ABCC Economic Focus 23.02

ISSN: 2977-0815

ECONOMIC FOCUS

ISSUE 2 | November 2023

MAGAZINE OF THE ARAB BRITISH CHAMBER OF COMMERCE

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Contents

02

36

42

32

Mr Mohamed Al Khadar Al Ahmed, CEO, Khalifa Economic Zones (KEZAD Group)

ETA Launch for Qatari Nationals

The UAE’s Digital Transformation

CONTENTS 3rd Arab-British Economic Summit

32

ETA Launch for Qatari Nationals

50

Quarterly Economic Survey Q3 2023

02

Event Programme

04

Speaker Profiles

33

Saudia VIP Event in Birmingham

53

14

Headline Partner: KEZAD Group

34

Forum on COP28 & Sustainable Development

Strathclyde Business School UAE: The Importance of Executive Development and Internationalisation

17

Sponsor Profiles

36

A Year of Activities

55

22

Moorfields Private Eye Hospital Interview

Pioneering the Future: TKS Investment Launches in Dubai with Visionary Leadership from Mr. Morten Tønnesen

24

Montenegro – An Investment Destination in the Heart of Europe

38

56

26

Saudi Arabia’s Roadmap to Global Business Leadership

ABCC welcomes New Member Companies

39

ABCC Membership Options

Fostering Resilience for a Brighter Future: HSA Group, Longulf, IES and Sheba Coffee

28

Attaché London

58

Qatar – Gateway to a wealth of opportunities

60

Building Your Business in a Dynamic City – A New Dubai Guide for Entrepreneurs

Focus Reports

ABCC Activities 31

ABCC Membership

Forum on the Evolution of Banking, Finance & Insurance

42

The UAE’s Digital Transformation

45

Mumtalakat Sovereign Wealth Fund of Bahrain

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Wendy Chapman: wendy@wplcontractpublishing.com ISSN: 2977-0815

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Media No. 1841 Published November 2023 ©WPL Contract Publishing Ltd

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Disclaimer Economic Focus is published for ABCC and is distributed without charge to Chamber members. All correspondence should be addressed to the Arab-British Chamber of Commerce. Views

expressed in Economic Focus are not necessarily those of the ABCC. Reprinting in whole or part is forbidden except by permission. ©2023 Please note that submitting an article does not guarantee publication. While every effort is made to ensure the accuracy and reliability of material in this journal, WPL Contract Publishing Ltd and its agents can except no responsibility for the veracity of claims

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The ABCC is dedicated to inserving whether they are located in the UK or operating ARAB-BRITISH CHAMBER OF COMMERCE | 01 from any Arab country. With decades of experience, the chamber offers expert advice on how to do business in the Arab markets.

ABES 2023

Welcome to the ARAB BRITISH ECONOMIC SUMMIT 2023 As Chairman of the Arab British Chamber of Commerce, I am delighted to welcome you to the Arab British Economic Summit 2023.

The wide representation from across the Arab World and from many regions of the United Kingdom stands as testimony to the strength of our partnership and gives hope for the future. Many of the world’s most highly dynamic economies can now be found in the Arab world and they offer increasingly lucrative opportunities for doing business.

The Arab economies from the Gulf to North Africa are going through enormous transformations at breakneck speed guided by the vision and forward thinking of the leadership of their nations. Their ambitions embodied in visionary investment strategies that are investing national resources into new megaprojects and growth in innovative tech-led industrial sectors are now at different stage of implementation, and we are witnessing the impact reflected on a daily basis.

The vision we share is founded on reaping the mutual rewards of common prosperity opened up by the entrepreneurial talents and business acumen of the British and Arab peoples, especially the younger generation who are seizing on the opportunities presented to them.

Thanks are offered to the strategic partners who have made this Summit possible, with a particular mention going to Headline Partner, the KEZAD Group, part of AD Ports Group, one the most dynamic corporations in the Gulf.

As a Chamber we are proud of the contribution that our organisation continues to make to ensuring the sustaining of this flourishing Arab-British partnership.

I want to wish everyone at ABES2023 a productive and an enjoyable day.

The Rt Hon Baroness Symons of Vernham Dean, Chairman, Arab British Chamber of Commerce On behalf of the Arab British Chamber of Commerce, I wish to convey a very warm welcome to all delegates and friends at this third Arab British Economic Summit.

I especially thank our distinguished strategic partners and sponsors, in particular the KEZAD Group, our Headline Partner for this event. The support of everyone has been invaluable in ensuring the successful delivery of this Summit.

Today’s event follows on from the success of previous events, including last year’s Summit which attracted upwards of 700 visitors.

ABES2023 underscores our shared vision of building a strong and enduring partnership between the United Kingdom and the Arab World.

This flagship event, as with all the ABCC’s day-today activities, demonstrates the Chamber’s clear commitment to sustaining and supporting strong, vibrant and comprehensive partnerships between the British and Arab private sectors. This aim is rooted firmly in the ABCC’s founding principle of “friendship through trade” which provides guidance for all our activities.

During the course of the day, our expert speakers will highlight the enormous potential for productive cooperation in various areas of innovation that are key drivers of economic prosperity which is the number one priority of both UK and Arab governments and of all their peoples.

The impressive diversity of industries represented at our Summit, as expert speakers and as delegates, stands as a shining testimony to the strengths of our growing membership, and we thank them all for supporting the Chamber today and throughout the year.

Today, as we meet new challenges, the British and Arab peoples are keen to strengthen their partnership building on past achievements. We are in no doubt that ABES2023 will help sustain this productive partnership as we go forward.

Finally, I conclude by wishing everyone a successful Summit.

Mr Bandar Reda, Secretary General & Chief Executive Officer, Arab British Chamber of Commerce

02 | ARAB-BRITISH CHAMBER OF COMMERCE

ABES 2023

ABES 2023 Event Programme Details correct at the time of going to press.

8.30

REGISTRATION, NETWORKING AND MORNING COFFEE

9.30

WELCOMING REMARKS • The Rt. Hon. Baroness Symons of Vernham Dean • Mr Bandar Reda • H.E. Mr. Mohamed Al Khadar Al Ahmed OPENING SESSION • H.E. Mr Ahmed Aboul Gheit • Lord Ahmad of Wimbledon • H. E. Mr. Abdulla Bin Adel Fakhro • H.E. Mr. Sameer Abdulla Nass • Mr Oliver Christian HONOURING CEREMONY Presentation to H. E. Sheikh Khalifa Bin Jassim Al Thani Chairman, Qatar Chamber of Commerce & Industry & First Vice Chairman, ABCC

10.20

SESSION 1: SECURING THE FUTURE OF WATER, FOOD & HEALTH • H. E. Dr. Khaled Hanafy (chair)• Ms Fatima Al Hammadi • Dr Chris Nonis • Dr Peter Thomas • Quincy Quayson Countries across the MENA region are intensifying their efforts towards food security, improved management of scarce water resources and healthcare for their citizens, leading to increased innovation in these key sectors vital for human life, wellbeing, sustainability as well as economic development. To mitigate disruptions to fragile global supply chains and learning the lessons of the pandemic and the impact of a protracted war in Europe, agricultural self-sufficiency, water security and people’s health are increasingly adopted as strategic priorities. There is a growing recognition of the potential solutions offered by tech and innovation in these vital interlinked areas, with new opportunities emerging in areas like med tech, agri-tech and vertical farming. The session will address the potential for building cooperation between companies that boast the relevant technical expertise and the role of innovative startups working in partnership with government.

Agri-tech – vertical farming - green energy – water use and reuse – healthcare and med tech finance and investment for future sustainability

11.10

COFFEE

11.40

SESSION 2: THE EVOLUTION OF BANKING, FINANCE AND INSURANCE (SPONSORED BY MARKAZ) • Mr Simon Penney (chair) • Ms Aleksandra Draskovic • Ms Shevaun Haviland • Mr Jed Mrabet • Mr Hicham Maaouni As banks, non-bank financial institutions and the financial services industry continue to respond to rising consumer expectations and new technologies such as cloud and AI, banks are harnessing the potential of digital to improve service delivery and achieve competitive edge. Evaluating the scope for greater Arab-British cooperation, speakers will consider the key trends that are transforming the industry and the evolving relationship of institutions with their customers including the rise of non-bank institutions as sources of credit, insurance products, the Fintech sector and investment firms. The session will look at the regulatory frameworks, legal measures and best practice to ensure data protection and minimize risk.

Technology and banking – response of traditional banks – changing customer demand – Islamic finance - corporate social responsibility.

ARAB-BRITISH CHAMBER OF COMMERCE | 03

ABES 2023

12.30

SESSION 3: GROWTH OF E-COMMERCE, AI AND UK-GCC TRADE AGREEMENT • Mr Marco Forgione (chair)• Mr Andrew Elia • Major General Paul Nanson CB CBE • Mr Tom Wintle • Professor Dominic Palmer-Brown The session will look at how the MENA countries and GCC in particular have become some of the most exciting e-commerce markets in the world. The Gulf countries are global leaders in addressing the challenges posed by the rise of Artificial Intelligence and they are adopting key strategies to deal with the opportunities that AI presents with ambitions to adapt AI techniques and integrate them across economic sectors from health, education, transport, communications and energy.

