ABCC Economic Focus 24.02

ECONOMIC FOCUS

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M M E R S E T S S A IL

SIDI ABDEL RAHMAN

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Saudi Ministerial Roundtable on Opportunities in the Education Sector

A high-level Ministerial Roundtable with His Excellency Mr Yousef Al-Benyan, Saudi Arabia’s Minister of Education, was hosted by the chamber at its Mayfair premises on 21 May 2024.

During the roundtable discussions, the Minister spoke in detail about the growth and development of the education sphere in Saudi Arabia and was joined by a senior Saudi delegation including Mr Abdulrahman Al-Hajri, the KSA Deputy Minister for Investment at the Ministry of Education. The event was held to shed light on business opportunities in the education sector.

Opening the event, Rt Hon Baroness Symons, ABCC Chairman, formally welcomed the minister and his team. In her remarks, she focused much on professional development and the education of young Saudi citizens which she said formed a key part of the Kingdom’s Vision 2030. Cooperation in the education was an important area for deepening the UK-Saudi strategic partnership.

The main presentation was delivered by His Excellency Professor Yousef Abdullah Al-Benyan, the Saudi Minister of Education, who stated that he was overwhelmed by the positive response to the event and in particular the large number of participants. Over 130 people had registered for the event which was held in the auditorium at the ABCC’s Mayfair premises.

In his speech, the Minister stressed the following points:

The significance of the historical relationship between KSA and the UK and the role of education within this context and in particular the importance of youth development.

He said that Vision 2030 meant that the KSA had more than 85 universities and the vision offered an opportunity for the UK and KSA to complement each other within the education field.

The Kingdom was working to enable its people to become globally competitive citizens and welcomed partnership with the UK to achieve this aim. In this respect, more than 14000 Saudi citizens were studying in the UK on various scholarship programmes.

At the same time, the Minister emphasised that it was essential to ensure that the Kingdom became a destination of choice for education. New initiatives were being introduced to attract people and teachers into the Saudi education sector.

In particular, there was increased demand for special needs schools and a need to enhance capacity and capability.

His Excellency stressed the need for the private and public sectors of education to work more closely together.

The Kingdom recognised the importance of digital awareness and stated that the KSA was investing heavily in digital as it had implications across all sectors.

The Minister went on the highlight the need for more lifelong learning. He addressed the question of the development of the curriculum to enhance the appreciation of practical skills.

H E Professor Yousef Abdullah Al-Benyan concluded by answering questions from members of the audience which ranged widely over various topics including the opportunities for SMEs in the delivery of digital services in the Kingdom,

the strengths of the UK tertiary sector and teacher training, Saudi needs for language learning including English and other languages, how the Kingdom welcomed private sector involvement, the role of R&D, boarding schools, and technology as a educational tool.

Senior members of the Saudi delegation headed by the Minister who were visiting the UK included:

Mr Abdulrahman Al-Hajri

Deputy Minister for Investment at the Ministry of Education

HE Prof. Einas Al-Eisa

President of Princess Norah University

Dr Abdullah Al-Salman

President of King Saud University

Dr Mohammed I. Alodaib

Deputy Minister for Private Education

Dr Abdulrahman Alamri

Assistant Deputy Minister for International Cooperation

Dr Hala Alshahrani

Deputyship for International Cooperation

Dr Sulaiman Aljarallah

Deputyship for Scholarship

The delegation members were accompanied by officials from the KSA Embassy in London including Dr Amal Fatani, the Saudi Cultural Attaché.

His Excellency Mr Yousef Al-Benyan, Minister of Education, KSA, speaking at the ABCC.

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Second Members’ Networking Event of 2024

The second of the ABCC’s popular member focused networking events of 2024 took place with great success on the afternoon of 23 May 2024 with representatives from seven of our member companies showcasing their top grade expertise, products and services before an audience of members, non-members and diplomats.

Chaired by Mr Abdeslam El-Idrissi, ABCC Deputy CEO & Secretary General, with welcoming remarks delivered by Mr Bandar Reda, ABCC Secretary General & CEO, the event held in the auditorium at the Chamber’s Mayfair premises proved to be as enjoyable as it was informative with inspiring speeches from members displaying an impressive range of talent and expressing great optimism about the growing opportunities arising from doing business in the Arab markets.

Delegates unfamiliar with the ABCC’s activities and services were informed of preparations for the forthcoming Arab British Economic Summit 2024 to be held in November and the upcoming Wimena Women in Sport Conference taking place at Chelsea Football Stadium, among other events.

Speakers taking part in the event were from Hashmove Inc, TASIS the American School in England, Diligencia, Arishi, Aswar Sports Agency, Airc.Digital and HCR Law LLP.

The presentations and discussion concluded with a social gathering in the board room and on the terrace where refreshments were served and where informal one-to-one discussions were held.

Jaime Ingram, Co-founder and BIM lead, AIRC DIGITAL OpenBIM Consultancy

Andrew Elia, Managing Director, Arishi

Amanda Nelson, Senior Legal Counsel, Head of Private Wealth London, HCR Law LLP and John Karim, Private Wealth Solicitor, HCR Law LLP

Mr Abdeslam El-Idrissi, ABCC Deputy CEO & Secretary General

Mary Biddlecombe, Director of Development and External Relations at TASIS The American School England

First Wimena Women in Sport Conference held in London

The ABCC was delighted to be part of the WiMENA Women in Sport Conference that took place at Chelsea Football Stadium, London, on 6 June 2024.

The full-day event was widely seen as a tremendous success and attracted a large audience of top executives, industry experts, investors, sports personalities and athletes alongside diplomats from the UK and Arab World.

Hundreds of delegates attended the conference to hear inspiring speakers including leading professional sportswomen, diplomats, sporting entrepreneurs and consultants sharing their expertise and experience.

Experts in five panel sessions looked in detail at core topics driving the sports sector today such as a women’s inclusion, commercial opportunities, technology in sports and sports tourism.

The event was also envisaged as a celebration of the continuing achievements of women in sport. The conference successfully turned the spotlight on the growing sporting activities and achievements of Arab women and how they are making their mark across fields of competitive sports as varied as athletics, motor racing, international tennis, horse riding and football.

The event fulfilled all its objectives which were varied, such as,

– Providing insight into the strategies for fostering gender equality in the GCC countries.

– Enabling participants to exchange knowledge and skills while networking among peers, mentors and experts who share a passion for women’s empowerment in the sports sector.

– Learning from the experiences of acclaimed sportswomen who have broken barriers athletes, coaches, brand managers or agents of change within the industry internationally.

– Offering an opportunity for networking to build business relations that benefit commercial opportunities.

The event programme covered topics such as increasing women’s access to sports, securing sponsorship deals, talent development and issues related to wellbeing.

Discussions addressed how modern sport increasingly involves the technology sector and there was a special country focus on the growth in sports within the Kingdom of Saudi Arabia driven forward by its Vision 2030 strategy.

Formally opening the event, the Rt Hon

Baroness Symons of Vernham Dean, ABCC Chairman, spoke of the importance of encouraging more women to participate in sporting activities and the need to increase efforts to support them. She warmly thanked all the organisers, sponsors and supporters for launching the event on what was an inspiring topic.

In opening remarks, H R H Prince Khalid bin Bandar Al Saud, the Ambassador of the Kingdom of Saudi Arabia to the UK, welcomed the conference as a celebration of women all over the Middle East who were increasingly active in sport, and in particular in Saudi Arabia.

Sport, the Ambassador noted, was not simply a leisure activity; sport was an important commercial activity that created jobs and opened up new opportunities for men and women.

On behalf of the UK government, Lord Ahmad of Wimbledon, then Minister for the Middle East, stressed that sportswomen were today breaking down many barriers and had become an inspiration to many, including himself.

He believed that “Sport has the power to change the world”, alluding to a comment once made by the late South African leader, Nelson Mandela.

The minister expressed the conviction that the various insights shared by speakers at the conference would contribute towards developing practical guidance for future advances in the sporting field.

Leading paralympic sports personality, Baroness Tani Grey-Thompson, now a notable TV sports presenter and passionate advocate for sport, shared her personal story of success within her domain and stressed the vital importance of physical activity for child development in the early years and throughout education.

In a comprehensive programme, other topics under discussion consisted of sport as a vehicle for increased gender equality, unlocking sports potential for developing female talent, the impact of role models as catalysts for inspiring more young women to take part n sporting activities, the growing importance of technology within the sports industry, how hosting sports competitions and events boost tourism and the commercial opportunities opened up by the increasing popularity of sport among women.

A special session was devoted to the transformation of the sporting world in Saudi Arabia under the guidance of the kingdom’s Vision 2030 strategy with a panel of high level speakers drawn from private industry and government headed by Mohammed Awlia, General Manager of Strategy & Planning and of Special Projects at the Ministry of Sport. Industry experts involved in the development of sport in the Kingdom shared their insights on major events as the Saudi Grand Prix.

Amanda Fone, Founder & CEO, F1 Search and Recruitment Ltd, is planning a Women’s Career Accelerator programme in Saudi Arabia in 2025 in line with the 2030 Vision.

The high calibre speakers’ panels consisted of Ms Arwa Al Bulushi, Commercial and Investment Attache, Embassy of Oman, Shaima Saleh Alhusseini, CEO, Saudi Sports for All Federation, Lama Al Fozan, Vice Chair, Saudi Athletics Committee, and Sarah Essam Hassanin, from the Egyptian Women’s National Football Team.

The sports personalities taking part in the event included British racing drivers, Abbie Eaton and Burca Cetinkaya and English rugby player, Sarah Bern.

Advocates on behalf of women in sport included Lisa O’Keefe, Secretary General of the International Working Group (IWG) on Women and Sport, Karen Webb Moss, Chair of Aquatics GB and Strategic Adviser/ Chair of More than Equal, and Janie Frampton OBE, Vice President of the International Federation for Sports Officials and the Greater Birmingham Global Chamber of Commerce.

Experts included consultants and investors such as Jennie Price OBE, Portas Consulting, Heba Bevan OBE, CEO & Funder, Utterberry Ltd and global entrepreneur Nalain Naidoo.

Joining the speakers were senior academics, Brigitte Stangl, University of Surrey, Professor David Hassan, University of Ulster and Katy Storie, Director of Sport, Newcastle University.

Delivering remarks at the conclusion of the conference, Mr Bandar Reda, ABCC Secretary General & CEO, welcomed the huge success of the event and expressed pride in the exceptional achievements of Arab sportswomen and the opportunities opening up for them in particular in Saudi Arabia.

The ABCC was proud of its involvement in the inspiring and innovative initiative which had seen the chamber partner with businessto-business networking organisation, WiMENA -Women in the Middle East and North Africa. It was a unique international event, enjoyable, inspiring and informative.

Mr

Ms Heba Bevan OBE

Ms Arwa Al Balushi, Commercial & Investment Attache, Oman Embassy

Bandar Reda, ABCC Secretary General & CEO

Montenegro Business Forum highlights attractive investment opportunities

The Montenegro Business Forum took place at the Chamber’s Mayfair premises on the afternoon of 17 July 2024, held in collaboration with Montenegro Properties, an ABCC Platinum member. Formally opened by Mr Bandar Reda, ABCC, Secretary General & CEO, the forum was chaired by Mr Abdeslam El-Idrissi, ABCC Deputy CEO & Secretary General.

The panel of speakers, Aleksandra Draskovic, Mladen Grgic, Richard Moir and Ana Zlokovic provided key insights into the investment opportunities in the Republic of Montenegro to an audience of business executives, investors and diplomats from both Montenegro and the UK. The speakers highlighted Montenegro’s many attractions for investors such as its geostrategic location in southeast Europe, its low corporate tax rate, diverse climate and impressive economic growth, as well as some of the incentives for investment in numerous sectors including real estate, tourism and services.

