudi Arabia, furthering the Kingdom’s ambitions to transform its leisure and tourism sectors. 


30 Polish firms set to open HQs in Saudi Arabia, says minister

30 Polish firms set to open HQs in Saudi Arabia, says minister
Updated 17 December 2024
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30 Polish firms set to open HQs in Saudi Arabia, says minister

30 Polish firms set to open HQs in Saudi Arabia, says minister
  • Interest with Kingdom’s efforts to position itself as a regional hub for digital innovation under its Vision 2030 plan
  • Kingdom’s Regional Headquarters program came into effect at the beginning of 2024

RIYADH: Poland is currently working to establish headquarters for up to 30 companies in Saudi Arabia as both nations focus on expanding business cooperation, particularly in technology and digital sectors. 

Polish Deputy Prime Minister and Minister of Digital Affairs Krzysztof Gawkowski confirmed this during a meeting in Riyadh with Hassan bin Moejeb Al-Huwaizi, chairman of the Federation of Saudi Chambers, and several investors from the Kingdom, the Saudi Press Agency reported. 

The interest of Polish firms in setting up headquarters in the Kingdom aligns with Saudi Arabia’s efforts to position itself as a regional hub for digital innovation under its Vision 2030 plan. 

“The Kingdom’s experience in the field of technology, digitization, and artificial intelligence represents an inspiring experience and a model to be emulated in the Middle East,” Gawkowski said. 

Gawkowski revealed that several Polish companies have already obtained licenses to open offices and branches in Saudi Arabia. 

This comes after the Kingdom’s Regional Headquarters program came into effect at the beginning of 2024, aiming to attract multinational corporations to set up their Middle East base in the country. The program offers significant financial incentives, including a 30-year corporate tax exemption for qualifying activities. 

The meeting, which included representatives from both governments, aimed at strengthening business ties and exploring opportunities in emerging technologies, including artificial intelligence and digital infrastructure. 

During the discussions, the Polish minister noted that his government is ready to support Saudi projects and investments in Poland, offering all necessary guarantees and facilities. 

Ibrahim Al-Mubarak, assistant minister of investment and CEO of the Investment Marketing Authority, emphasized Saudi Arabia’s potential as a key partner for Poland in sectors like communications, information technology, and artifical intelligence.  

He also highlighted opportunities in food security and agriculture.

Hassan Al-Huwaizi, chairman of the Federation of Saudi Chambers, highlighted that the meeting follows the success of a recent visit by the federation’s delegation to Poland.  

He emphasized the goal of expanding trade beyond the current $9 billion and expressed optimism for broader cooperation between the two nations. 

Abdullah Abu Dabil, chairman of the Saudi-Polish Business Council, added that companies from the European country are set to open their headquarters in the Kingdom by the first quarter of 2025. He also mentioned that a joint action plan is being developed, along with an exhibition for Polish companies in the Kingdom. 

The meeting also featured presentations from the Saudi Data and Artificial Intelligence Authority and Polish counterparts, exploring digital infrastructure and investment opportunities in both countries.  


Saudi Arabia has extracted lithium from oilfield runoffs, says vice minister

Saudi Arabia has extracted lithium from oilfield runoffs, says vice minister
Updated 17 December 2024
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Saudi Arabia has extracted lithium from oilfield runoffs, says vice minister

Saudi Arabia has extracted lithium from oilfield runoffs, says vice minister
  • Lithium is a key component in the batteries of electric cars, laptops, and smartphones

RIYADH: Saudi Arabia has successfully extracted lithium from brine samples from Aramco’s oilfields and plans to launch a commercial pilot program for direct extraction soon, the Saudi vice minister of mining affairs said on Tuesday.

Lithium Infinity, also known as Lihytech, a startup launched out of King Abdullah University for Science and Technology, will lead the extraction project with cooperation from Saudi mining company Ma’aden and Aramco, Khalid Al-Mudaifer told Reuters.

“They are extracting lithium through their new technology they have developed in King Abdullah University for Science and Technology and they are in accelerated development in this regard,” he said.

“They’re building a commercial pilot at the oil fields. So the brines that come out of the field will feed into this commercial pilot on a continuous basis,” added Al-Mudaifer.

Lithium is a key component in the batteries of electric cars, laptops, and smartphones.

The vice minister said that while the cost of extracting lithium from the brine runoffs from oil fields remained higher than the traditional method of extraction from salt flats, but added he expected that if lithium prices grew the project would soon be commercially viable.

Aramco, KAUST, and Ma’aden did not immediately reply to Reuters requests for comments.