E-commerce is growing in sophistication with the technology aware younger population driving forward demand for more innovative products. The forthcoming UK-GCC free trade agreement should create much more potential for partnership across the AI and e-commerce space offering new opportunities for trailblazing British E-commerce innovators many of which are fast growing SMEs. Why MENA is now one of the world’s most exciting e-commerce markets – Opportunities for British innovation in E-commerce and AI – Growth of AI and future market trends – untapped potential for sharing expertise and partnership – AI and the UK-GCC free trade agreement.

13.20

LUNCH

14.35

SESSION 4: COP28 & SUSTAINABLE DEVELOPMENT • Mr Karim Fatehi MBE (chair) • Ms Patricia Yates • Mr Khalid Al Marzooqi • Mr Rabih El Fadel • Mr Nick Thurlow This session will examine how the Arab World today stands right at the centre of global efforts to meet the goals of the 2015 Paris Agreement on climate change. Following on from COP27 held in Sharm El Sheikh, Egypt, in 2022, COP28 is set to open in Expo City Dubai, on 30 November 2023, where bold, practical and ambitious solutions will be reviewed and agreed to reduce emissions, meet international obligations and secure sustainable development for the region and world. Continued advances across the Arab countries are guided by a core vision of sustainable development opening up investment in ambitious new projects that offer new vital revenue streams and job creation in areas such as new technologies, transport, infrastructure, hospitality, leisure, education and training and environmental protection. Speakers will address how the COP28 agenda and the sustainable economic development priorities go hand in hand. VisitBritain will explore how tourism is an enabler of cultural and economic exchange, outlining its campaigns the Gulf to drive visitor growth and attracting visitors from across the region to Britain’s economy while building a sustainable, innovative and accessible destination.coffee

15.25

SESSION 5: ENTREPRENEURS OF THE FUTURE • Lord Edward Udny-Lister (chair) • Mr Ayman Al Awadhi • Ms Ayaa Gadad • Ms Lolade Onabolu • Ms Julia Onslow-Cole This session will discuss how entrepreneurs contribute to national prosperity through cutting edge innovation.

Speakers will look at policy priorities of Arab countries to build a culture of entrepreneurship and the factors that shape success. The session will also consider how closer partnership between education institutions and business can develop the skillsets required to achieve market success, how entrepreneurs inspire others, successful leadership, opportunities from franchising and the impact of digital technology.

Creating a seedbed for innovation - incubation and accelerating creative talent - Incentives and financial support for start-ups - importance of mentoringSession 3: Growth of E-Commerce, AI and UK-GCC trade agreement

16.15

CLOSING REMARKS • Mr Abdeslam El-Idrissi • Lord Dominic Johnson of Lainston CBE

16.30 - 18.00

CLOSING RECEPTION

04 | ARAB-BRITISH CHAMBER OF COMMERCE

ABES 2023

Sustaining an Emerging Vision MONDAY, NOVEMBER 20, 2023 (08:30 - 18:00) (GMT+0) Hilton London Metropole, London Confirmed speakers:

His Excellency Ahmed Aboul Gheit

H E Ahmed Aboul Gheit has been Secretary General of the Arab League since March 2016 and he was reconfirmed in the post in March 2021. He was Egypt’s Minister of Foreign Affairs from 2004 to 2011. Previously, from 1999 to 2004, His Excellency served as Permanent Representative of Egypt at UN headquarters in New York. He joined the Egyptian Ministry of Foreign Affairs in 1965 where he held various positions. From 1992 to 1996 H E Ahmed Aboul Gheit served as Egypt’s Ambassador to Italy, Macedonia and San Marino.

Secretary General The League of Arab States and former Minister of Foreign Affairs of Egypt

Lord Dominic Johnson of Lainston CBE was appointed Minister of State in the Department for Business and Trade on 7 February 2023.

He was previously Minister of State (Minister for Investment) in the Department for International Trade between 24 November 2022 and 7 February 2023.

He was Minister of State jointly in the Department for International Trade and the Cabinet Office between 2 October 2022 and 28 October 2022. He has spent over 25 years in financial services, beginning his career at Robert Fleming in 1995, before moving to Hong Kong to work for Jardine Fleming and then in 2002, after a series of dot com start ups, heading the marketing for Lloyd George Asset Management - an emerging markets specialist firm.

Lord Dominic Johnson of Lainston CB

Minister of State (Minister for Investment) at Department for Business and Trade

In 2007 he co-founded Somerset Capital Management LLP as an employee-owned democratic partnership, focussing on pension fund management in developing countries.

Between 09 November 2022 and 02 October 2022 Dominic was a non-executive board member of the Department for International Trade. He was Chair of the department’s Audit and Risk Assurance Committee.

Between 2017 and 2019 he was vice-chairman of the Conservative Party.

ARAB-BRITISH CHAMBER OF COMMERCE | 05

ABES 2023

H. E. Mr. Abdulla Bin Adel Fakhro

Minister of Industry and Commerce at Bahrain Ministry of Industry and Commerce

Mr Mohamed Al Khadar Al Ahmed

Chief Executive Officer at Khalifa Economic Zones Abu Dhabi - KEZAD Group

The Rt. Hon. Baroness Symons of Vernham Dean Chairwoman at ABCC

H.E. Mr. Abdulla Bin Adel Fakhro was appointed as the Minister of Industry and Commerce in November 2022.

Prior to his appointment as minister, His Excellency spent 20 years in his family’s business, in which he progressed up the ranks until leaving to join the Government of Bahrain. His Excellency was an entrepreneur funding and leading serval of his own businesses, In addition to that, he was a member of the board of directors of Bahrain Chamber of Commerce and Industry until November 2022.

His Excellency also occupied the post of Director of Fakhro Restaurants Co. (McDonald’s Bahrain), Abdulla Yousif Fakhro Group, Lotus Investment Company, GAC Bahrain, Managing Director at Adel Fakhro & Sons, Vice Chairman of Dreams Society, Founder and Chairman of Sawari Marine Services W.L.L and Summit 7 Holding, Co- Founder and Vice Chairman of Omneyat Foundation as well as Trustee and Treasurer of Think Inc Foundation in the United Kingdom (London).

In addition to his post as Minister of Industry and Commerce, His Excellency is also Chairman of Export Bahrain and board member of Bahrain Mumtalakat Holding Company, Economic Development Board and Real Estate Regulatory Authority (RERA) as well as the Minister in Charge of Bahrain Bourse.

His Excellency received his bachelor’s degree in Entrepreneurship from Babson College, and his MBA in Finance/ Entrepreneurship from Babson F.W Olin Graduate School of Business.

Mohamed Al Khadar Al Ahmed is the Chief Executive Officer of Khalifa Economic Zones Abu Dhabi KEZAD Group, the integrated trade, logistics and industrial hub that falls under the Economic Cities & Free Zones portfolio of AD Ports Group.

As CEO, Al Khadar oversees the development and operations of KEZAD Group, and is directly responsible for planning, developing, managing and promoting 12 Economic Zones with a total area of 550km 2 including 100km 2 designated as FreeZones, in addition it has more than 578,000m 2 of prebuilt facilities and more than 40 staff accommodation complexes with a capacity of over 450,000 beds (Located in Abu Dhabi City, Al Ain City and Al Dhafra Region). KEZAD Group hosts more than 1,850 investors in 17 industrial & economic sectors, catering to a range of key sectors such as pharmaceuticals, metals, automotive, polymers, building materials Recycling, Food & Agtech , lastics & Polymers, Retail & Logistics, Hi Tech& Green Energy, Life Sciences, Oil & Gas, Specialty Chemicals.

Prior to his role in KEZAD Group, Al Khadar was Chief Executive Officer of ZonesCorp , one of the largest operators of purpose built economic zones in the Middle East & Africa. Under his leadership, ZonesCorp advanced several milestone projects and developments to enhance Abu Dhabi’s competitiveness and its attractiveness for Foreign Direct Investment (FDI). With a breadth of government and private sector knowledge and experience in aviation, investment, ports, urban planning, and municipalities spanning over 20 years, Al Khadar is an expert in driving and executing proven projects development and business strategies that have powered economic expansion, development projects, and infrastructure. Prior to joining ZonesCorp, Al Khadar held executive positions in several government organisations, including Executive Director of Strategic Affairs Sector with the Abu Dhabi Department of Municipalities and Transport (DMT), as well Executive Director of the Urban Development Sector with Abu Dhabi’s Urban Planning Council (UPC). In 2020, while serving as a General Coordinator, Al Khadar successfully organised , launched, and managed the 10th World Urban Forum (WUF10) in partnership between DMT and UN Habitat the first ever to be hosted in the emirate of Abu Dhabi and the Arab World. He also played an instrumental role in implementing Abu Dhabi’s Development Acceleration Programme Ghadan 21).

Al Khadar holds a Bachelor of Science Degree in Aerospace Sciences from Metropolitan University of Denver (Colorado, USA) and Executive MBA from the American University of Sharjah (UAE). He holds an Executive Education in Leadership from INSEAD (Abu Dhabi), Executive Education in Governance from Harvard University (USA) and Executive Education in Competitive Strategy from INSEAD France).

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 and Minister for Defence Procurement, and the Prime Minister’s envoy to the Gulf.

Previously a trade union general secretary, she was an Equal Opportunities Commissioner and a governor of the London Business School. As well as working closely with DLA Piper, Baroness Symons is now involved with a number of other commercial organisations, including roles as a non-executive director of British Airways, and as an advisor to other companies, including those with strong Middle East links, and with 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.