In his opening remarks, Mr Reda, expressed his pleasure at hosting the forum and stressed that the Chamber can play a strong and important strategic role in bringing together Arab and British investors with partners in Montenegro.

As a global financial centre, he said, London is exceptionally well placed to assist Montenegro in realising its ambitions of attracting more inward investment.

Mr Reda believed there were significant mutual benefits to be achieved from closer collaboration between the UK, Montenegro and Arab investors.

Welcoming the delegates, Mr ElIdrissi introduced each of the speakers and steered the wide ranging

discussion. Setting the agenda, Mr El-Idrissi touched on some of the reasons why investors should look to Montenegro, such as its stunning coastline on the Adriatic and open business environment that seeks to attract private investment.

In her presentation, Ms Aleksandra Draskovic, Founder & CEO of Montenegro Properties Ltd, discussed the real estate opportunities in Montenegro, addressing the growing property market, tourism-related investments, and the benefits of investing in the republic’s real estate sector.

Mr Abdeslam El Idrissi

Ms Aleksandra Draskovic, Founder & CEO, Montenegro Properties Ltd

In her presentation, Ms Ana Zlokovic, Sales Director, Luštica Bay, highlighted the development and investment opportunities available in the Luštica Bay project, showcasing its prime location in Montenegro for investors.

Mr Mladen Grgić, Economic Diplomacy Advisor to the President,

Government of Montenegro, elaborated on Montenegro’s strategic economic policies and the attractive package of incentives it had developed for foreign investors, focusing on the government’s commitment to a business-friendly environment, including tax benefits and streamlined decision-making processes.

In the final presentation, Mr Richard Moir, Global Representative, Family Office Belgrade, NTL Trust Group, shared his vast global experience of the region and presented on the services and opportunities offered by the Family Office in Belgrade for international clients.

The Montenegro Business Forum provided detailed insights into the various opportunities in the country and acted as a vital platform for fostering economic ties and exploring new business avenues. The participation of influential investors and key figures from both Montenegro and the UK underscored the importance of cross-border collaboration in driving forward economic growth. The forum successfully highlighted Montenegro’s potential as a prime destination for investment, tourism, and business development.

Ms Ana Zlokovic, Sales Director, Luštica Bay

Mr Mladen Grgić, Economic Diplomacy Advisor to the Montenegro President

Finance & E-commerce Forum highlights growing opportunities

The Arab British Chamber of Commerce was delighted to host the second sectorial event titled ‘Finance & E-Commerce’ on the afternoon of 24 July 2024 as part of the preparations for the forthcoming 4th Arab British Economic Summit 2024.

The event in the auditorium at the Chamber’s Mayfair premises saw an expert panel address key issues in global finance and e-commerce before an audience on investors, senior executives, professionals from diverse industries and diplomats.

Chaired by ABCC’s Deputy CEO & Secretary General, Mr Abdeslam ElIdrissi, our distinguished speakers were Mr Winston Bell-Gam, Partner, HCR Law LLP, Mr Rupert Gather, Chairman, InvestUK, Ms Jamila Saidi, Head of Digital Commerce, DBT, Mr Zayd IdrissiRegragui, Founder CEO, Mustashar, and Mr Valur Thor Gunnarsson, CEO, Taktikal.

The speakers shared key insights into the growth of fintech and the expansion of the e-commerce market, the application of AI in various industries, the concept of business onboarding, how MENA products can access the UK market by using technological innovation and the importance of the private sector in attracting FDI and project financing.

The event proved highly successful in addressing the challenges and solutions that are posed to business and traders by the growth in financial services and e-commerce.

Winston Bell-Gam addressed the role of project finance in the delivery of new infrastructure, especially with regards to the mobilisation of finance needed to establish the new data infrastructure essential for the successful adoption of AI and e-commerce. He explained the key stakeholders involved in project finance as being the public and private sectors alongside special interest groups.

Mr Bell-Gam based his observations on his experience of working in the MENA region, in particular on projects with Qatargas and the East African Development Bank.

Mr Valur Thor Gunnarsson, Mr Zayd Idrissi Regragui, Mr Winston Bell-Gam, Mr Rupert Gather and Ms Jamila Saidi

Mr Abdeslam El-Idrissi

Rupert Gather described the importance of FDI within the framework of the financial ecosystem that involved the numerous investment agencies seeking to attract investment, of which the UK had more than a hundred located around the country.

He explained that his organisation, Invest UK, was not a UK Government agency, but a private sector institution that worked to attract inward private investment to support SMEs in various sectors like education, retail, green energy, IT and publishing.

Mr Gather named the positive factors that make the UK an attractive location for FDI such as its reputation for the rule of law, the international language of English, availability of finance, skills and logistics.

He stated that the UK boasted hundreds of investment agencies in all pats of the country that were seeking to attract FDI. Local knowledge was key to enabling companies to access the grants and services that were readily available in the markets that they were seeking to operate.

Zayd Idrissi-Regragui stated that his company, whose Arabic name translated as “consultancy,” was driven by a passion to help MENA brands adapt their brand messaging to successfully enter to UK consumer market. He had set up

his company to provide customised brand development strategies to MENA companies seeking to take their brands global.

Mr Idrissi-Regragui explained that while many MENA branded products were already well established they were often confined to specific segments, but these were relatively small. The ambition of his firm was to help MENA brands to succeed within the mainstream market which represented the vast majority of consumers.

Jamila Saidi, a senior civil servant with the Department for Business & Trade, stressed how the UK viewed the country’s relationship with the GCC as a prime opportunity for the British economy and looked forward to the conclusion of the UK-GCC Free Trade Agreement. The GCC represented the UK’s third largest export market and there was currently a digital revolution taking place in the Gulf, opening up new opportunities for business.

She outlined the work of the DBT in helping attract investment to the UK, while working to boost exports in both directions and helping companies succeed in both the UK and Gulf markets. She was enthusiastic about the growing opportunities arising from e-commerce, which she anticipated would constitute 50% of total global

trade by 2050 and which already had a value of $6.3 trillion.

The DBT was advising thousands of UK SMEs on how to derive benefits from this growth in digital trade, Ms Saidi explained.

Valur Thor Gunnarsson, who heads an innovative tech firm company with branches in the UK and Iceland, explained that the company’s role was to assist businesses by helping remove barriers to trade. He described how friction was bad for business and impeded success. As a customer onboarding specialist, he insisted on the need to fully understand how processes can take too much time, pointing out that some 65% of new customers abandon the application process in their first attempt because they are too complicated and time consuming.

Responding to the discussion, Mr ElIdrissi stressed that the ABCC was proud to partner with the DBT in promoting the closer Arab-British collaboration and looked forward to the conclusion of the UK-GCC FTA later in the year.

The sector forum was the second event covering themes that will feature in more detail in the programme of the forthcoming ABES2024, the ABCC’s flagship annual event which will meet on 25th November.

Innovate For Sustainability

Energy, Water & Food Security

JOIN US AT ABES 2024

A Message from Our CEO

‘I am delighted to invite you to participate in the Arab-British Chamber of Commerce’s flagship event of the year, the 4th Arab British Economic Summit – ‘Friendship Through Trade’.

This annual summit serves as a crucial platform for discussing emerging bilateral business opportunities including sustainable tourism, e-commerce, franchising, and innovations across all sectors among other topics. Now in its fourth year, ABES hosts a distinguished assembly of government ministers, officials, industry leaders, and visionaries from both the UK and the Arab world who convene to explore and debate the burgeoning opportunities that technological innovations and economic shifts are creating. Our past summits have set precedents for success and innovation and the 4th Arab British Economic Summit will not only continue this tradition but will elevate it to new heights.

With over 1,000 delegates registered and more than 35 speakers hosted during the 2023 summit across all sectors, I invite you to be at the forefront of this technological and economic transformation through joining us at this year’s summit. Your participation will offer your company several benefits, including increased brand exposure through numerous speaking opportunities, extensive media coverage and prominent exhibition booths.

Join us to pave the way for a future marked by enhanced collaboration and mutual prosperity. We are excited about the prospects that the forthcoming ABES2024 will open for enlightening discussions and invaluable networking opportunities.’

Mr Bandar Reda ABCC Secretary General & CEO

Friendship Through Trade

MONDAY, NOVEMBER 25, 2024 (08:00 - 18:30 ) (GMT+0 ), London

Secretary General at Gulf Cooperation Council (GCC)

The Rt Hon Baroness Symons Of Vernham Dean Chairman at ABCC

H.E. Dr.

General

Confirmed speakers so far:

His Excellency Jasem Mohamed Albudaiwi commenced his duties as Secretary General of the GCC on 1st February 2023.

His Excellency has a distinguished diplomatic career serving as Kuwait’s Ambassador to the United States from 2022 to 2023, Head of Mission of Kuwait to the European Union, 2017 to 2022, Head of Mission of Kuwait to NATO, 2016 to 2022, Kuwait’s Ambassador to Belgium, 2016 to 2022, Kuwait’s Ambassador to South Korea, 2013 to 2016, Deputy Director, Department of the Undersecretary of the Kuwait Ministry of Foreign Affairs, 2012 to 2013, among his various other posts.

Jasem Mohamed Albudaiwi has headed numerous official Kuwaiti delegations to various official gatherings, international initiatives and forums and spoken at different conferences on trade related matters and strategic issues.

His Excellency was born on 22 February 1968, and obtained a Diploma in Diplomatic Studies from the University of Oxford in 1993, and a B.S. in Mass Communications from the University of Utah, USA, in 1991. He is proficient in Arabic and English. He is married with three children.

The Rt Hon Baroness Symons of Vernham Dean is a senior Labour member of the House of Lords and a business leader. Formerly Deputy Leader of the House of Lords, Baroness Symons was a Minister in the UK Government from 1997 until stepping down in 2005. Among her government posts she was Minister for the Middle East, Minister for International Trade, Minister for Defence Procurement, and the Prime Minister’s envoy to the Gulf.

A former General Secretary of the First Division Association (FDA), she was also an Equal Opportunities Commissioner and a governor of the London Business School and London School of Economics.

As well as working closely with DLA Piper as Head of Government Relations, Baroness Symons was formerly a non-executive director of British Airways and Manchester Airports Group and was on the advisory boards of several companies including those with strong Middle East links, and a number of not-for-profit organisations including the International Red Cross.

Dr Khaled Hanafy is the “Secretary General of the Union of Arab Chambers” and Professor of Economics and International Business. He held several Governmental, academic, business and consultancy positions, most recent of “Minister of Supply and Internal Trade in Egypt”, “Chairman of Internal Trade Development Authority” and “Dean of College of International Transport & Logistics” in the Arab Academy for Science, Technology & Maritime Transport. He was awarded “The Best Minister” for two consecutive years according to top surveys, in recognition of developing a New Food Subsidy System serving more than 70 million Egyptians. Dr Hanafy had a remarkable contribution in developing the Egyptian internal trade, through launching a number on initiatives that were reflected in developing internal trade and in making it more efficient. These initiatives include: “Egypt’s Food Industries”, “Consumer Complexes E Linking Project”, “Gameeti Project”, “Internal Trade and Logistics Zones” and “Upgrade The Egyptian Storage Capacity”.

Dr Hanafy was the Chief Editor of the Economic constitution of Egypt. He was Chairman and board member of several holding companies in the private and governmental sectors. He participated in and headed a number of consultancy projects for the Arab League, the World Bank, the International Monetary Fund, the World Trade Organization, the United Nations, the International Labor Organization and the European Union. He was also an Economic Advisor for the Federation of Egyptian Chambers of Commerce and provided consultancy services to several national & multinational organizations.

He holds a PhD degree in International Trade and a MSc degree in Regional Development. He also holds many diplomas in International Trade, & Business Administration from top American universities. On the academic level, Dr Hanafy is a Professor of Economics and International Business and has a wealth of profound publications.

H.E. Jasem Mohamed Albudaiwi

Khaled Hanafy Secretary

at Union Of Arab Chambers

Mr Bandar Reda Secretary General &

CEO of ABCC

Abdeslam El-Idrissi Deputy CEO & SG of ABCC

Rabih El Fadel

CEO and Co-Founder of Zef Concepts Ltd & Phyla Earth Ltd

Andrew Elia Managing Director of Arishi

Mr Bandar Ali Reda joined the Arab British Chamber of Commerce, on 1st March 2019, as Secretary General and CEO, becoming the fourth person to lead the Chamber since its foundation almost five decades ago.

As CEO, Mr Reda contributes his expertise by drawing on his wealth of experience as a diplomat and extensive time spent in the private sector to ensure the Chamber moves to the next level.

Mr Reda has a distinguished professional career of more than a decade in banking and corporate industry at SABB HSBC Saudi Arabia, prior to senior positions in the diplomatic service of his country, the Kingdom of Saudi Arabia, where he served as Commercial Attaché in the UK & Europe, based in London, and in Italy and as part of the Saudi delegation to the Bureau International des Expositions (BIE) in Paris.

Mr Reda holds a BA in Economics and Business Administration from Orlando, USA. He has been an Executive Member of the Saudi-Italian Business Council, the Council of Saudi Chambers; a Member of the Business Youth Committee, Jeddah Chamber of Commerce; a Member of the Saudi Economy Association; and a Member of the Saudi Arabian legal accountants. Mr Reda has demonstrated his experience and abilities in his roles in both public and private sectors.

Since taking up his post, Mr Reda has successfully steered the Chamber throughout the difficult months of the pandemic and lockdown, a period which presented unprecedented challenges for international trade and the business community. Under Mr Bandar Reda’s guidance and leadership, the Chamber not only continued all its activities uninterrupted but extended its services during this period and has reinforced its reputation as the leading strategic business services organisation in the UK dedicated to strengthening Arab-British trade and building closer business co-operation.

Mr Abdeslam El-Idrissi is proud to have served the best part of over 36 years with the Arab British Chamber of Commerce, serving both as Director of Trade Services, Acting General Manager and now his present position as Deputy CEO and Secretary General. During this time, he has cultivated strong relationships with British Chambers, Government bodies, educational institutions, NGOs across both the Arab world and the UK regions, as well as the UK-Arab business communities as a whole.

To this end, Mr El-Idrissi is in much demand across the regions as a keynote speaker and as one of the UK’s leading experts on UK-Arab trade relations.

He is also a key member of the Institute of Export where in the past he has held the position of Vice Chair of the Institute of Export, London Branch fo.r a period of 7 years

Rabih is a pioneering figure in sustainability, with over 25 years of experience. He anchors ZefLab’s business direction and is the CEO & Co-Founder of Phyla Earth. Through his company, Zef Concepts, he’s shaped sustainable solutions across the built environment. His expertise spans low-energy designs, low-carbon initiatives, and comprehensive environmental frameworks. Rabih’s projects span Europe, the Middle East, USA, and Africa, marked by ethical considerations and adaptability. Notably, he’s been instrumental since 2014 in conceiving the Great Green Wall of Africa, showcasing his enduring commitment to transformative ecological projects.

Andrew is a hard-wired technology expert who has helped hundreds of clients create seamless, trusted applications for the fintech, commercial and advertising sectors.

Understanding the power of agile development and secure, highly performant software, his company, Arishi delivers solutions that are practical, imaginative and robust, with the flexibility to adapt to changing regulatory conditions.

Combining enthusiasm, experience and humour, Andrew is an inspiring speaker on technology. He has written for magazines and spoken at conferences, on how startups should use technology, mobile payments and the sometimes awkward union between technology and business.

Andrew has delivered ground-breaking technology across a variety of areas within financial services and artificial intelligence that others couldn’t, wouldn’t (or just plain didn’t) develop, often years ahead of the competition.

Arishi has become highly regarded in industries across the globe, where split second improvements in performance, usability and visual appeal are becoming increasingly important – government, health, finance, fintech, advertising, and international business, to name a few. Arishi has delivered exceptionally performant digital projects for major clients in the Middle East and has now established an office in Abu Dhabi, UAE.

When he’s not immersed in the virtual world, or pursuing his passion for retro computers, Andrew enjoys spending as much time as possible with his family, who all enjoy exploring the GCC region.

Karim Fatehi MBE CEO of London Chamber of Commerce and Industry

of Commerce

Julia

Chapka Othman CEO of Cambridge City Company

Peter Thomas Chief Clinical Information Officer and Director of Digital Development at Moorfields Private Eye Hospital

Karim Fatehi is the Chief Executive of the London Chamber of Commerce and Industry (LCCI). He has served as an LCCI Board member since September 2022 and has been a member of the LCCI Council for seven years. Karim is a highly experienced business leader and has served as Managing Director of United Corporation, a globally approved Engineering Procurement Management company which he established in 1995, for over 25 years. The company has twice won the Queens Award for International Trade in 2007 and 2011. He is also an expert in international trade and is currently serving as an Expert Trade Advisory Group (ETAG) Member on Small and Medium Enterprises (SMEs). In 2012, he was awarded an MBE for his services to international trade.

Jed Mrabet has been an Attorney at law at the Bar of Tunis since 2005 and a managing partner of Mrabet Avocats, a law firm founded in 1973 by the late attorney Kamel Mrabet. In 2018 he became Attorney before the Tunisian Supreme Court. Mr Mrabet holds a Master’s degree in Criminal Sciences from University of Toulouse - France and a Master’s degree in Legal Sciences from the Carthage University: “Faculté des sciences juridiques, politiques et sociales de Tunis” – Tunisia. He is responsible in Tunisia as well as throughout the MENA region for expanding the law firm as he has a dual training in French and Tunisian Law. In addition, he has been a counsel for numerous major companies such as in litigation, arbitration, M&A’s operations, banking, aviation, media, IT and franchising matters.

Besides his distinguished professional career, Mr. Mrabet is the President of the Tunisian-British Chamber of Commerce. He is also an active member of multiple business Chambers, such as the Tunisian-Italian Chamber of Commerce and Industry and the Tunisian-French Chamber of Commerce.

Julia is a Partner at Fragomen focusing on Global Government and Talent Mobility Strategies and is recognised as world leader in providing strategic immigration advice to governments, individuals and the world’s leading organizations. Julia divides her time between London and the Middle East.

Before joining Fragomen, Julia was a Partner, Legal Markets Leader and Head of Global Immigration at PwC leading complex multi-jurisdictional client engagements and providing strategic global immigration advice.

Julia is the Chair of the Board of the London Chamber of Commerce and Industry and sits on the Board of the Dubai International Chamber .

Julia is the Chair of the International Bar Association’s Human Rights Institute Charitable Trust and is on the board of the Permits Foundation.

In 2021, Julia was presented with the Outstanding Contribution to Global Mobility Award by the Forum for Expatriate Management and was included on the Think Global People:40 Outstanding Global Women 2023 list.

Chapka Othman, CEO of Cambridge City Company, is a successful business woman committed to raising the standards of both Education and welfare for all Youths in the Kurdistan region. She took the initiative to improve education in the area by developing her own company. At first it was a small project which consisted of a small nursery with just 20 students and 6 staff members. This small project is what we now know as Cambridge City Company. The project, led by Mrs. Othman was a first of its kind in Kurdistan as it was the first to bring Cambridge International Examinations to the region.

The company now comprises 5 Cambridge School branches with 4000 students and 300 staff members, the company also has amongst others, media production and book publishing departments and several office locations. Mrs. Othman takes a very active role in the running of all the schools and is currently a Principal of a campus that holds 1400 students aged 3-18.

Peter Thomas is the Chief Clinical Information Officer and Director of Digital Development at Moorfields Eye Hospitals. His primary interest is in digital transformation of clinical care, and creation of a hospital environment that can embed and sustain technologically enabled and automated services. To achieve this, he has recently founded the UK’s first Department of Digital Medicine. In 2022 he was named as “CCIO of the year” in the annual Digital Health Awards. By clinical training he is a paediatric ophthalmologist.

He is the digital/clinical lead for the NHSE eyecare transformation programme and sits on the NHSE Remote Monitoring Board. Prior to medicine Peter undertook his PhD in computational neuroscience at the University of Cambridge and spent time working in research and development at IBM.

Jed Mrabet President at Tunisian British Chamber

Onslow-Cole Partner at Fragomen

ABCC Translation Services

For all your translations from English to Arabic or Arabic to English.

With over 40 years’ experience in technical translation, the Arab-British Chamber of Commerce specialises in Arabic/English and English/Arabic translation and has excellent facilities and top quality translators.

Our translators are officially qualified and trained to handle customer requirements accurately and professionally in both languages. Our experience lies in first class commercial, financial, legal and technical translation of the highest standard.

The Chamber’s translation service is officially recognised by all the Arab embassies in London and by the Foreign, Commonwealth & Development Office (FCDO).

However, we strongly advise clients that the FCDO should authenticate all official documentation translated from Arabic to English if it is to be used in the UK. Translation of official documents from English to Arabic, for use in the Arab world, must be authenticated by both the FCO and the Arab embassy of the country where the document is to be used.

The ABCC translation service covers all types of documents, including:

Birth/marriage/baptism/divorce/death certificates

Certificates of academic qualification

Certificates of Origin

Commercial invoices

Company/personal financial documents

Divorce documents from the Shar’i Mazun or from a court of law

Memorandum & Articles of Association

Passport details.

Strategic Relocation: Why the Arab World is Key to Your Business Success

The attractions of the Arab World are growing as a prime destination for businesses from around the world seeking to expand their operations, boost exports and establish new commercial relationships.

Comprising large markets like the United Arab Emirates (UAE), Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman, in the Gulf, and others like Iraq, Algeria, Morocco and Egypt, the Arab region offers a blend of economic opportunities, strategic advantages, and business-friendly environments. This article explores the commercial benefits of relocating businesses to Arab destinations, with specific emphasis on Saudi Arabia’s burgeoning entertainment sector and provides strategies for enhancing lead generation and securing local partnerships.

Commercial Appeal of the Region

Strategic Hub

The Middle East and North Africa region’s strategic location at the intersection of

Europe, Asia, and Africa makes it an ideal hub for businesses looking to expand their operations globally. Proximity to major markets ensures efficient access to emerging Asian economies and established European markets, facilitating streamlined trade and logistics that reduce both transit times and costs.

Economic Diversification

Arab countries are at various stages of actively diversifying their economies beyond oil and gas, investing in tourism, finance, real estate, healthcare, and technology. This major historic shift creates a wealth of opportunities for global businesses to tap into new, lucrative markets. For example, Dubai’s ambition to become a global tech hub aligns with expertise in fintech, innovation, and digital solutions.

Attractive Tax Incentives

The region offers compelling tax incentives and benefits to foreign businesses. Arab countries now offer numerous free zones which provide tax exemptions, full foreign ownership, and simplified business setup processes.

The UAE, for instance, boasts over 45 free zones, including the Dubai Multi Commodities Centre (DMCC) and Jebel Ali Free Zone (JAFZA), which offer highly favourable conditions for business growth.