H. E. Dr. Khaled Hanafy

Secretary General at Union Of Arab Chambers

06 | ARAB-BRITISH CHAMBER OF COMMERCE

ABES 2023

H. E. Sameer Abdulla Nass President at Union of Arab Chamber

Mr Bandar Reda

Secretary General & CEO of ABCC

Mr Ayman Al Awadhi Group Managing Director The Corporate Group

Mr Sameer Abdulla Nass is the current Chairman of the Union of Arab Chambers (UAC) assuming the position in September 2022 when the chairmanship of the UAB officially passed from the UAE to Bahrain.

Mr Nass has been Chairman of Bahrain Chamber of Commerce & Industry (BCCI) since 2018.

He has a strong belief in the role of the Chamber as the true voice of the business community and leads the BCCI in its efforts to contribute towards developing the national economy of Bahrain.

Mr Nass is the Chairman of the Nass Group, a leading Bahrain business corporation which is an integrated construction solutions provider with operations in Bahrain, Saudi Arabia and the UAE. Mr Sameer Abdulla Nass is a member of the Board of Directors of the ABCC. He is a former member of the Bahrain Economic Development Board (EDB), the National Initiative for Agricultural Development and the US-Bahrain Business Council.

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.

Ayman is the Group Managing Director of The Corporate Group. He is in charge of subsidiaries responsible for delivering one-stop-shop of professional services related to business setup solutions and enabling both FDIs and foreign companies to do business in UAE and the GCC. He has attracted businesses across all sizes and industries such as but not limited to education, healthcare, technology, energy, and professional services. Some of these businesses are listed in global stock market while others are start-ups offering disruptive technologies/ideas. Furthermore, his experience includes advising companies for corporate structuring and merge & acquisition transactions along, developing operational framework that delivers unique customer engagement with clients and stakeholders, along with association with both private and government sectors.

Ayman devotes his time as a mentor and coach for start-ups and SMEs in the UAE.

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

Mr Abdeslam El-Idrissi Deputy CEO & SG of ABCC

ARAB-BRITISH CHAMBER OF COMMERCE | 07

ABES 2023 Lord Udny-Lister has been UK Co-Chair of the UAE-UK Business Council since 2020.

Prior to this he was Chief Strategic Advisor to Prime Minister Boris Johnson, and the Prime Minister’s Special Envoy to the Gulf Region.

Lord Udny-Lister has had a lengthy career in Local Government, including as Deputy Mayor for Policy and Planning at City Hall, the seat of London’s Government, and Leader of Wandsworth Council. He served as Chief of Staff to the Mayor of London from 2011-16. He has a considerable background in facilitating large-scale urban regeneration schemes and coordinating major public and private sector partnerships. He also served as Chairman of London and Partners, as a Non-Executive Director at the Foreign Commonwealth and Development Office and as Chairman of Homes England.

Lord Edward Udny-Lister

Co-Chair at UAE-UK Business Council

In 2021 Lord Udny-Lister was appointed Privy Councillor to HM The Queen. He is also currently a Senior Adviser to HSBC, a Director at Covent Garden Market and a Governor at the Museum of London.

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.

Mr Andrew Elia

Managing Partner at Arishi

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.

Patricia Yates is the CEO of VisitBritain/VisitEngland, the national tourism agency – a nondepartmental public body of the UK Government. The agency raises Britain’s profile worldwide, increasing the volume and value of tourism exports and developing England and Britain’s visitor economy. Patricia oversees the day-to-day operations of VisitBritain/VisitEngland in London and overseas, leading strategies for growing the visitor economy, from marketing Britain internationally to supporting the industry, working in partnership with stakeholders. Alongside the Chairman, she also ensures that tourism is high on the political and economic agenda.

Patricia had been with the VisitBritain/VisitEngland since 2005, becoming CEO in 2022 and previously as the agency’s Strategy & Communications Director.

Ms Patricia Yates CEO VisitBritain

Patricia started her career as a journalist working on research and technical publications. She followed this with a long period editing Holiday Which? where she scoped the strategy for and led on all Which?’s research, campaigning and public affairs work in tourism, travel and transport. She also launched and edited the Which? Guide to Hotels for many years. Patricia chairs the Tourism Industry Emergency Response (TIER) group, which coordinates tourism industry messaging at times of crisis and is a Fellow of the Tourism Society. She is a member of the Tourism Industry Council (TIC), chaired by the Tourism Minister, which brings senior visitor economy stakeholders together to discuss policy issues. Patricia also chair’s TIC’s Sustainability Working Group, collating industry expertise on policy to support the move to NetZero. She is an observer on the Tourism Alliance Board for VisitBritain/VisitEngland.

Khalid Al Marzooqi is a seasoned business development professional with more than 15 years of experience in the field. Since 2007, Khalid has been leading the international business development for Khalifa Economic Zones Abu Dhabi KEZAD Group.

He is also responsible for creating and developing sales channels, strengthening the presence of small and medium sized enterprises (SMEs) in KEZAD, managing mega industrial projects and enhancing relations with government agencies.

Mr Khalid Al Marzooqi

Vice President International business development at Khalifa Economic Zones Abu Dhabi KEZAD Group

From 2013 - 2018, Khalid was a senior sales manager at the Jebel Ali Free Zone (JAFZA), responsible for the Asia Pacific region, where he managed six overseas JAFZA offices.

During his time with JAFZA, Khalid attracted a number of companies to the free zone, including several Global Fortune 500 companies. Khalid also held the position of acting head of the business development department at DP World, where he managed KPIs, the budget and was the regional manager for Europe and America.

Khalid holds a Master of International Business from Wollongong University in Dubai and a Bachelor of Science in Business Administration from the American University of Sharjah.

08 | ARAB-BRITISH CHAMBER OF COMMERCE

ABES 2023 Oliver Christian is His Majesty’s Trade Commissioner for the Middle East and Pakistan, and His Majesty’s Consul General to Dubai. He was appointed to the role in September 2023.

Oliver was previously Head of the Prime Minister’s Business Unit in Downing Street, serving four Prime Ministers from 2019 to 2023. Oliver was responsible for maintaining a trusted link between the Prime Minister, Whitehall and the boardrooms of UK and international businesses and investors. He oversaw over £78 billion of investment and export deals, establishing the UK Global Investment Summit and the creation of the Office of Investment during his tenure.

Mr Oliver Christian

HM Trade Commissioner at Foreign & Commonwealth Office

Prior to that he helped establish the Department for International Trade (now the Department for Business and Trade), as the Principal Private Secretary to the Secretary of State and President of the Board of Trade in 2016. Oliver has 13 years’ experience in Government having worked in trade, investment, business, regulation and security across several Departments and represented the UK in its missions overseas.

Oliver has a degree from Keele University in International Relations and Philosophy and studied abroad at the University of Toronto. He a keen runner, sailor and active mentor with the Prince’s Trust.

Aleksandra was appointed a Senior Adviser in the Secretariat General of Government of Montenegro in 2006, during her mandate she represented Montenegro at many international conferences, seminars and round tables. She chaired multi-disciplinary Government team that was consisted of Deputy Ministers for several years.

Aleksandra was a representative of International Centre for Migration Policy Development for Montenegro between 2006 and 2008.

After founding a real estate agency Montenegro Properties Ltd, she participated at many renowned real estate expos together with Montenegrin Government Investment Promotion Agency to promote investments in Montenegro, such as MIPIM Horizons, etc. She had a presentation about Montenegrin investment opportunities at Montenegro pavilion at EXPO 2020 in Dubai.

Ms Aleksandra Draskovic

Founder of Montenegro Properties Ltd

Mr Rabih El Fadel

Aleksandra brings over 18 years of experience and expertise in the real estate sector, with a focus on high-end residential and mixed-use properties, foreign investment, and development. Montenegro Properties was chosen several times as the best agent, best marketing and best website in Montenegro by the The International Property Awards which recognizes excellence in the property industry worldwide, promotes an international standard and rewards the best estate agents globally.

Judging was undertaken by a panel of over 70 experts from all over the world and chaired by two active members of the House of Lords: Lord Caithness and Lord Best. Montenegro Properties appeared in the official winners’ publication “World’s Best Europe 2019-2020”.

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.

CEO of ZEF Concepts, CEO & Co-Founder of Phyla Earth Graduating from LSE with a degree in Geography, Marco was initially involved in a Parliamentary role within the Department of Environment & Urban Affairs. Marco took his experience and moved into the education sector helping transform the non-statutory funded provision at Canterbury College including apprenticeships and training programmes.

In 2008 Marco was appointed as CEO at the International Visual Communication Association, where he established the Association as a key partner for UK government leading trade missions to UAE, Qatar, China, Germany, and India. His next role was as Chief Executive at the British Antiques Dealers’ Association, representing world leading art and antiques dealers. He led the association through legal and regulatory changes and navigated the transition to online.

Mr Marco Forgione

Director General Institute of Export and International Trade (IOE&IT)

Marco’s combined knowledge of imports/exports together with his experience in education led Marco to the Institute of Export & International Trade, where he was appointed Director General in January 2020. The Institute has grown from a team of twelve to now over 160 international trade and customs experts, with membership growing from 2,000 to 7,000. IOE&IT is now a trusted partner for governments, international agencies, global businesses and MSMEs on every continent.

In 2022 IOE&IT opened its first international office in Kenya with plans to further invest in support of AfCFTA and the global trade agenda.

ARAB-BRITISH CHAMBER OF COMMERCE | 09

ABES 2023

Ayaa Gadad, UK graduate, has joined Al Sahl Group in 2018 and is well-known for her creativity, compassion, and commitment. Currently working as a Head of Business Development and Strategy for Al Sahl Group, Ayaa advises the board on strategic topics, business and corporate strategy, new business development, scenario planning, business model innovation strategy, transformation, and turnaround.