High Quality of Life

The region is known for its high standard of living, modern infrastructure, and world-class amenities. Cities like Dubai, Abu Dhabi, Manama and Doha offer excellent healthcare, education, and recreational facilities, making them

Relocation

attractive destinations for expatriates and their families. This high quality of life enhances employee satisfaction and retention, contributing to overall business success.

Access to

Capital

Arab countries have substantial financial resources and sovereign wealth funds (SWFs) at their disposal, such as Saudi Arabia’s Public Investment Fund (PIF), the Abu Dhabi Investment Authority (ADIA), Kuwait Investment Authority (KIA), Oman Investment Authority and the Qatar Investment Authority (QIA). There is estimated to be around 20 SWFs in the Arab states, managing around $3.7 trillion—which amounted about a third of global state fund assets in 2023.

These funds act as the financial powerhouse behind the extraordinary transformations we see taking place across the region, especially in terms of new infrastructure.

The sovereign wealth funds actively seek investment opportunities in various sectors, providing businesses with important access to capital and potential partnerships. In addition, local banks and financial institutions are also available to offer favourable lending terms to support business growth.

Quality Schools and Education Systems

Arab countries boast a range of high-quality schools and educational institutions with internationally recognised course accreditations and an increasing number of established education institutions from countries like the UK setting up overseas branches in different Arab locations. A premium is placed on English language education. Key cities offer a variety of international schools that follow curricula from the UK, US, and other countries, ensuring that locals and expatriate families have access to education standards comparable to their home countries. Additionally, prestigious universities and higher education institutions in the region attract global talent and foster a skilled workforce, further

enhancing the Arab region’s appeal for businesses considering relocation.

Major Development Projects: Neom

One of the most ambitious development projects in the region is the Kingdom of Saudi Arabia’s Neom, a $500 billion futuristic city planned in the northwest of the country. Neom is envisioned as a hub for innovation, sustainability, and cuttingedge technologies, covering sectors from energy and biotechnology to advanced manufacturing and entertainment. This project not only aims to transform the Saudi economy but also offers extensive opportunities for foreign companies. Businesses can benefit from Neom’s commitment to sustainability and technology, leveraging their expertise in these areas to participate in various facets of the project. The ripple effect of Neom on the wider economy is substantial, fostering growth in ancillary industries and creating a conducive environment for international partnerships.

A Common Vision of Economic Diversification

Arab countries are implementing strategic plans to diversify their economies and reduce dependence on oil revenues. Saudi Arabia’s Vision 2030, the UAE’s Vision, “We the UAE 2031”, Oman Vision 2040 and Qatar National Vision 2030 are prime examples of comprehensive blueprints designed to develop non-oil sectors such as tourism, entertainment, healthcare, and technology. These initiatives are opening doors for UK companies to engage in profitable economic activities, from infrastructure development to service industries, providing myriad opportunities for investment and growth. >>>

Relocation

Rise of Saudi Arabia’s Entertainment Industry

New Entertainment Culture

Under Saudi Arabia’s Vision 2030, the country has made significant strides in developing its entertainment sector. The Saudi General Entertainment Authority (GEA) has become pivotal in transforming the Kingdom’s cultural landscape, promoting a vibrant entertainment industry that includes concerts, festivals, cinema, theatres, and theme parks. This shift not only enhances the quality of life for Saudi citizens, residents and visitors but also creates vast business opportunities for international companies with expertise in the entertainment sector.

Sports and Concerts

Saudi Arabia has also become a major player in the global sports and entertainment arena. The country has hosted high-profile events such as the Saudi Cup (the world’s richest horse race), Formula E, and WWE wrestling matches.

Saudi Arabia is the sole bidder for the 2034 World Cup and is beginning preparations to host the 48-team tournament across fifteen stadiums in five cities, including eight in the capital, Riyadh, the Saudi Press Agency (SPA) reports. An announcement followed the kingdom’s official bid submission to the Fédération Internationale de Football Association (FIFA). The country aims to host “the largest-ever edition” of the tournament in a single country, as detailed in their bid book, which was published by SPA. The bid book outlines major sports infrastructure plans including five proposed host cities for the tournament, namely Riyadh, Jeddah, Al Khobar, Abha, and NEOM. The plans will involve 10 host locations, 15 stadiums, 16 airports, 134 training sites and 230,000room keys. The Cup will significantly boost the kingdom’s reputation for hosting international sporting events as well as strengthening the local sports sector.

In addition to sport, the country’s entertainment sector is growing significantly under the impetus of Vision 2030, with international music artists now performing regularly in the Kingdom, marking its emergence as a new hub for global entertainment.

Investment in Infrastructure

Saudi Arabia is also investing heavily in infrastructure as the tourism sector expands. The Qiddiya project, for example, is a massive entertainment, sports, and arts city being developed near Riyadh. Spanning 334 square kilometres, it will include theme parks, motor sport tracks, and a wide range of recreational facilities. Such projects are designed to attract international tourists and provide a world-class entertainment experience, further solidifying Saudi Arabia’s position in the global market.

Diverse Investment Opportunities

Technology and Innovation

With a focus on becoming a global tech hub, the Arab states offer lucrative investment opportunities in technology and innovation. Countries like the UAE and Saudi Arabia are investing heavily in smart cities, AI, and fintech, providing a fertile ground for tech companies and startups.

Renewable Energy

Arab countries are rapidly advancing in the renewable energy sector boosted by Dubai’s hosting of the COP28 UN climate summit. Investment opportunities abound in solar and wind energy projects, with countries like the UAE, Morocco, Egypt and Saudi Arabia leading the way in transitioning to sustainable energy sources.

Healthcare and Biotechnology

The healthcare and biotechnology sectors are experiencing significant growth in the region. Investment opportunities include

medical research, pharmaceuticals, and healthcare services, driven by an increasing demand for high-quality healthcare solutions for local and international patients.

Real Estate and Construction

The real estate and construction sectors offer substantial investment potential, driven by mega-projects and urban development initiatives. From luxury residential complexes to commercial real estate, the Arab countries provide diverse and lucrative investment opportunities.

Tourism and Hospitality

The Arab region’s focus on expanding its tourism and hospitality sectors presents numerous investment opportunities. From luxury hotels and resorts to medical, health, cultural and heritage tourism projects, the Middle East is a prime destination for investment in this sector.

Strategies for Success

Comprehensive Market Research

Thorough market research is essential to understand the local business environment, consumer preferences, and competitive landscape. Businesses should tailor their products and services to meet the specific needs of Arab markets. A well-defined market entry strategy, including identifying target segments and distribution channels, is crucial for success.

Building Local Relationships

Strong relationships with local stakeholders are vital for successful operations in the region. Networking with local business communities, industry associations, and government agencies can provide valuable insights, opportunities and access to funds. Participation in trade shows, exhibitions, and business forums help businesses connect with potential partners and clients.

Cultural Sensitivity

Understanding and respecting the local culture and business etiquette remains crucial for building trust and credibility. Businesses should invest in cultural training for their employees to navigate the nuances of Arab business practices effectively. Demonstrating cultural sensitivity and awareness can enhance relationships with local partners and clients.

Forming Strategic Alliances

Strategic alliances and joint ventures with local companies can significantly enhance market entry and expansion efforts. Local partners bring valuable market knowledge, regulatory insights, and business networks. Collaborative ventures leverage the strengths of both parties, creating a win-win scenario for growth and success.

Leveraging Digital Marketing

In the digital age, a strong online presence is essential for generating leads and reaching potential customers. Businesses should invest in digital marketing strategies, including search engine optimization, social media marketing, and content marketing. Localising digital content to resonate with Arab audiences improves engagement and lead generation.

Ensuring Legal Compliance

Navigating the legal and regulatory landscape is critical for successful business operations. Businesses should seek legal counsel to ensure compliance with local laws and regulations. Understanding licensing requirements, employment laws, and intellectual property rights helps prevent legal challenges and protects business interests.

Utilising Government Initiatives

Arab governments actively promote foreign investment through various

initiatives and programmes. Businesses should explore government-backed incentives, grants, and support programmes designed to attract foreign companies. Engaging with economic development agencies and investment promotion authorities provides valuable resources and guidance.

Commitment to CSR and Sustainability

Corporate social responsibility (CSR) and sustainability are increasingly important in the Arab business sector. Businesses that demonstrate a commitment to CSR initiatives and sustainable practices can enhance their reputation and attract customers and partners who view these issues with increasing importance. Engaging in community development projects and environmental conservation efforts strengthens local relationships.

Talent Acquisition

Attracting and retaining skilled talent is crucial for maintaining business success. Businesses should invest in talent acquisition strategies to hire local professionals with relevant expertise. Offering training and development programmes enhances employee skills and contributes to long-term business growth.

Embracing Innovation

The Arab region’s business environment is dynamic and constantly evolving. Businesses should remain agile and open to innovation, continuously adapting their strategies to market changes. Embracing technological advancements and staying ahead of industry trends provides a competitive edge.

Relocation

Conclusion

Relocating businesses to the Middle East offers significant commercial benefits. The Arab region’s strategic location, economic diversification, tax incentives, high quality of life, access to capital, world-class education systems, and diverse investment opportunities make it highly attractive as a destination for foreign investment. Major development projects like Neom and Saudi Arabia’s booming entertainment sector illustrate the extensive opportunities available, fostering growth and international collaboration. Moreover, ambitious strategic plans embodied in the various national vision strategies pave the way for diversified, profitable economic activities.

However, your business success requires a strategic approach, including comprehensive market research, building local relationships, cultural sensitivity, and leveraging digital marketing. By forming strategic alliances, ensuring legal compliance, and engaging in CSR initiatives, businesses can enhance their chances of generating more leads and securing reliable local partners. With the right strategies, businesses can thrive in the dynamic and prosperous Middle Eastern region, driving mutual growth and success. The ABCC is an important port of call for companies seeking to explore and achieve success in the Arab markets. We offer a range of services to help you fulfil your business objectives.

BIM and AI: Digital Collaboration is the Future of Construction

By Pierre Saunal, /Managing Director /Architect @ www.airc.digital

From Digital Twins to AI, ABCC member airc.digital - BIM experts and architects - take us on a journey to understand how the delivery of our smart cities all around the world is going through a dramatic transformation full of opportunities to better finance, design, deliver and operate all built assets.

Digital Twins

Digital Twins are more than 3D. They include all data required for the project, opening the way to 4D (time), 5D (cost) and so on. The main misconception about Digital Twins is that it is all about 3D. The reality behind this exciting technology is somewhat different. A Digital Twin is about interactions, as we recently discussed with his Excellency Fahad AlSolaie, Riyadh’s Deputy Mayor for Digitalisation, during the MENA Construction Summits 2024, invited by Nemetschek Group. His Excellency also explained that Riyadh Municipality is planning to use Digital Twins to test and discuss options when planning for the

construction and regeneration of key infrastructures.

The Digital Twin helps all stakeholders get the best of all opportunities. Even at the feasibility stage, the Digital Twin can help communicate key aspects of the project to potential investors through interactive models and virtual reality. The 3D model used is then basic, showing volumes and early design concepts. But it is already a Digital Twin as discussed with Chris Seymour, MACE’s MD for the MENA Region. The key with Digital Twins is to use this technology to create a legacy, to preserve the data. So, at airc.digital, we create Digital Twins using Building

Information Modelling (BIM).

BIM

The Architecture, Engineering, Construction and Operation (AECO) industry has worked on developing a common language to improve the way we are building our world. Wherever we are in the world, we can understand the way our built assets are planned, designed, built and operated. At last, one of the oldest industries in the world is taking steps to embrace modern methods of construction. Creating datadriven 3D models requires thinking about the people behind the software and how to collaborate with them.