Ms Ayaa Gadad

Ayaa has always been enthusiastic about assisting Al Sahl Group in achieving lasting growth and developmental impact.

Head of Business Development and Strategy at AlSahl Group Holding

Dr Chris Nonis is a Doctor of Medicine, and Chairman of the Mackwoods Group, established in 1841, in Healthcare, Energy, Software, and purveyors of Fine Tea. He Chairs the Advisory Council for Sri Lanka of the British Asian Trust, a charity founded by HRH the Prince of Wales, now HM King Charles lll. He formerly served as Sri Lankan High Commissioner to the UK and Chaired the Board of Governors of the Commonwealth Secretariat. He is also Advisor to Hinduja Investments and Project Services of the Hinduja Group.

Dr Chris Nonis

Chairman at Mackwoods Group Fatima Mohammed Al Hammadi is the Chief Commercial Officer at Khalifa Economic Zones Abu Dhabi - KEZAD Group, AD Ports Group’s integrated trade, logistics and industrial hub that falls under its Economic Cities & Free Zones portfolio.

Fatima’s aim is to position Abu Dhabi and KEZAD Group as the primary investment destination for international businesses to set up gold standard projects. Her mission is to create a global network of investors, strategic partners and stakeholders across industries that align with the UAE’s Industrial Strategy and the National Agenda.

Prior to KEZAD, Fatima was the Vice-President of Commercial & Business Development at ZonesCorp, where she built deep relationships with investors by understanding their challenges and ensuring their business sustainability through matchmaking initiatives with governmental and semigovernmental entities.

Ms Fatima Hammadi

Chief Commercial Officer at Khalifa Economic Zones Abu Dhabi - KEZAD Group

In 2020, she drove ZonesCorp to achieve significant revenue by developing sector-focused sales strategies to offset the global effects of the pandemic. She also guided the development of new commercial and industrial ventures contributing to the growth of this sector.

Prior to ZonesCorp, she was the Director of Customer Services & Sales Support at global telecom player Etisalat, where she developed and enhanced customer service strategies and programmes for projects across the UAE. Fatima holds a bachelor’s in Information Management from Higher Colleges of Technology, Abu Dhabi, UAE as well as a Higher Diploma in Information Administration and an Executive Education in Leadership Certificate from Harvard University, USA. She has also successfully completed several courses such as the National Programme for Leadership, Advanced Project Management, Strategy Formulation & Execution, Trade Facilitation & Insertion into Global Value Chains (WTO), Balance Scorecard - Palladium Norton Kaplan Camp and EFQM Excellence Model.

Shevaun became Director General of BCC at the end of April 2021. She joined BCC from the Cabinet Office where she led Business Partnerships. She joined the Government in 2016 and also ran the Inclusive Economy Partnership for HMG. Shevaun started her career in consultancy in London and New York. She then moved to the Walt Disney Company in strategic planning before joining Disneyland Paris, opening the second theme park. Shevaun then joined the agency world, running global accounts for Millward Brown, Mindshare and WPP.

Ms Shevaun Haviland

Director General British Chambers of Commerce

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Following this, she became a partner in a start-up digital innovation agency and venture builder, Independents United, where she also became an Advisor for the Danson Foundation.

Most recently, Shevaun was the New Ventures Director for Avado, building new businesses in Edtech and founding the Academy of Digital Business Leaders.

Shevaun has a passion for business as a force for good. She is a social impact investor, sits on the Ventures Advisory Board of UnLtd, and is Trustee of Barefoot College International as well as a board member of Women of the World Foundation.

ABES 2023 Based in the UAE, Rebecca is a dynamic event host, TV anchor, business and live news correspondent.

She has shone on the global stage for more than 23 years, having broadcast for leading U.S, European and Middle Eastern television networks, including Bloomberg, CNBC, Euronews and Dubai One. Rebecca has interviewed hundreds of CEOs, celebrities, ministers and heads of state over the years, and has regularly contributed to publications from The National newspaper and Wall Street Journal to Vogue Magazine and the South China Morning Post.

Ms Rebecca McLaughlin-Eastham TV Anchor, Moderator & CEO RME Media of Euronews Television

She constantly moderates and hosts high-profile economic, business, political and cultural events, forums and summits around the world and is a sought-after executive media trainer.

Rebecca is also the lead English-language media/public speaking coach for the Sky News Arabia Academy in Abu Dhabi.

Rebecca is globetrotting Irish national whose family has proudly called the Middle East home for more than 25 years. She is a university graduate of the London School of Economics & Political Science.

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. Jed 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.

Mr Jed Mrabet

President at Tunisian British Chamber of Commerce

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.

Paul Nanson is a senior leader with extensive expertise based on operations, leadership development, training, and personnel management. A qualified coach, mentor and keynote speaker.​ His current role is built on 34 years serving in the British Army, leading, and operating in a variety of roles and operational environments including Northern Ireland, both Gulf Wars, Bosnia, Iraq, and Afghanistan. His final post was Commandant of the Royal Military Academy Sandhurst, where he furthered the reach and reputation of the world’s premier Leadership Academy, including the development of leader selection; a through-life Leadership Development ‘Pipeline’ aimed at nextgeneration leaders; international leader development for officers from up to 80 countries; and a Commercial Leadership Development Programme designed to take military leadership into the civilian market.​

Major General Paul Nanson CB CBE Principal Defence Portfolio at London Strategy Centre

With Commandant came the role of Director Leadership for the British Army. Over the 5 years he reinvigorated the Army’s study of leadership and leader development including the creation of the first Centre for Army Leadership and the writing of its first leadership doctrine. In 2022 he received the Honorary Degree of Doctor of Letters from the University of Reading for his contribution to contemporary thinking about leadership and leadership development.​ Paul is the author of “Stand Up Straight: 10 Life Lessons from the Royal Military Academy Sandhurst”. The book is the first official self-improvement and leadership book from the British Army’s world-leading Sandhurst Academy.

Quincy is an Experienced Technical Sales and Business Development Professional. Proficient leading high profile sales campaigns up to $2Bn, managing global cross-functional teams. Skilled at presenting and negotiating complex strategic opportunities up to C-Level.

Quincy Quayson

He is part of an experienced, growing team, with the wider Liverpool City Region Combined Authority helping deliver a once in a generation Programme for the city region via the LCR Freeport.

Operations & Business Development Director of Liverpool City Region Freeport

ARAB-BRITISH CHAMBER OF COMMERCE | 11

ABES 2023

Lolade is the Home Office Future Borders and Immigration Systems Programme Director and head of the ETA project, with a focus on leading the transformation of the UK border processes into one that is digital, data driven and person centric.

Lolade has spent several years leading transformation programmes across a number of government departments including the Ministry of Justice, Department of Health and Social Care, Cabinet Office and NHS England.

Ms Lolade Onabolu

Senior Programme Director of Home Office

Julia is a Partner at Fragomen focusing on Global Government Strategies and Compliance and recognised as world leader in providing strategic immigration advice to governments, individuals and the world’s leading organizations.

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.

Having previously been appointed Deputy Chair of the London Chamber of Commerce and Industry, Julia was announced as Chair of the Board in 2023.

Ms Julia Onslow-Cole Partner at Fragomen

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

In 2021, Julia was presented with the Outstanding Contribution to Global Mobility Award by the Forum for Expatriate Management. In 2022 Julia joined the Advisory Board of The Global Mobility Executive.

Simon was appointed to develop and lead Gemcorp Middle East operations in July 2023 having spent most of hi s career in banking across emerging markets. Prior to this, Simon represented the UK Government as His Majesty’s Trade Commissioner for the Middle East and His Majesty’s Consul General to Dubai. During his tenure, Simon successfully led several multibillion-dollar investment programmes between the UK and various GCC states, initiated talks for the UK-GCC Free Trade Agreement and saw bilateral trade grow to all-time highs.

Simon has spent more than two decades in the banking sector with extensive experience leading corporate and investment banking groups across Europe, the Middle East, Africa, and Asia. His previous roles in the Middle East include:

Mr Simon Penney

Head of Middle East at Gemcorp Capital

Head of Corporate and Investment Banking at First Gulf Bank (UAE) Chief Executive Officer, Middle East and Africa with the Royal Bank of Scotland Simon was also CEO for ABN AMRO Bank in South Africa. Before this, he worked in consulting at PwC and in project finance within the construction industry. Simon holds a MBA with distinction from Nottingham University and a First Class degree from Reading University.

Hicham has more than 18 years’ experience in international financial markets with a strong focus on MENA and Sub-Saharan Africa regions.

Mr Hicham Maaouni

Managing Director and Head of Corporate Banking, Treasury and Capital Markets at Bank of Africa UK Plc

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His extensive experience in the corporate and I=investment banking spheres comprises several roles in various business areas such as treasury & capital markets, corporate banking, project finance and structured commodity trade finance.

Hicham is heading the global business at Bank of Africa United Kingdom Plc , a specialist bank linking international finance with the growing opportunities in Africa, the bank has a strong market presence thanks to its affiliation to Bank of Africa, BMCE Group, one of the major pan African financial groups.

Hicham holds a Master of Science in International Finance and an Executive MBA.

ABES 2023

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.

Dr Peter Thomas

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

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.

With over three decades of banking experience, including 15 years in alternative investments and a trailblazing 5-year journey spearheading FinTech startups, Mr. Nick is a distinguished figure in the finance industry. He has held senior positions at renowned institutions like Credit Suisse, HSBC, and Standard Chartered, reflecting his commitment to excellence.

Mr Nick Thurlow

Board Member at MBS Green

Mr. Nick’s invaluable expertise aligns seamlessly with MBS GREEN’s core values, making him a key contributor to our mission of driving sustainable investments and innovative solutions in the quest for a low-carbon economy. His visionary leadership continues to shape the future of finance, inspiring us to push the boundaries of financial technology while upholding the highest standards of integrity.

Tom Wintle is the UK’s Chief Negotiator for the UK – Gulf Cooperation Council (GCC) FTA negotiations. Joining DBT in 2018, Tom previously led the UK’s transition to independent membership of the World Trade Organization, represented the UK in G20 trade discussions, and delivered the inaugural G7 Trade Ministerial track.

Mr Tom Wintle

Prior to joining DBT Tom held a variety of Senior Civil Service roles in Cabinet Office, the Department for Business, Energy and Industry, and the Department of Energy and Climate Change, leading teams on internationally focussed issues. Tom worked as a financial management consultant before joining the civil service, and has a degree in Biological Natural Sciences from Cambridge University.

UK - GCC FTA Chief Negotiator at Department for Business and Trade

Lord Ahmad of Wimbledon is the Prime Minister’s Special Representative for Preventing Sexual Violence in Conflict and Minister of State (Middle East, North Africa, South Asia and United Nations).

He was first appointed as Special Representative on Preventing Sexual Violence in Conflict and as Minister of State for the Commonwealth and the United Nations in June 2017.

Lord Ahmad was Minister of State for the Commonwealth and the UN until September 2020.

He was then appointed Minister for South and Central Asia, North Africa, UN and the Commonwealth until September 2022.]

Lord Ahmad of Wimbledon

Minister of State for the Middle East, North Africa, South Asia and United Nations at the Foreign, Commonwealth & Development Office (FCDO)

He boasts a 20-year career in the City banking and finance sector, including at the NatWest Group where he was a senior manager in corporate banking and financial markets.

Educated at Rutlish School and London South Bank University, Lord Ahmad also studied at the Chartered Institute of Financial Services.

ARAB-BRITISH CHAMBER OF COMMERCE | 13

Headline Partner for ABES 2023

Give Your Business the KEZAD Advantage KEZAD Group is the UAE’s largest operator of fully integrated economic zones, business services, staff accommodation and industrial real estate solutions.

Khalifa Economic Zones Abu Dhabi - KEZAD Group - empowers your business with unmatched access to markets through a world-class transport infrastructure with multimodal connectivity by sea, road, air and in future rail networks, connecting you to over 4.5 billion consumers across the region.

Offering both Free Zone and Domestic Economic Zone jurisdictions, KEZAD is committed to creating competitive business ecosystems that encourage sustainable growth, through an open, agile, and integrated environment. This attracts foreign and local investment to Abu Dhabi by offering market access, low operating costs, and ease of doing business both regionally and globally.

KEZAD’s 12 economic zones are located in Abu Dhabi, Al Ain and Al Dhafra Region. KEZAD offers 100% foreign ownership, 100% repatriation of capital and profit, the potential for duty-free trade within the region, and advanced technology platforms that bring together the port community systems with the economic zones. These exclusive offerings allow both clients and partners to be more competitive in an everchanging global environment.

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One of the Largest Economic and Logistics Ecosystems

food & AgTech, life science, metals, polymers and speciality chemicals.

KEZAD Group, under AD Ports Group’s Economic Cities & Free Zones Cluster, supports AD Ports Group as an enabler of maritime trade businesses which provides vital set-up, transportation convenience and services, and hosts close to 1,900 clients from 17 industrial sectors, including (but not limited to) Food Processing, AgTech, Life Science, Speciality Chemicals, Plastics & Polymers, Metals, Retail & Logistics, Pharmaceuticals, Hi-Tech & Green Energy, Building Materials, Oil & Gas and Automotive.

A Regional Hub for the Automotive Industry

Covering a total area of 550km2 including 100km2 designated as Free Zone, KEZAD Group currently has more than 572,000m2 of prebuilt facilities and more than 40 staff accommodation complexes with a capacity of over 450,000 beds under its subsidiary KEZAD Communities.

Focus Sectors KEZAD will be of particular interest to companies operating in its focused sectors where significant advantages are available. These sectors are automotive,

KEZAD offers customised industry solutions for automotive manufacturers, parts makers, distributors and aftermarket products and service providers seeking to explore the markets in the Middle East, Africa, India and Europe.

Key Business Advantages for the Auto Sector • Ready infrastructure for manufacturing and retail • Cost-efficient utilities and logistics solutions • Port-integrated industrial ecosystem • Easy and efficient raw material access Be Part of the MENA Region’s Pioneering Food and AgTech hub KEZAD provides the perfect base for food processing, AgTech, storage, and distribution activities in the UAE and offers companies access to major markets within the region.

Headline Partner for ABES 2023 comprehensive AI-Powered National Genome Programme, and a world-class health information exchange connecting businesses to hospitals, insurances and other health systems Key Business Advantages for the Life Science Sector • Strategic Investment Incentive Programmes • Investment capital for select strategic projects • Business Guarantees and Partnerships • Robust regulatory environment Specialised Ecosystem for the Metals Sector KEZAD offers the perfect platform for primary metals and metals conversion industries to serve the construction, infrastructure and industrial development projects in the Middle East and African markets.

Key Business Advantages for the Metals Sector

KEZAD nurtures businesses by providing infrastructure ready-land plots, readyto-move-in warehouses, customised and built-to-suit facilities, access to advanced laboratories and specialised logistics solutions, reliable utilities, efficient waste management and a pollution-free environment.

Key Business Advantages for the Food & AgTech Sector • Close to source and consumption markets • Reliable and predictable availability of utilities • Access Advanced laboratory services • Pollution-free operating environment • Efficient infrastructure for waste management • Packaging, printing & specialised logistics solutions within the zones Join the MENA Region’s Pioneering Life Science Hub As the region’s premier life science industry hub, KEZAD fosters a biopharmaceutical and life sciences nucleus, enabling science for a better life.

Businesses thrive in the Life Science Sector in KEZAD with access to the most

• A dynamic metals ecosystem and infrastructure • Reliable supply of power gas and water at highly competitive rates • Presence of anchor industries enabling easy access to raw materials: aluminium & steel • Unique hot metal road to deliver aluminium in molten form to the factory • Large areas of serviced land plots for future expansions Specialised Ecosystem for the Polymers Sector KEZAD offers the plastics and polymers sector the distinctive advantage of connectivity, cost-efficiency, supportive environment, and various additional benefits expected of a world-class polymers hub.

Key Business Advantages for the Polymers Sector • Volume rebates on raw materials available within our zones • Essential products and services in polymers value chain within the zones • Shorter transits and lower order batch sizes to reduce supply chain costs • Large areas of serviced land plots for future expansions.

Specialised Ecosystem for the Speciality Chemicals Sector KEZAD provides a comprehensive speciality chemicals ecosystem

from an interconnected network of support industries, access to onsite natural gas and raw materials, proximity to bulk dry and liquid storage facilities, third-party logistics to specialised transportation services.

Key Advantages • Access to an abundant supply of feedstock • Availability of liquid storage facility • Upcoming hub for Hydrogen & Green Ammonia production • Reliable supply of gas, power and water • Compliance with In-Country-Value (ICV) requirements • First Lithium production facility in the Middle East.

KEZAD’s Offerings Whatever your sector, KEZAD has exceptional offerings for your business.

• Serviced Land Plots KEZAD can accommodate industries of any scale due to the meticulous master plan of its economic cities and free zones. Because the Group comprises multiple economic zones, we allocate land by grouping certain industries and service providers based on how best they can benefit one another.

Value is created by leveraging anchor clients and facilitating synergies and operational efficiencies; clients can utilise products produced by another within the zones.

This gathering of collective expertise also creates a business environment that fosters research, growth and the development of skills and talents.

• Pre-built Facilities Pre-built Facilities at KEZAD Logistics Park (KLP), Abu Dhabi, are ideal for storage, logistics, and light industrial activities. Businesses can thrive within a growing industrial and business hub and can minimize capex costs by setting up operations in KEZAD. KLP is comprised of pre-built, welldesigned modular warehouse units equipped with fast access loading docks for trucks, raised docked floor levels and clear open spaces for the eaves. Each unit has its own dedicated loading yard with ramp access for forklifts and designated on-site parking. >>>

ARAB-BRITISH CHAMBER OF COMMERCE | 15

Headline Partner for ABES 2023 • Build-to-Suit Solutions Build-to-Suit is an approach to real estate development where KEZAD Group manages the process of delivering a facility from start to finish that is tailor-made to a client’s specific requirements.

KEZAD’s Build-to-Suit developments are unique in that they provide a streamlined collaborative process that draws upon the breadth and depth of our experience in developing industrial and logistics real estate.

• Free Zone Offices and Business Startup Solutions KEZAD Incubation Hub offers businesses of all sizes a cost-effective company setup solution with an exclusive Free Zone business licence in Abu Dhabi, 100% foreign ownership and no VAT to pay.

Offering the most competitive Free Zone business packages in the UAE, KEZAD Incubation Hub provides a wide range of options suitable for both short-term and long-term plans for entrepreneurs and start-up entities.