At airc.digital, we call this intercollaboration, a concept we recently presented at BIM World Paris, invited by Graphisoft. BIM is based on three pillars: 1) software, 2) interoperability, 3) collaboration. These support the main asset of BIM, an open and evolutive file format readable by all software worldwide. Called Industry Foundation Classes (IFC), it not only guarantees that your project’s information will stay readable for generations to come, but also that it can be passed on through the project’s stages with no loss of data. IFC addresses the most important issue in the AECO industry, the lack of continuity between project stages leading to the same work being redone with additional costs, less efficiency, reduced quality and increased operational costs, keeping the dream of creating smart cities just that, a dream, impossible to realise.

Smart Cities

We are about to experience new kinds of data-driven cities relying on the processing of data to support our life in a sustainable way. To achieve this, we need to make sure that our data is created and mapped accurately. Creating data correctly means using the common language BIM has given us. Mapping data correctly means making sure that the information created for a project is located where it is supposed to be. Mapping data is critical and currently dangerously underestimated if you ask us. The smart systems will not be able to support the smart cities if they can’t find the information they need.

Imagine a library without any ways to search for a book. Imagine the internet without search engines. Then, imagine being an investor paying for the production of information for your built asset to then not be able to find it when you need it. Worse, imagine a smart city not working just because we couldn’t apply the basic principle of a library to the latest technology. This would feel like a missed opportunity just because we had the basics wrong. And it is just going to get worse with the rise of Artificial Intelligence.

Artificial Intelligence (AI) AI has been around us since we created artificial processes able to complete tasks faster than Human Intelligence (HI). Nothing new there?

Yes, you may be correct. Another concept then, which has been around for some time as well is the idea that AI is not a tool but a colleague. Yes, it is not AI we need to pay attention to, it is how fast AI evolves to be able to keep up with it. We may need to start accepting AI as a fully independent member of the team, especially in the AECO industry where it allows us to embrace creativity and sustainability by delegating more and more tasks to it.

We may not yet go so far as to say that AI will soon be sentient and beat us at the Turing Test, but AI needs to be able to find, understand and process the data it requires to perform the relevant tasks within the team. Without BIM as a common approach to digital collaboration, nothing that we aim to achieve in the near future will be possible.

Digital Collaboration

As BIM Managers for the public spaces of phase one of Riyadh’s Misk City, Al-Misraq, we produced a Digital Twin bringing together data from all disciplines involved in the project. We 3D modelled the design produced by our client FSDC. We used Archicad, a BIM software developed by Graphisoft and which provides us with the flexibility we need to create large scale Digital Twins.

However, being the only one using Archicad within the team, we embraced, as we do for all projects, the BIM Protocol. Based on the use

of IFC, it covered all aspects of the collaboration but one, the one we have since called inter-collaboration. It is not enough to be good at what you do if you can’t understand what others need from you. It doesn’t matter if it is AI or HI you are working with, if they don’t understand you, nothing good can come out of the process.

That’s why we decided for this project to not only deliver the information but to also assist to the best of our ability everyone in the project team to enhance digital collaboration in line with the employer’s information requirements. We helped everyone feel comfortable working with IFC to exchange and federate the datadriven 3D models produced by the project team for the benefit of the client. This process was for us a preview of what comes next.

What next?

Us. Wherever we come from, whoever we are, ‘’We’’ is next. A new age started and, at airc.digital, we believe that it will be built on intercollaboration between us all. We need to find a way to work better together. To build our world in a sustainable way. If we don’t evolve, the Earth will survive but the human race will not. We need to work together or there will be no future for us, for ‘’we’’. It may seem simple as an idea, but the simple ideas are the most difficult to implement. So, let’s work together to build a better future for ourselves and the generations to come.

Artificial Intelligence

Will AI prepare your next will?

How AI could rapidly alter the legal sector

By John Karim, HCR Law

Artificial Intelligence (“AI”) has already begun to alter the legal industry. Those of us with colleagues who are recent graduates will have seen the shocking ease with which some will rely on AI to assist them in their work. While it would be easy to chastise colleagues who do this, the more uncomfortable truth is that those who are learning how to use AI will be the ones to best take advantage of the productivity boost that AI can provide; after all, none of us have colleagues who still use typewriters.

Most people reading this article will be at least passingly familiar with ChatGPT, a general AI which relies on data “scraped” from the internet. ChatGPT can give you recipes, holiday suggestions, and even draft you a will – though not necessarily a good one. As AI relies on generating “new” documents based on existing information found online, it cannot anticipate changes in law and can only rely on the data available to it. ChatGPT 3.5, the version that is free for users, relies on information nearly three years out of date so it is almost inevitable that this will lead to inaccurate legal drafting.

The legal profession is beginning to implement its own AI solutions. LexisNexis, a trusted source of legal precedent for nearly all lawyers, has begun to implement an AI product, Lexis+ AI, for its US users. Lexis+ AI can find answers, summarise law and documents, and even generate correspondence and documents based on your prompts. While similar to ChatGPT, Lexis+ AI relies on its own up-to-date information when generating legal documents which should allow it to generate an accurate legal document following a prompt from its user.

Starting Gun

AI is a revolutionary tool and the starting gun’s echo is still reverberating. Further productivity gains can be secured through other AI products. Microsoft has recently launched Copilot

– its own AI software that links into the Office365 suite of apps such as Word and Excel. Due to wide use of Microsoft Office in law firms, it is likely that Copilot will be the first piece of AI software widely used by the legal industry. Copilot’s great advantage is to rely on data within a firm’s system therefore making all the history of letters, advice, documents and potentially client data you possess “usable” for AI.

An example: Mr John Smith completes a will questionnaire so that a solicitor can draft the document. The solicitor asks Copilot to “read” this document and prepare a draft will relying on the information in the questionnaire. The solicitor then asks Copilot to read the will and prepare an explanatory document. This information relies on a “typical” application of generative AI as it is not relying on information outside of its own system.

A likely future could see solicitors relying on multiple AI tools at once. If Lexis+ AI is eventually incorporated into Microsoft Word using a plugin, a solicitor could rely on Copilot and Lexs+ AI to prepare documents for clients. For example, the solicitor could ask for an advice letter to Mr John Smith setting out what the inheritance tax position could be based on the data in the questionnaire combined with legal information confirming the availability of various tax allowances and reliefs relying on the Lexis-

maintained data. The productivity saving could be huge as the time spent combining legal knowledge and advice with client-specific facts and instructions could be drastically reduced.

What’s left to do?

This begs the question, what is left for a solicitor to do? As described in the above paragraph, the “AI” is doing most of the work. The solicitor will still need to check everything and confirm that the AI has produced what was intended and the documents are legally correct.

There is a concern that as the usage of AI becomes ubiquitous, inevitably, the skill of drafting diminishes through lack of use and the ability of a legal professional to second-guess the AI is reduced. A balance will need to be struck to ensure that young lawyers are comfortable using AI while also building their own drafting skills to ensure that they understand why the AI has done what it’s done.

In the film 2001: A Space Odyssey, we are shown the direct link of hominids picking up a bone to use as a tool eventually leading to the development of space travel. Perhaps we are those monkeys first clumsily wielding AI.

John Karim, Arabic speaking Private Wealth solicitor jkarim@hcrlaw.com

HCR Law is a member of the ABCC.

New WTO Joint Initiative on Electronic Commerce adopted

UK and Saudi Arabia are among around 90 countries that have signed the international agreement.

Doing business electronically, as opposed to relying on paper, is faster, cheaper and more secure, benefitting businesses, workers and consumers. The Joint Initiative on Electronic Commerce (E-Commerce) at the World Trade Organisation (WTO) meeting in Geneva is the first global digital trade agreement. It was finalised on 26 July, marking the culmination of five years of negotiations among members of the WTO.

The new WTO Joint Initiative on Electronic Commerce sets out commitments that will encourage the adoption of legal frameworks that treat electronic and paper-based information equally and grant legal recognition to electronic transactions and processes.

The agreement will encourage the legal use and recognition of electronic transferable records, such as bills of lading, bills of exchange and promissory notes.

The economy-wide deal will boost global trade in goods, services and information and help to make trade faster, cheaper, fairer and more secure. It is set to deliver new growth opportunities for the countries that have signed the agreement, with global digital trade already worth £4 trillion and growing strongly.

The core elements of the agreement cover the following areas:

1) Enabling E-Commerce

• electronic transactions framework

• electronic authentication and electronic signatures

• electronic contracts

• electronic invoicing

• paperless trading

• single windows data exchange and system interoperability

• electronic payments

2) Openness and E-Commerce

• customs duties on electronic transmissions

• open government data

• access to and use of the internet for e-commerce

3) Trust and E-Commerce

• online consumer protection

• unsolicited commercial electronic messages

• personal data protection

• cybersecurity

4) Transparency, cooperation and development

• transparency

• cooperation

• development

According to the UK Department for Business & Trade, the Joint Initiative is set to deliver new growth opportunities for the UK, as increased digital trade, with fewer barriers, will lead to more opportunities and less red tape for UK businesses, new employment opportunities and higher wages for workers and increased choice and lower prices for consumers across the UK.

The UK is at the forefront of digital trade and has a comparative advantage in digitally delivered services such as finance, professional business services,

E-Commerce

Continued from page 33...

creative industries, engineering and much more. UK trade is driven by digitally enabled businesses, with exports of digitally delivered services amounting to £252 billion in 2021, or 77% of total UK services exports.

Global adoption of digital customs systems, processes and documents would increase UK gross domestic product (GDP) by between £2.7 billion and £24.2 billion in 2023 UK GDP terms, the DBT says.

The UK has secured provisions to:

• digitalise a wide range of trading systems to help make trade cheaper, faster and more secure for businesses trading goods and services around the world

• permanently ban customs duties on digital content among JI parties

• protect personal data of workers and consumers in line with the UK’s high data protection standards

• protect online consumers from misleading, fraudulent and deceptive commercial activities

• ensure an inclusive JI that recognises the importance of development and calls for technical assistance and capacity building for developing and least-developed countries

• encourage competition in the telecommunications sector by safeguarding the financial independence of regulators, improving access to telecommunications infrastructure and, where appropriate, assigning frequency bands through market based approaches.

The Joint Initiative gives confidence to businesses that they will be able to use electronic signatures, seals, time stamps and registered delivery services without fearing that they will be rejected purely because they are in electronic form. For consumers, this will simplify the purchase of goods and services requiring a signature to authorise the transaction, which will now be accepted digitally instead of having to be on a piece of paper.

Companies doing business electronically will be free to agree appropriate authentication and signature methods for their transactions. However, some methods of authentication or electronic signature may need to meet certain performance standards or require certification by an accredited authority.

The agreement facilitates interoperable electronic authentication and encourages cooperation on the mutual recognition of electronic signatures. This paves the way to more seamless cross-border trade.

Electronic contracts

The agreement ensures that electronic contracts are not denied validity and legal enforceability. Any exceptions must be set out in legislation or regulations. This will help businesses find new exporting opportunities and enter into supply contracts without having to physically travel to countries participating in the JI, making trade cheaper.

Electronic invoicing

The Joint Initiative ensures that electronic invoices are legally valid. Any exceptions must be set out in legislation or regulations. It also seeks to establish common principles and cooperation on interoperability that can prevent country-specific technical standards from becoming a trade barrier.

E-invoices are increasingly growing in relevance, especially for small businesses. Therefore, the agreement aims to ensure that parties design e-invoicing frameworks in a manner that will support cross-border interoperability and take into account international standards. For consumers, e-invoices facilitate quicker transactions and resolution of billing issues as they can be delivered instantly, reduce the risk of human error that can occur with manual invoicing and ensure easy access.