Businesses can also set up a free zone company in three easy steps: 1. Choose the package; 2. Submit the documents and payments; 3. Receive the Free Zone Business Licence Specialised Zones and Hubs Abu Dhabi Food Hub – KEZAD An Integrated Food Trading and Logistics Development Abu Dhabi Food Hub – KEZAD in collaboration with Rungis is a publicprivate partnership between AD Ports Group and Ghassan Aboud Group. It is a purpose-built marketplace to facilitate domestic and international food trade.

With modern infrastructure facilities,

16 | ARAB-BRITISH CHAMBER OF COMMERCE

supported by an ecosystem of logistics services providers, government-backed services, and general commercial services, the market is set to become the region’s new centre for food trading and logistics.

An integrated ecosystem comprising trading pavilions, logistics providers, cold and dry warehouses, government support services and commercial support services.

Global Auto Hub – Abu Dhabi An Integrated Automotive Export and Distribution Hub Global Auto Hub – Abu Dhabi is a Public-Private Partnership between AD Ports Group and Ghassan Aboud Group. It is set to become one of the region’s largest automotive export and distribution hubs trading globally across all automotive product categories.

The hub will consist of dedicated areas for trading new and used passenger vehicles, commercial vehicles, heavy equipment and machinery, spare parts, mobility players, and aftermarket products and services, further strengthening the UAE’s position as a globally connected regional automotive trade and distribution centre.

Golden Visa Offers The Golden visa is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits.

Investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers and frontline heroes are among those eligible for the Golden visa.

The Abu Dhabi Golden Visa offers long-term residency to investors and innovators. It is available to top talent from around the world who wish to live, work and grow in Abu Dhabi for years to come. The Abu Dhabi Golden Visa is valid for up to ten years and offers a wide range of visa options for talented professionals such as doctors, scientists, inventors, real estate investors, entrepreneurs, athletes and creatives.

An Investment in the Future KEZAD offers an investment in the future and, through its exceptional benefits, partnerships and connectivity, it is attracting an increasing number of clients including leading international brands operating in various different fields.

Rahayel Rahayel is an integrated community stretching across 4 km² of automotive focused businesses.

It is a one-stop-shop automotive cluster in the Middle East with the highest standards of safety and sustainability, and conveniently located in KEZAD. With world-class infrastructure, Rahayel is strategically designed to cater to all automotive activities, and create a dynamic ecosystem comprising trading, customisation, repair, residential, retail, and recreational activities.

Contact For dedicated support every step of the way, contact KEZAD Group Abu Dhabi Office Tel: +971 800 10 20 30 Email: enquiry@kezad.ae https://www.kezadgroup.com

A Platinum member of the ABCC, KEZAD Group is Headline Partner for ABES2023.

ABES 2023 Sponsor

Qatar Chamber of Commerce & Industry Established in 1963 by virtue of the Law No (4), Qatar Chamber of Commerce & Industry (QCCI) is one of the oldest chambers in the GCC countries. Its main role is to organise business interests and represent the Qatari private sector locally and globally as well as support the country’s economic actors and productivity.

The Chamber’s competences:

10. Contributing to the development the administrative and technical cadres in the economy and business administration.

Looking for the necessary potentials and means to fulfil this objective, as well as contributing to the establishment of institutions, or centres for commercial and technical training and providing support and assistance for those who are sent abroad for scholarships.

• Expressing opinions – in an advisory capacity – on establishing and developing stock exchanges; ports, markets and fairs, as well as granting franchises related to public facilities and providing opinions on laws and decrees of an economic and financial nature.

• Issuing various types of certificates of origin for exported and re-exported goods and products.

• Attesting data and documents of individuals and companies, as well as signatures, stamps, certificates and contracts and other documents related to the commercial transactions that may be needed by the members of the chamber in order to accomplish their transactions inside and outside the country.

Coordinating with members and concerned authorities to enhance and promote Qatar’s economic relations, particularly by: 1. Hosting visiting trade delegations and sending business trips abroad.

2. Holding local and international trade fairs and exhibitions and participating therein.

3. Holding, contributing to and participating in conferences, symposia, and research and training programmes inside and outside the country.

4. Publishing magazines, newsletters, periodicals and any other commercial and scientific publications that help in preparing trade, economic and agricultural reports and studies.

5. Concluding cooperation agreements with similar unions, chambers, or bodies

so as to enhance the cooperation and the commercial ties.

6. Preparing economic researches, studies and reports on the evaluation of the various economic sectors’ performance, their orientation and development, as well as addressing the problems and difficulties they are facing.

7. Compiling, classifying and publishing information and data for those who are interested in trade, industry and agriculture, as well as providing the government with all required data, information and views related to trade, industrial and agricultural issues in coordination with the competent authorities.

8. Determining the commercial and industrial usages and terminology 9. Providing advice to the Chamber’s members regarding legal, commercial, economic, or technical matters, supplying them with the available information and guiding them on how to follow the procedures and the means that may help them protect their rights and develop their businesses.

11. Providing mechanisms of reconciliation, conciliation and arbitration to settle disputes presented by stakeholders, and mediating to settle disputes that might arise between the Chamber’s members, or between them and other parties in order to reach amicable settlements.

12. Participating in local, regional and international events which are related to the Chamber’s competences, as well as participating in committees formed by the governmental and non-governmental bodies with the aim of studying issues that are within the Chamber’s objectives and competences, and all other issues affecting its members’ interests.

The Chamber’s Constituents: • General Assembly • Board of Directors • Executive Office Contact Us Qatar Chamber of Commerce & Industry PO Box 402 Doha Qatar Tel: +974 – 44559111 Email: info@qcci.org https://www.qatarchamber.com/ about-qatar-chamber/ ARAB-BRITISH CHAMBER OF COMMERCE | 17

ABES 2023 Sponsor

The Kuwait Chamber of Commerce and Industry (KCCI) is a non-profit and self-financed The Kuwait Chamber of Commerce and Industry (KCCI) is a non-profit and self-financed private organization withofover 60,000 registered active(KCCI) members.

The Kuwait Chamber Commerce and Industry is a non-profit and private organization with over 60,000 registered active members.

self-financed private organization with over 60,000 registered active members. seeks to establish and foster bridges of cooperaseeks to establish and foster bridges of cooperation between Kuwaiti businesses and their global tion between Kuwaiti businesses and their global In addition to being a representative of Kuwait’s In addition to being a representative of Kuwait’s counterparts, with an aim to build and promote counterparts, withand an foster aim tobridges build and seeks to establish of promote Role:community and a supporter of its activity, business business community and a supporter ofofits activity, mutual business relations, attract foreign and direct incooperation between Kuwaiti businesses In addition to being a representative mutual business relations, attract foreign direct ina major role of the KCCI is to establish and reintheir global counterparts, with aim to build Kuwait’s community and a supporter a major rolebusiness of the KCCI is to establish and reinvestment, and market both theanKuwaiti economy force channels vestment, andmutual marketbusiness both therelations, Kuwaiti attract economy and promote of its activity,ofa communication major role of thebetween KCCI is the priforce channels of communication between the priand its products regionally and internationally. foreign direct investment, and market both the establish channels ofadministravatetosector andand thereinforce Kuwaiti economic and its products regionally and internationally.

Kuwaiti economy and its products regionally communication between the private sector and vate sector and the Kuwaiti economic administraIn internationally. its capacity as a representative of the Kuwaiti tion.theAsKuwaiti such, economic the KCCI administration. engages in offering conand In its capacity as a representative of the Kuwaiti tion. As such, the KCCI engages in offering conAs such, submitting the KCCI engages in offering private sector, the KCCI plays a supportive role sultations, proposals, identifying and private sector,asthea representative KCCI plays aofsupportive sultations, submitting proposals, identifying and In its capacity the Kuwaitirole consultations, submitting proposals, identifying that seeks to protect and promote the interests conveying the areas interest and legitimate deprivate sector, the KCCI a supportive role of and conveying theof of interest and that seeks to protect andplays promote the interests of conveying the areas ofareas interest and legitimate dethatoverall seeks to protectbusiness and promote the interests legitimate demands and of businesses, voicingof the Kuwaiti community both lomands of businesses, voicing theand concerns the overall Kuwaiti business mands of businesses, and voicing the concerns of of the overall Kuwaiti businesscommunity community both both lothe concerns of the business community. cally and internationally. theSimilarly, businessthe community.

Similarly, the KCCI also locally and internationally.

KCCI also Similarly, the KCCI also cally and internationally. the business community.

R Role: ole:

18 | ARAB-BRITISH CHAMBER OF COMMERCE

ABES 2023 Sponsor

Domestically, the KCCI advocates for and promotes the greatertheinvolvement of thefor more Domestically, KCCI advocates anddynampromotes the through greater involvement of the more ic private sector support for vital economic dynamic private sector through support for reforms that seek to diversify Kuwait’s economy vital economic reforms that seek to diversify away fromeconomy the dominant and the government-conKuwait’s away from dominant and oil government-controlled oil sector. trolled sector. In its consultative capacity, it acIn its consultative capacity, it actively tively champions and endorses laws that encourchampions and endorses laws that encourage ageand andcreate create a market friendly environment, a market friendly environment, as as support development business. wellwell as as support thethe development of of Business.

Internationally, The TheKCCI KCCI leads and/or particiInternationally, leads and/or participates in Kuwaiti commercial/economic pates in Kuwaiti commercial/economic delegadelegations to foreign countries, as well tions to foreignforeign countries, as wellvisiting as receives foras receives delegations Kuwait.