Paperless trading

By making the vast majority of the forms necessary for the import, export or transit of goods available and accepted electronically, the Joint Initiative will reduce administrative

barriers, transaction costs and time taken to import and export goods. For businesses, this will in many cases end the need to print off forms and hand them over at customs – a slow, expensive and old-fashioned way of working.

The benefits of moving to a paperless trading system include reduction in trade costs for businesses, especially small businesses, which will facilitate exporting, improved innovation (particularly in ‘just in time’ supply chains) and greater ability to tackle illegal and counterfeit trade.

Single windows data exchange

By facilitating the adoption of an electronic single trade window, the Joint Initiative will streamline import, export and transit procedures for businesses. This will make trade faster, simpler and cheaper, while enabling enhanced compliance, safeguarding and security across the supply chain.

Single trade windows eliminate duplication in data and documentation requirements, make better use of the available data and simplify the process for traders moving goods across the border. This ensures that businesses are able to export more easily and cheaply as trade administration documents and other documents required in the course of trade can be submitted through a single entry point in each jurisdiction.

Cybersecurity

The global expansion of the internet and the increased use of data by businesses, workers and consumers have increased the risks and costs of cyberattacks.

By facilitating cooperation, the development of national cybersecurity capability and risk-based approaches to cybersecurity, the Joint Initiative will help to protect businesses, workers and consumers engaged in digital trade and avoid potential trade barriers associated with prescriptive approaches to cybersecurity.

Electronic payments

Globally, electronic payments services have proliferated. The UK has a growing, innovative payments sector, and we are keen to ensure that the landscape for payments regulation creates an environment to allow innovative firms to thrive, both domestically and internationally.

The Joint Initiative provides a baseline for the development of regulations applied to this crucial sector and facilitates transparency and the adoption of international standards of regulation.

Preferential Treatment

A key component of the agreement is the preferential treatment for developing countries. The text of the agreement outlines provisions for technical assistance and capacitybuilding support to help these nations implement the new rules effectively.

It also aims to make permanent a long-standing moratorium exempting electronic transactions from customs duties, which has been extended at each WTO ministerial meeting since 1998 and is set to expire in 2026.

Saudi E-commerce Industry

Saudi Arabia has seen its e-commerce industry grow since the end of the pandemic. E-commerce sales through the “Mada” cards in Q1 2024, saw a 22 per cent annual growth rate, an increase of SAR7.89bn, reaching a total of SAR44.42bn. This represents the highest level ever, compared to the same period in 2023, when e-commerce sales were SAR36.53bn.

In terms of monthly growth, e-commerce sales in the kingdom recorded a 9.2 per cent increase, reaching SAR16.22bn in May, compared to SAR14.85bn in April 2024. According to the Saudi Press Agency (SPA), these figures do not include transactions made with credit cards.

Historic Agreement

The historic agreement on global digital commerce marks a pivotal moment in international trade. By setting new rules for digital transactions, enhancing consumer protection, and fostering innovation, it promises to drive economic growth and digital transformation across participant countries.

While the agreement is a major breakthrough it could take several years before full implementation and a few major countries, including the United States, Brazil, Indonesia, and Turkiye, have yet to sign up to it.

The Golden Sands of Opportunity: Thriving Saudi Arabia Beckons Foreign Businesses

By Ayman Al Awadhi, CEO, The Corporate Group

What picture do you imagine when you think of Saudi Arabia? Probably a vast, oil-rich desert landscape comes immediately to mind. That image, while not entirely inaccurate, is no longer the whole story. In recent years, the Kingdom has embarked on a fascinating transformation, one driven by a desire to diversify its economy and cultivate new avenues for growth beyond oil.

This strategic shift has significant implications, particularly for those with a keen eye for international business and investment opportunities. Let’s take a deeper look at the changing landscape of Saudi Arabia’s business environment and explore the exciting prospects it presents for foreign investors.

A Strategic Pivot

The kingdom is now diversifying its economy with a fervor that is both inspiring and disruptive. Sectors that were once peripheral are now at the heart of the kingdom’s ambitions: technology, renewable energy, tourism, healthcare, and manufacturing, to name a few.

The government in Riyadh is rolling out the red carpet for investors,

streamlining regulations, improving infrastructure, and cultivating fertile ground for innovation. Key changes include significant regulatory reforms, such as easing foreign ownership restrictions, simplifying business setup procedures, and enhancing intellectual property protection. Additionally, the government is investing heavily in infrastructure, technology, and human capital development.

The focus on privatisation and publicprivate partnerships is opening up new sectors for investment. Saudi Arabia’s transformation presents immense opportunities for businesses seeking to tap into a burgeoning market with a young, growing population and a government committed to economic diversification.

Saudi Arabia has made substantial strides in creating a business-friendly environment with a plethora of initiatives. Some of the main government initiatives paving the way for investors include:

• Vision 2030: A comprehensive plan to diversify the economy and reduce reliance on oil.

• Regulatory Reforms: Ease of doing business, streamlined procedures, and investor-friendly policies.

• Foreign Ownership Restrictions Eased: Increased foreign ownership limits in various sectors.

• Intellectual Property Protection: Strengthened IP rights to safeguard innovation.

• Infrastructure Development: Massive investments in transportation, energy, and digital infrastructure.

• Public-Private Partnerships (PPPs): Encouraging private sector participation in public projects.

• Diversification of the Economy: Focus on sectors like tourism, technology, and renewable energy.

• Free Zones: Establishment of special economic zones with attractive incentives.

• Talent Development: Investment in education and skill development to build a skilled workforce.

• Entrepreneurship Support: Programs and initiatives to foster a thriving startup ecosystem.

• Giga-Projects: High-profile projects like NEOM and the Red Sea Project are attracting global attention.

• Visa Reforms: Easing visa restrictions to facilitate business travel and tourism.

Focus Sectors and Economic Hubs

Saudi Vision 2030 has shifted the focus towards diversification and growth in sectors that have global relevance. The government is prioritising sectors like technology (AI, cybersecurity, e-commerce), renewables (solar, wind, hydrogen), tourism (cultural heritage, entertainment),

healthcare (medical devices, pharmaceuticals), and manufacturing (food processing, automotive components).

Strategically positioned for global logistics, the country enjoys access to key shipping routes via its Red Sea and Arabian Gulf coasts. Major economic hubs in the country include cities like Riyadh, Jeddah, and Dammam.

Government-led initiatives like NEOM, a futuristic smart city project, and the Red Sea Development Company are transforming specific regions, attracting investment and creating new economic opportunities.

The Growing Global Appeal

Saudi Arabia has witnessed a surge in foreign direct investment, attracting a diverse array of global companies. Prominent corporate names include technology giants like Amazon, Alphabet, and Microsoft, which have established regional headquarters in Riyadh. The kingdom has also lured automotive manufacturers such as BMW and Hyundai to set up production facilities.

In addition, financial institutions like JPMorgan Chase and Citigroup have expanded their presence, while energy and infrastructure firms are actively

Saudi Arabia

participating in giga-projects like the aforementioned NEOM and the Red Sea Development. This influx of foreign investment underscores Saudi Arabia’s growing appeal as a strategic location for global businesses seeking to tap into the entire region’s vast market potential.

Seize the moment

While Saudi Arabia has made substantial strides in creating a business-friendly environment through initiatives like Vision 2030, a few challenges do remain. Navigating the regulatory landscape can still sometimes be a challenge, especially for foreign businesses unfamiliar with local customs and procedures. While the government is actively addressing these issues, it will help to seek local support or expert guidance to navigate the complexities of the Saudi market.

Saudi Arabia is clearly no longer just a country rich in oil; it is a land brimming with untapped potential across an array of sectors and industries. As the kingdom continues its remarkable journey of transformation, foreign businesses that seize this moment of opportunity stand to reap the dividends for years to come.

The sands of Saudi Arabia are shifting, and they are golden with promise.

The Corporate Group is a Platinum member of the ABCC.

For more on The Corporate Group see the company website: https://thecorporategroup.ae/

Your guaranteed road

Surrounding the uncertainty of Brexit, the Arab-British Certificate of Origin remains the certain method to trade with the Arab world. There will be no changes to the certificate, and the ABCC’s services will suffer no interruption irrespective of Brexit’s outcome.

The Arab-British Certificate of Origin remains the only certain, secure and reliable means of export documentation for companies trading with the Arab world. There have been no changes to the certificate, and, likewise, the ABCC’s range of trade services remain entirely unaltered in the post-Brexit trading environment.

We at the ABCC remain available to support your exporting and wider business needs.

We at the ABCC remain available to support your exporting and wider business needs. www.abcc.org.uk

Saudi Arabia Advances Sustainability with Technology

“The Kingdom of Saudi Arabia is committed to harnessing technology, innovation, and science to empower people, safeguard the planet and shape new frontiers for all. We believe in the pivotal role of green technologies and sustainability e-orts to achieve prosperity across all economic sectors. Today, the Kingdom is leading initiatives that transcend borders to help countries adopt the most effective solutions to shape a more sustainable future for all”.

This statement from the Kingdom’s Minister of Communications & Information Technology, H E Abdullah Al-Swaha, appears by way of introduction to a new Digital & Space Sustainability report, which outlines recent advances made by Saudi Arabia in adopting the latest technology to further its sustainability goals at the heart of Vision 2030.

The Saudi Ministry of Communications and Information Technology (MCIT) and the country’s Communications, Space & Technology Commission (CST) are dedicated to advancing sustainability under the guidance of Vision 2030. Its latest report serves as a vital tool

underscores Saudi Arabia’s ongoing investment in digital infrastructure as a key factor in its emergence as a global leader in digital sustainability. Supported by a comprehensive strategy, visionary leadership, and a forward-looking regulatory framework, the Kingdom is well-positioned to reduce its environmental footprint.

In order to enable the ICT and Space sectors, the CST has developed a roadmap to achieve its sustainability objectives in alignment with the UN SDG’s, injecting sustainable thinking into the whole sector.

At COP28, the International Telecommunication Union (ITU),

CST spearheaded the digital circular economy track under the green digital action, highlighting the power of government-industry collaboration to bridge gaps in e-waste management for a circular economy.

CST has launched a “Digital Sustainability Toolkit” in partnership with the Digital Cooperation Organization (DCO). This toolkit includes five detailed steps to develop a digital sustainability strategic framework that meet all the needs, which begins with raising awareness, and realizing the best practices to developing strategy, and aligning with relevant stakeholders, then ending with implementation.

This toolkit represents the Kingdom’s commitment to support the green economy, climate change, and

exchanging expertise while adopting best practices for a sustainable society.

Sustainability Reporting

Sustainability reporting is vital for modern businesses, providing a transparent of their environmental, social, and governance (ESG) impacts. This involves disclosing efforts and outcomes related to sustainability, allowing stakeholders to assess a company’s true commitment. By integrating sustainability into core operations, companies can enhance their reputation, attract customers and talent, and gain better access to capital. Furthermore, it helps organizations identify and address inefficiencies, fostering internal accountability and continuous improvement.

Saudi Successes

The Saudi and Middle East Green Initiatives integrate environmental protection, energy transition, and innovative sustainability programmes for a greener future. In 2023, Saudi Arabia made significant progress in women’s empowerment, green initiatives, and renewable energy. The Kingdom’s ICT ecosystem has implemented practical solutions to enhance digital sustainability, reduce waste and emissions, and promote connectivity and gender equality in the labour force.

Saudi Green Initiative

As a leading global energy producer, Saudi Arabia is a key player in managing climate change impacts. SGI is a whole-of-society initiative that empowers all stakeholders in Saudi Arabia to create and innovate to achieve a green future.

Middle East Green Initiative

The Middle East Green Initiative is working to scale up regional climate action through cooperation and investment. This has resulted in clear and ambitious targets that bring the region together to collectively contribute to achieving global climate goals.

Essential Collaboration to Boost Sustainability

By working together, different entities can leverage each other’s strengths and resources to achieve a common goal and drive innovation. With the right partnerships and

collaborations, the KSA has made significant progress towards a more sustainable future.

Leveraging the power of the technology and right partnerships, Saudi Arabia continues to make substantial sustainability-related progress, including 13 success stories for more than 16 different entities in both the public and private sectors in relation to three main aspects: Environmental, Economic and Social.

The World’s First Zero Emission 5G Network

Zain KSA has unveiled the first zeroemission 5G network at the Red Sea, in collaboration with Red Sea Global. This revolutionary network will provide unprecedented connectivity prioritizing biodiversity in the region. The unique 3D-printed towers are powered by 100% renewable energy, seamlessly integrating with the environment to address visual distortion; they are specifically designed for shared use by all service operators.

These technologies help to provide cutting-edge infrastructure, o-ering high-speed connectivity, creating sustainable and visually harmonious structures, and ensuring the network is powered by renewable energy.

Using Geospatial

Tech and Remote Sensing to Optimise Agriculture

The project aims to compile comprehensive agricultural data for the Kingdom, using satellite imagery and field validations. This database will support decision-makers in developing and enhancing the agricultural sector.

Using these technologies enables precise monitoring and management of feed crops, ultimately enhancing efficiency and sustainability in the agricultural sector.

Solar Power

An innovative solution that automates the design of solar rooftop systems, utilizing cuttingedge algorithms and machine learning to enhance and simplify the creation of solar power installations for rooftops.

Machine learning and cutting-edge algorithms are technologies that help to enhance the initiative by automating and optimizing the

Saudi Arabia

design process for solar rooftop systems, improving accuracy, efficiency and scalability in creating solar power installations.

Saudi Space Agency – Reaching for the Stars

The Saudi Space Agency (SSA) launched the Kingdom’s first sustainable Human Space Flight (HSF) programme, which aims to prepare Saudi cadres to become professional astronauts. These astronauts will be launched on both short and long-stay missions to conduct research for the benefit of all humanity.

The research focus areas of the HSF programme will not only benefit us on Earth but will enable future missions to the Moon and Mars. These focus areas include but are not limited to physical science, human health, biology, biotechnology, biopharma, Earth Science, in-Space manufacturing, and technology development.

World’s First Industrial AI Model Saudi Aramco has made a groundbreaking advancement by launching the industrial sector’s first generative AI model. This innovation signifies a major leap forward in technological advancement and sustainability.

Language models, Quantum computing and real-time data analytics enable advanced problem-solving, efficient decision-making, and timely insights for optimized operations and sustainability. >>>

Saudi Arabia

Continued from page 41...

Deep Tech Nanotechnology

Manufactured smartly utilizing machine learning and DeepTech Nanotechnology. NanoPalm via its NGLNs promises affordable and accelerated pharmaceutical R&D activities to accelerate clinical trials in a cost-effective manner and ensure the success of drugs in gene therapy.

AI and deep tech nanotechnology help to optimize pharmaceutical R&D, accelerating clinical trials, and improving the success rates of drugs in gene therapy through precise and costeffective solutions.

Transforming Medicine with 3D Printing

King Faisal Hospital and Research Centre is revolutionizing the country’s healthcare with a personalized approach by leveraging advanced technologies. The hospital is revolutionizing healthcare by using cutting edge 3D printing technology for a more personalized approach.

Using 3D printing helps the hospital to enhance patient care through precise diagnosis and surgical planning.

Middle East’s First Tech Using AI to Diagnose Chronic Diseases

Healthcare startup SDM launched SAARIA to utilize AI for early detection and diagnosis of diabetic retinopathy with 97% accuracy. This condition affects diabetics and can cause irreversible blindness. The initiative helps diagnose diabetic eye disease early and prevents other organ complications.

Using an eye fundus camera, precisiontrained AI algorithms help to accurately read and interpret images in English and Arabic, improving diagnostic capabilities and outcomes.

Bringing Digital Education to Remote Communities

The Smart Truck, equipped with a digital classroom, is the result of a joint effort between stc and Huawei. This innovative vehicle travels throughout the Kingdom, reaching remote areas with the aim

of increasing awareness and bridging the gap between the elderly population and rapidly developing technologies.

Ehsan Charitable Work

The National Charitable Work Platform, Ehsan, backed by 13 government bodies, aims to boost the Kingdom’s charitable and developmental efforts. It focuses on increasing the non-profit sector’s impact on GDP and empowering both individuals and institutions to participate in social responsibility. Ehsan emphasizes reliability, transparency, and streamlining donations, striving for a smoother and more effective system for charitable contributions and community development.

Specialised Transport

The Hemam app is pioneering in its field, offering a specialized fleet dedicated to transporting individuals with disabilities, whether they have permanent disabilities, are elderly, or are recovering from day surgeries. Hamam goal is to facilitate the mobility of people with disabilities without any difficulties. Launched in Riyadh, the app operates with a fleet available around the clock. It provides customers with flexible options for making requests, allowing for immediate bookings or scheduled trips for a later time.

Looking to the Future

Saudi Arabia’s consistent investment in its digital infrastructure over the past several years is positioning the Kingdom to be a leader in digital sustainability commitments around the world.

This strong infrastructure, complemented by a comprehensive strategy, visionary leadership, and a forward-looking regulatory framework, will enable the Kingdom to limit its own environmental footprint.

In addition to the MCIT’s ICT Sector strategy, the

Communications, Space and Technology Commission (CST) is also preparing to meet future challenges with a stronger hand. This includes a focus on advancing the Space sector to support technological innovation and sustainability.

CST is also committed to contributing to the achievement of the UN’s Sustainable Development Goals, placing them at the centre of its regulatory practice.

The future is digital, and CST is ready with full force as it marches toward becoming one of the world’s most developed 5th generation digital regulators.

Conclusion

Welcoming the report, H E Dr Mohammed Al-Tamimi, Governor, Communications, Space & Technology Commission (CST), states,

“As we navigate the complex intersection of digital, Space exploration, and sustainability, one truth remains clear: our mission is entrenched in sustainable development. The most impactful technologies developed by the global community are meant for everyone. However, even after 20 years, with only 12% of sustainable development goals achieved and more than 2.6 billion people still lack internet access, making our action imperative.”

For more information

This editorial is adapted from the Digital & Space Sustainability Report 2024 from the Saudi Communications, Space & Technology Commission, which can be found at

https://www.cst.gov.sa/en/ mediacenter/pressreleases/ Pages/2024080501.aspx

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Mountain View iCity invents a new formula for living in Egypt:

Introducing happiness-based and innovative residential standards in the Middle East.

Happiness echoes in reality

Since its emergence, Mountain View put tremendous effort into redefining people’s lives by applying the Science of Happiness ornamented with innovative living solutions for the first time in Egypt. Experience Happiness is not a short-lived tagline; it’s a stamped doctrine that shapes the mindset in Mountain View.

Making happiness a tangible aspect in its projects, Mountain View has collaborated with Beyond Happiness, the world’s first culture coach using the Science of Happiness to apply international standards and the Five Truths of Happiness, adopted by Mountain View, within iCity: Meaning, Vitality, Freedom, Engagement, and Delight.

In the course of the research phase; the experts of Mountain View assembled all the obstacles that stand against the city residents’ freedom; foremost the crowdedness, lack of privacy, and pollution. Eventually, the 3Cs emerged Calmness, Cleanliness, and Cuttingedge living solutions; from here, the curtains were lifted on a better version of the city, iCity.

Bringing the Cornish into a new life: Mountain View’s experts came up with Four Dimensions: Cornish, Parks, iDrive, and Islands to embody happiness to its clients over 1000 Feddans; equally divided between the East and West of Cairo, 500 Feddans in New Cairo and the exact for 6th of October city.

Starting with the Cornish, originally driven from the Arabic word a sidewalk that embraces Cairo, it grants solitude for an individual who seeks a clear-of-mind walk, a stunning natural view for a couple or providing fresh air, and a group photo for a family gathering.

Cornish is a vital landmark in Egypt, this way, it was essential to build a 15-kilometre long sidewalk in iCity, New Cairo and 10 kilometres in iCity, 6th of October to depict the beauty of Cairo into a refined version. It’s a multi-purpose area designed to incorporate a food area, shopping stores, and a safe space for connecting with others or enjoying oneself company.

Challenging the city’s bête noire.

One of the most irritating problems in the city is the traffic jams, time freezes in an absurd portrait full of car horns, fumes, and drivers losing their anger control. All such scenes were taken into consideration to be fully prohibited in iCity via introducing the dimension of iDrive, a progressive management-driving route separated from the residential units to attain the Zeros: Zero Pollution, Traffic, and Disturbance.

Living in the PC desktop’s wallpaper.

It’s innovatively designed to create a no-car city in the most crowded city in Egypt, to finally drive without clinging to the absurdity of driving.

After wandering around El Cornish and reap the benefit in the no-car city, a greenery scene is needed to rejuvenate the soul and mind from the agitation of the normal city. Here comes the role of the Parks, the dimension in which Mountain View profoundly acknowledges the essentiality of green areas not only for aesthetic causes but also for providing a premium quality of life.

To avoid gathering in one park and violating privacy and peacefulness, Mountain View iCity embraces six magnificent residential parks: for instance, North Park introduces a mindblowing notion known as Activity Pods to stop the current moment and seize an interactive way of living with oneself and the people around.

Mountain View provides its clients a chance to plug off from the everyday life chaos through an undisturbed environment to boost creativity and productivity, encouraging them to accomplish tasks, study, read, or simply have a me-time moment in a hushed mood.

Mountain view experts thought of taking two targets with one stone; enhancing the value of connecting with the family and creating a space for physical activity. In Club Park, MV Club is developed as a hub for family bonding where the children engage in an array of sports academies led by topnotch athletes in Egypt including purposeful summer camps aimed at personal development and environmental awareness. To give a gist of the parks, we can proudly state that it’s more than just green spaces, but rather a call to rejuvenate our stressed souls in vibrant homes.

A happy home is made of bricks and dreams

Maybe that’s the best part of going away for a vacation — coming home again.” — Madeleine L’Engle, American author. It is time to build everyone’s dream home with indispensable standards: privacy, formidable view and diversity of choices includes, iApartment, iApartment Park, Lake House, Wood House, Villa, iVilla Garden, iilla Roof. The final dimension of iCity is the islands are propped with a variety of facilities to prompt a deep sense of belonging and validation for more than 10,000 families.

A tale that will never end

If we want to put a final statement to this flow of words, we would say that iCity is a premiere residential project that sets out new rules of living innovative engaging life and ceaselessly Experiencing Happiness.

To always be continued…

Mountain View

THE RISE OF SMART CITIES IN THE ARAB WORLD: A Boom for Investment and Economic Growth

The Arab World, traditionally known for its oil wealth and desert landscapes, is undergoing a significant transformation. The emergence of smart cities otherwise known as intelligent cities, or I-Cities, marks a new era in urban development, leveraging cutting-edge technology and sustainable practices to foster innovation, improve the quality of life, and create economic opportunities. These futuristic urban centres are not only reshaping the regional landscape but also presenting lucrative investment opportunities for global investors.