Furthermore, sponsors/ it eign delegations visitingit organizes, Kuwait. Furthermore, co-sponsors, and takes part in various organizes, sponsors/co-sponsors, and takes part conferences, forums, seminars and other in various forums, seminars andand othbusinessconferences, promoting functions both outside inside Kuwait. er Business promoting functions both outside and inside Kuwait.

Board of Directors Board of Directors KCCIboard boardofofdirectors directors consists consistsofof 24 24 memThe KCCI The members by the General Assembly, bers elected elected by the General Assembly, for a tenure for a tenure of 4 years, to serve on the board of 4and years, to serve on the board and its committees its committees as (unpaid) volunteers. members represent segments as Board (unpaid) volunteers.

Boardvarious members represent of thesegments private sector’s community.

In various of the business private sector’s business addition to their contribution to the chamber’s community.

In through addition board to theirmeetings, contribution governance the to the skills andgovernance experiences of the directors also chamber’s through board are meetings, through their participation in various theutilized skills and experiences of the directors are also committees that support the chamber’s utilized through participation in their various commission, basedtheir in accordance with mittees that support the chamber’s mission, based

in accordance with their respective business fields, professional backgrounds, and education. respective business fields, professional backgrounds, and education.

Board Committees:

> Chamber’s Bureau, which acts as the “steering”

Board Committees: committee

• Chamber’s Bureau, which acts as the > Industry and labor. “steering” committee

Industry labour. >•Trade andand transport.

• Trade and transport. > Finance and investment.

• Finance and investment. >•Public and Real RealEstate.

Estate.

Public projects projects and >•Education Economy.

Education and Knowledge Knowledge Economy.

• Small and Medium Enterprises. > Small and Medium Enterprises.

Centers:

Centres:

> Abdulaziz Hamad AlSagar Training Center • Abdulaziz Hamad AlSagar Training Centre >•Kuwait Center Kuwait Commercial Commercial Arbitration Centre Business Centre >•Business Center

International / Regional Membership International / Regional Membership

> International Chamber of Commerce (ICC) >•World Chambers Federation (WCF) (ICC) International Chamber of Commerce World of Chambers Federation (WCF) >•Union Arab Chambers (UAC) • Union of Arab Chambers (UAC) > Islamic Chamber of Commerce, Industry & Agri• Islamic Chamber of Commerce, Industry & culture (ICCIA) Agriculture (ICCIA) Federation of of GCC GCC Chambers >•Federation Chambers(FGCCC) (FGCCC) • Many Joint Arab-Foreign Chambers in various > Many Joint Arab-Foreign Chambers in various parts parts of the world.

of the world.

Dir.:(965) (965)224 224235 23555 55 // (965) 224 Dir.: 224 236 236 66 66 Operator: (965) 223 223000 00000 00 Operator:(965)180 (965)180 55 55 80 80 -- (965) kcci@kcci.org.kw kcci@kcci.org.kw www.kuwaitchamber.org.kw www.kuwaitchamber.org.kw

ARAB-BRITISH CHAMBER OF COMMERCE | 19

ABES 2023 Sponsor

Markaz:

Your trusted partner in creating wealth Closing on the heels of the oil boom and a subsequent accelerating economic growth in Kuwait and the Middle East at large, the Kuwait Financial Centre, “Markaz,” was established in 1974 as an investment company with a primary mission to serve the nation’s financial community.

Over the last five decades, Markaz has evolved and positioned itself as a pivotal player in shaping the region’s investment and financial services landscape. The journey then ventured to become a multi-faceted institution offering a wide array of financial services and investment solutions that cater to the diverse needs of its stakeholders.

The successful evolution of Markaz as a leader in Kuwait’s finance and investment industry has been catalyzed by its relentless pursuit of excellence and an unabating aspiration to remain at the forefront of innovation within the sector. Markaz’s commitment to enable its stakeholders to achieve their financial goals while effectively managing market risks has boosted the company’s reputation among the financial community. Since its inception, Markaz has remained truthful to its vision and mission statements focused on creating wealth for its partners by offering best-in-class investment opportunities and tailored solutions.

Throughout its history, Markaz has won over seventy awards from Lipper, Global Finance, Global Investor, EMEA Finance, Euromoney, MEED, WealthBriefing, Banker ME, and MENA fund manager, in the fields of asset management, investment banking,

20 | ARAB-BRITISH CHAMBER OF COMMERCE

wealth management, real estate, research and sustainability.

Specialized Offerings to Clientele Since its inception, Markaz has attracted and retained a client base of high-net-worth individuals, governments, quasi-government institutions, and investment arms of corporations in the Gulf and beyond.

Markaz has continually offered a wide array of comprehensive services, including asset management, investment banking, real estate investment, wealth management, and research, to its diverse clientele with a strong commitment to delivering sustainable wealth creation opportunities. Combining rigorous research, quantitative and qualitative analysis, and a client-centric approach to provide exceptional services, Markaz has earned the trust and carved out a niche among individuals and institutions seeking professional asset management services. With a proven track record of delivering impressive investment returns on capital and a focus on putting investors first, Markaz continues to be a formidable force in the global financial landscape.

Asset Management Markaz’s asset management services offer diverse proprietary and customized investment solutions across

mutual funds and specific portfolio management. Markaz employs a meticulous investment process for stock selection backed by quantitative and qualitative analysis performed by a pool of expert professionals.

Markaz provides a range of equity and real estate funds designed to cater to different investment objectives and risk profiles. Notable funds offered by Markaz include Forsa Financial Fund, the newly launched GCC Momentum Fund, Markaz MIDAF Fund, Markaz Mumtaz Fund, Markaz Islamic Fund, and Markaz Real Estate Fund.

The portfolio management services encompass discretionary, nondiscretionary, and advisory services covering a wide range of asset classes and geographical borders, maximizing returns through a diversified approach.

The key portfolio management offerings include MENA Equities, International Investments, MENA Real Estate, International Real Estate, Oil and Gas, and Fixed-Income Portfolios.

Investment Banking With proven expertise and a consultative approach, Markaz provides world-class investment banking solutions across equity capital markets, debt capital markets, IPOs, listings, capital restructuring, advisory services,

ABES 2023 Sponsor

and mergers and acquisitions advisory.

The institution has a track record of successfully executing transactions worth over USD 6.3 billion across various industries through its dedicated team of professionals covering sectors such as the financial industry, education, healthcare, real estate, manufacturing, retail, oil & gas, and logistics.

In the sphere of Capital Markets, Markaz offers advisory services for debt capital markets, equity capital markets, and IPOs and listings. Markaz has collaborated with notable clients on debt structuring advisory, sukuk structuring advisory, capital structuring advisory, and bond structuring advisory, among others. By leveraging its expertise and technical execution capabilities, Markaz strives to deliver optimal solutions for its clients’ unique requirements. The institution’s commitment to excellence and its consultative approach make it a trusted partner in investment banking in Kuwait and the region.

Real Estate Investment Markaz has built a robust portfolio of real estate assets across the dynamic markets of MENA, the US, and Europe to deliver sustainable returns to its diverse clientele. With its expertise in sourcing opportunities, conducting due diligence, and arranging debt financing to acquire well-located assets, the financial institution’s real estate division has leveraged its extensive market footprint and exceptional operational expertise to achieve excellence in this segment.

Markaz also caters to both institutional and high-net-worth clients seeking the investment advantages of the real estate asset class in the MENA region through their actively managed funds.

These funds primarily invest in incomegenerating real estate assets in various sectors across the GCC, aiming to generate stable income and returns through sound property acquisition, management, and disposal.

Internationally, Markaz has established itself as a market leader and partner of choice, boasting a successful track record spanning around 50 years and across five countries with a wellestablished infrastructure of reputable, market-leading partners, developers, and service providers.

Moreover, Markaz offers tailored services, allowing clients to benefit from the developments of various real estate sectors in the regional market. The institution also provides dependable project management and top-quality architectural, engineering, and construction resources that deliver projects on time and within budget.

Wealth Management Markaz’s Wealth Management division offers top-of-the-line solutions with a personal touch to protect and grow clients’ wealth. Markaz provides customized wealth management plans across all asset classes that meet individual/corporate needs and financial goals. The team of experts creates optimal asset allocation models and selects investments that align with customers’ risk profiles, return objectives, and liquidity goals. Markaz offers local, regional, and global asset allocation across Equities, Fixed Income, Currencies, Commodities, and Real Estate and provides advisory services for Islamic portfolios and structured products. The Wealth Management division at Markaz has won several accolades and recognition for its excellence, including the Best Domestic Private Bank in Kuwait

and Global Investor’s Kuwait Wealth Manager of the Year.

Research Markaz offers a comprehensive range of research services that empower clients to make informed investment decisions and provide them with valuable insights. Marmore MENA Intelligence, the research arm of the institution, has established itself as a thought leader by publishing research to build a substantial database of regional businesses and cater to the unique and exclusive requirements of its clients.

In addition to research studies, Markaz also offers consulting services encompassing industry market assessments, white-label reports, database access, company valuation, due diligence/business evaluation, feasibility studies, business plans, and C-suite support at the CXO level. This stems from Markaz’s commitment to delivering indepth insights and objective analysis to assist clients in staying updated with the latest developments in local and global markets.