From Saudi Arabia’s ambitious NEOM project to Egypt’s New Administrative Capital and the UAE’s Masdar City, to name but a few, the Arab countries of the Middle East and North Africa find themselves at the forefront of an I-City urban revolution. This article explores the rise of I-Cities, examining their significance for enhancing quality of life, diversifying economies, creating new jobs, advancing education, and integrating new and clean sustainable technologies.

NEOM: The Jewel of Saudi Arabia’s Vision 2030

The Kingdom of Saudi Arabia’s NEOM stands as a testament to the ambitions contained in Vision 2030, a strategic framework aimed at reducing the country’s dependence on oil, diversifying the economy, and developing public service sectors. Envisioned as a $500 billion mega-city, NEOM is set to span 26,500 square kilometres along the Red Sea coast.

Investment Opportunities

Foreign investors are presented with a golden opportunity in NEOM, with sectors such as renewable energy, biotechnology, advanced manufacturing, and tourism poised for substantial growth. The Saudi government established regulatory frameworks and investment incentives to attract global businesses, ensuring a seamless entry into the burgeoning market. The Public Investment Fund (PIF) of Saudi Arabia plays a crucial role in backing NEOM, providing confidence and security for international investors.

Quality of Life

NEOM promises an enhanced quality of life for its residents, integrating AI-driven infrastructure, autonomous transportation, and sustainable living environments. The city aims to provide residents with unparalleled convenience and efficiency, from smart homes and digital health services to innovative educational platforms. The city’s design focuses on human-centred living, ensuring that residents have access to green spaces, recreational facilities, and cultural attractions, all within a technologically advanced and sustainable community.

Economic Diversification and Job Creation

On completion, NEOM’s development is expected to generate approximately 380,000 jobs and contribute $48 billion to the kingdom’s GDP by 2030. The focus on diverse industries, including technology and tourism, aligns with Saudi Arabia’s broader goal of economic diversification. The securing of diverse sources of revenue is seen as crucial for the kingdom’s long-term sustainability, growth and prosperity. NEOM’s diverse job market will attract a wide range of talents, fostering innovation and economic resilience.

Education and Clean Technology

NEOM places significant emphasis on education and clean technology, planning to host world-class research institutions and green technology hubs. The visionary development project fosters an environment of continuous learning and innovation, crucial for sustaining long-term economic growth. The city is determined to collaborate with leading global universities and research centres to establish cuttingedge educational and research facilities, focusing on emerging technologies and

sustainability across sectors.

Egypt’s

New Administrative Capital: A Modern Metropolis

Egypt is making its own strides in the realm of I-Cities with its New Administrative Capital, located 45 kilometres east of the urban sprawl and clutter of the ancient city of Cairo. This $58 billion high-tech project aims to alleviate the congestion of Cairo while setting a new standard for modern urban living. Built on virgin land, the city is designed to serve as a symbol of Egypt’s future. The new city will absorb part of Egypt’s population, which is growing by an estimated 1.6% a year.

Investment Opportunities

The New Administrative Capital is an attractive investment destination, offering opportunities in real estate, infrastructure, ICT, and green energy. The Egyptian government has streamlined processes to facilitate foreign investment, recognising its key role in the city’s development. Essential infrastructure projects, such as the construction of a new airport, a high-speed rail network, and extensive road systems, further enhance the investment potential.

Quality of Life

Designed to house over 6.5 million people, the New Administrative Capital is being equipped with state-of-the-art amenities, including smart traffic management, extensive green spaces, and high-tech security systems. The city is set to enhance residents’ quality of life through smart city technologies and sustainable urban planning. Residential areas are designed to provide a balance of comfort and sustainability, incorporating energy-efficient buildings and extensive public parks.

Economic Diversification and Job Creation

This ambitious project is expected to create over a million job opportunities, driving the country’s economic growth. By attracting various industries, from technology to finance, the New Administrative Capital aims to diversify Egypt’s economic portfolio. The development of business districts, financial centres, and tech hubs will make the city a focal point for economic activities in the region.

Education and Clean Technology

The city will feature advanced educational institutions and research centres focused on sustainable technologies. This commitment to education and clean technology underscores Egypt’s dedication to fostering innovation and meeting its global environmental commitments. Partnerships with international universities and tech companies will bring in global expertise and cuttingedge research to the city, promoting a culture of innovation and learning.

Masdar City: The UAE’s Sustainable Innovation Hub

Masdar City, located in Abu Dhabi, has become a shining example of an I-City. Designed to be one of the world’s most sustainable urban communities, Masdar City focuses on renewable energy, water conservation, and waste management.

Investment Opportunities

Masdar City offers vast investment opportunities in clean technology and sustainable development. The city has achieved notable success in attracting numerous multinational corporations, startups, and research institutions dedicated to advancing renewable energy and sustainability. The UAE government provides various incentives and support for businesses investing in green technologies, making Masdar City a prime location for eco-friendly ventures.

Quality of Life

The city integrates smart transportation systems and advanced building technologies, enhancing residents’ quality of life. Autonomous vehicles, efficient public transport, and pedestrian-friendly urban design ensure minimal environmental impact and maximum convenience. The city’s layout promotes walkability and cycling, reducing reliance on fossil fuels and encouraging a healthier lifestyle.

Economic Diversification and Job Creation

Masdar City plays a crucial role in the UAE’s strategy to diversify its economy beyond oil and achieve net zero targets. By fostering sectors such as technology, healthcare, and education, the city creates new job opportunities and stimulates economic growth. The city’s focus on clean technologies attracts global talent and businesses, contributing to a dynamic and innovative economic environment. >>>

Education and Clean Technology

Masdar City hosts the Masdar Institute, a research-driven university focused on advanced energy and sustainable technologies. This institution collaborates with international universities and research centres, fostering innovation and education. The city’s commitment to sustainability is evident in its use of renewable energy sources, such as solar power, and its efforts to achieve zero waste and carbon neutrality.

The Broader Impact of I-Cities in the Middle East

The rise of I-Cities in the Middle East extends beyond NEOM, Egypt’s New Administrative Capital, and Masdar City. Many other countries such as Qatar and Bahrain are also embarking on similar ventures, each contributing to the region’s ongoing transformation.

Investment Opportunities

Foreign companies stand to benefit immensely from these initiatives that are driven forward by the various strategic vision programmes adopted by Arab governments over the past few years. The region’s commitment to creating investor-friendly environments, coupled with substantial government backing, ensures robust returns on investment across various sectors, including, among others, real estate, technology, and renewable energy. These projects offer stability and growth potential, attracting a diverse range of investors.

Quality of Life

I-Cities promise to enhance quality of life through smart urban planning, efficient transportation systems, and high-quality public services. By leveraging AI and IoT, these cities aim to offer a seamless,

convenient living experience, making them attractive destinations for global talent. Residents can expect to enjoy modern amenities, efficient public services, and vibrant cultural scenes, contributing to a higher standard of living.

Economic Diversification and Job Creation

The development of I-Cities has become integral to the strategy to diversify the economy beyond oil. By fostering sectors such as technology, healthcare, and education, these projects create new job opportunities to the youthful population and stimulate economic growth. The influx of skilled labour and investment into these cities further accelerates this transformation and enhances economic resilience.

Education and Clean Technology

A hallmark of I-Cities is their emphasis on education and sustainable practices. By establishing world-class universities and research institutions, these cities nurture a culture of innovation, local talent and continuous learning. Moreover, the integration of clean technologies ensures that these urban centres are environmentally sustainable, setting a precedent for future developments. The focus on renewable energy, waste management, and water conservation highlights the region’s commitment to a sustainable future.

Conclusion

The rise of I-Cities in the Middle East represents a paradigm shift in urban development, driven by the need for economic diversification, improved quality of life, and sustainable growth. Projects like NEOM, the New Administrative Capital, and Masdar City are just some leading examples of the Arab world’s development drive and exemplify a commitment to innovation and progress.

For foreign companies, the I-City phenomenon offers unparalleled investment opportunities across various high-growth sectors. The strategic frameworks and range of incentives in place make these projects increasingly attractive destinations for global capital.

In terms of their social impact, I-Cities promise to transform the quality of life for residents, providing smart, efficient, and sustainable urban environments and an attractive work-life balance for men and women. The emphasis on education and clean technology further strengthens the roles of these cities as hubs of innovation, green energy and environmental sustainability.

As the Arab world continues to embrace the future, the rise of I-Cites stands as a beacon of hope and progress, showcasing the region’s potential to lead the world in sustainable, intelligent urban planning and development.

Head of International Trade

UAE Amnesty Programme for Foreign Nationals of Irregular Status

Platinum ABCC member, Fragomen takes a closer look at this important announcement for many foreign nationals in the UAE.

Executive summary

The Federal Authority for Identity, Citizenship, Customs & Port Security has announced that foreign nationals who are in the United Arab Emirates on an expired residence permit will be granted a two-month amnesty period starting from September 1, 2024 to regularize their status or depart the country without a penalty.

The Federal Authority for Identity, Citizenship, Customs & Port Security (FAICCPS) has announced that foreign nationals who are in the United Arab Emirates on an expired residence permit will be granted a two-month amnesty period starting from September 1, 2024 to regularize their status or depart the country without a penalty.

A closer look

The two-month amnesty period will last from September 1, 2024 to October 31, 2024 and will allow foreign nationals who

have overstayed their residence in the United Arab Emirates an opportunity to correct their immigration status with the following options:

Exit the UAE within the two-month grace period without incurring any overstay penalties; or

Regularize their immigration status within the two-month grace period.

Further details on these policies are yet to be announced.

Background

Upon cancellation of a residence permit, a foreign national is typically granted a grace period of 30-180 days based on the category of the residence permit. The government periodically grants an additional blanket grace period for all foreign nationals (the last time was in 2018). The foreign national must exit or change their status within the grace period to remain compliant

with UAE immigration regulations. Individuals who continue to reside in the United Arab Emirates on an expired or cancelled residence permit after the grace period ends will incur penalties (AED 50 per day).

Foreign nationals are encouraged to comply with UAE immigration regulations and take this opportunity to rectify and legalize their immigration status within the given time frame.

We will continue monitoring the situation and will revert with additional information as developments occur.

How can Fragomen assist?

Please contact the company using details on the website.

https://www.fragomen.com/contactus/index.html

ABCC Membership

ABCC welcomes New Member Companies

New Members of the ABCC

ACCA

Airc.digital Ltd

AOB Group

Aswar Sports Agency

CIBT UK LTD

The Coffee Kingdom

Crestlink Engineering Ltd

Enertechnos Limited

Eye Boutique

Family Office in London

Global Consolidated Contractors (International) Ltd

Global Inclusion Consulting

Happy Technology and Business Solutions Limited HutanBio

IBV Management London Limited

Itkan Law Firm

New Century Media

Northman & Sterling

Oakright Global

Peers Hardy UK Ltd

This report is published with the permission of the British Chambers of Commerce.

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Vehicle shown is (23)MY Range Rover with optional features. Specifications, options and availability may vary between markets and should be verified with your local Retailer. Official Fuel Consumption Figures (excluding PHEV) in mpg (I/100km): Combined 36.8 (7.4-12.0). CO2 Emissions 196-271 g/km. PHEV in mpg (I/100km): Combined up to 386 (0.6-0.8). Electric energy consumption (combined): 275.5 kWh/km. CO2 Emissions 16-19g/km. Equivalent electric range: 73.9 miles (118.9km). The figures provided are as a result of official manufacturer’s tests in accordance with EU legislation on a fully charged battery. For comparison purposes only. Real-world figures may differ. CO2, fuel economy, energy consumption and range figures may vary according to factors such as driving styles, environmental conditions, load, wheel fitment accessories fitted, actual route and battery conditions. Figures shown are for European EU6 markets. Other market fuel economy certifications and figures are available upon request.