Markaz and Innovation Over the years, Markaz has pioneered innovation by developing new concepts resulting in new investment channels that enjoy unique characteristics enabling Markaz to widen investors’ horizons. Examples include Mumtaz (the first domestic mutual fund), MREF (the first real estate investment fund in Kuwait), Forsa Financial Fund (the first and only options market maker in the GCC since 2005), and the GCC Momentum Fund (the first passive fund of its kind in Kuwait and across GCC that follows the momentum methodology). https://www.markaz.com/en/

ARAB-BRITISH CHAMBER OF COMMERCE | 21

Platinum Member Participating in ABES 2023

Choose Moorfields Private for world-renowned eye care Moorfields Private Eye Hospital is the private division of the world-renowned Moorfields Eye Hospital NHS Foundation Trust, with a reputation as a centre of excellence for providing ophthalmic care to private patients from the UK and across the world.

We spoke to Andrew Robertson, director of private care at Moorfields, about its unique appeal for international patients.

What can Moorfields Private offer that no one else can?

conferences and symposiums. All of the nurses and allied health professionals at Moorfields Private are specialists in ophthalmology.

The hospital’s partnership with UCL Institute of Ophthalmology puts us at the forefront of ophthalmology research and together we run the only NIHR Biomedical Research Centre dedicated to vision research. This research programme has resulted in advances in the use of artificial intelligence in diagnostics, robotic surgery, gene therapies, and sight restorative technology.

Our world-firsts include the first 3D printed prosthetic eye, the first gene therapy to cure an inherited human eye disease, and the first use of robotic surgery to remove a cancerous eye tumour.

Being part of the Moorfields heritage and innovation reflects on the high standards of care as well as our expertise in treating all kinds of eye problems - from common complaints to the most complex eye health problems that may require unique pioneering treatment not available anywhere else in the world.

We are proud to be considered the world’s leading destination for expert eye treatment and continue to set standards for the rest of the world to follow.

At Moorfields Private you can have peace of mind that you and your family will be treated to the highest standard by a team of experts who are all Moorfields accredited and world-renowned for their innovative approach to treatment, education and research.

Moorfields Private consultants lead on international research projects, are members of national and international professional ophthalmology bodies and regularly present at international 22 | ARAB-BRITISH CHAMBER OF COMMERCE

Our patients have access to first-class facilities, including our state-of-theart laser and theatre suites and our private outpatient centres. Our hightech equipment is regularly updated to provide high accuracy, reduced operation time and better results for our patients.

What services are available to international patients?

Our patients come to us from all over the world and we understand why: they often need bespoke help and support and often cases are very complex and, on many occasions, are not treatable in their home country. Our world-leading consultants offer treatment for rarer ophthalmology conditions, including neuro-ophthalmology conditions, oncology (cancer) and inherited/genetic eye conditions.

We are the largest single site for private cataract operations in the UK. Our consultants frequently perform complex surgeries which require specific ophthalmic expertise such as cataract in glaucoma patients.

We offer treatments for all common eye conditions including glaucoma, agerelated macular degeneration (AMD), retinal detachments, uveitis, diabetic eye conditions and corneal complaints, as well as vision correction through laser eye surgery and implantable contact lenses.

The hospital’s oculoplastic surgeons offer a variety of cosmetic procedures treating areas around the eyes for functional and aesthetic purposes. All of them are both cosmetic surgery specialists and consultant ophthalmologists, which ensures the best advice and treatment available for the patients.

At Moorfields Private we have a dedicated team and service for international patients which ensures that each stage of their treatment pathway is managed through one central point of contact. Our international office can arrange treatment around the patient’s travel plans. We can also provide ongoing communication with embassy or corporate sponsors and their medical

Platinum Member Participating in ABES 2023 teams, ensuring continuity of care when their patients have returned to their home country.

Rapid Access and Urgent Care Clinic

child-friendly patient environment, with world-class facilities and equipment.

The centre houses outpatient consulting rooms and a day care ward, alongside research laboratories and overnight accommodation for children and parents.

The Richard Desmond Centre also offers a paediatric A&E where children who have developed sudden or emergency eye problems can be treated quickly by specialists in paediatric ophthalmology.

Where is Moorfields Private located?

Visitors to the UK from abroad, who suddenly develop an eye problem during their time here, can find it difficult to know who to turn to for the best medical care.

This service offers adult patients fast access to diagnosis and treatment for urgent eye problems, such as an unexplained sudden change in your vision, trauma or a suspected infection, or eye discomfort such as dry eye, pain, redness or swelling.

What children services do you offer?

Our Richard Desmond Children’s Eye Centre is the world’s largest children’s hospital dedicated to the treatment and research of eye diseases in children. It was designed to create a welcoming and

Patients interested in laser eye surgery can be offered Lasek, Lasik, TransPRK and SMILE procedures performed using the most advanced techniques and equipment for high accuracy and best results.

How does Moorfields Private support the international community in the UK? We work closely with the diplomatic community, embassies and consulates in London and provide outstanding, comprehensive ophthalmic care to foreign nationals visiting or working in London, embassy staff and their families, and to all international patients seeking ophthalmic treatment in the UK.

Dealing with health issues, especially urgent ones, in a foreign country can be challenging.

Our Rapid Access and Urgent Care Clinic offers same and next day appointments with world renowned Moorfields Private consultants.

It offers outstanding patient care, diagnostic and refractive procedures in comfortable state-of-the-art facilities which include a newly equipped refractive laser suite and operating theatre.

Some patient feedback

With two central London locations: City Road (near Old Street) and New Cavendish Street in the heart of London’s medical district, our eye care is conveniently located for international travellers.

At our flagship City Road location, a standalone private outpatient centre offers patients a relaxed and welcoming atmosphere. It is set over four floors where each floor has its own consulting rooms, diagnostic rooms and waiting area, where patients can relax prior to their appointment or while they wait for their diagnostic test results. The outpatient centre also has a dedicated pharmacy, where patients can obtain any prescribed medicines.

“From that very first call, I have not talked to one person in this hospital who hasn’t been extremely helpful. I think everyone I encountered at Moorfields Private was friendly and helpful and made me feel like they were caring for me and I wasn’t just passing through. They go the extra mile for you, it’s amazing!”

Georgia, Moorfields Private patient “Tremendously grateful for the staff at the international patient services. Always, on top of their work, really professional and helpful. A heartfelt big thank you to all”.

There is a private patient’s refractive suite where all our laser eye surgery equipment is upgraded every three years. This ensures that we offer our patients the most advanced and precise technology.

More information

Our private ward includes both bedrooms for overnight stays and cabins for day patients - all furnished and equipped to the highest standards, ensuring five-star comfort.

For more information about Moorfields Private and to refer international patients to Moorfields Private, please contact us: +44(0) 207 521 4665 moorfields.privateinternational@nhs.net

Moorfields Private, New Cavendish Street is our new central London location in the heart of London’s medical district.

Moorfields Private Eye Hospital is a Platinum member of the ABCC and will be exhibiting at ABES2023.

Dubai Health Authority

ARAB-BRITISH CHAMBER OF COMMERCE | 23

Platinum Member Participating in ABES 2023

Montenegro an Investment Destination in the Heart of Europe Economic Focus spoke to Aleksandra Drašković, Founder and CEO, Montenegro Properties Ltd. Montenegro Properties was founded in 2006, and is today one of the leading real estate agencies in Montenegro. We have participated at many expos worldwide, among which is MIPIM Horizons, in 2009 to promote investments in Montenegro.

promoting an international standard and rewarding the best estate agents globally.

Judging was undertaken by a panel of over 70 experts from all over the world and chaired by an active member of the House of Lords, Lord Best.

The company is recognised for combining its expertise in direct property sales to the end users with consulting large institutional and private investors on the best investment opportunities and making them acquainted with the comparative advantages that the Montenegrin market has to offer. It is a country where branded residences are continuing to expand.

Montenegro Properties appeared in the official winners’ publication “World’s Best 2020-2021”.

Your agency won several prestigious awards for Best Real Estate Agent.

You must be very proud of this recognition.

We are indeed proud that Montenegro Properties has won several prestigious awards for Best Real Estate Agent, Best Real Estate Marketing and Best Real Estate Agency Website in Montenegro as part of the International Property Awards, which recognize excellence in the property industry worldwide,

24 | ARAB-BRITISH CHAMBER OF COMMERCE

The world is changing rapidly and people want more and more from property. What do your customers want?

Introducing innovations in the property sector, switching to digital communication, online operations, has proven a necessity when it comes to the real estate brokerage business. The world is changing rapidly and thus also what we need from our property.

High-end properties are attracting a new generation of discerning buyers.

People want to spend more time in outside spaces, among their family, and to be in contact with nature. Increasingly, discerning buyers want a high-quality lifestyle, they want a one-stop-shop, that

is, resorts with all the amenities found within the complex itself. This is becoming a growing trend in the market, it is not considered an advantage anymore, but a real trend, thus making those locations which boast a swimming pool, a gym, 24/7 reception service, facility management within itself – simply, the places where people choose to stay!

In response to this trend, Luštica Bay has launched its first golf residences with a prolonged interest-free payment plan, which allows for moving in or renting out the residence up to 3 years before full payment is settled. These residences will certainly contribute and add value to positioning Montenegro as a prestigious destination.

How do you see the future perspective and unlock the new opportunities?

Montenegro is an emerging market, a developing country with enormous potential to be unlocked, and it is certainly set to become a future hub for HNWIs and a hotspot for branded residences. The global market for branded residences is continuing to

Lustica Bay residential development

Platinum Member Participating in ABES 2023 expand, with brands seeking for new locations to grow their portfolios.

Montenegro is a young market still to be discovered and is set to take advantage of this growing demand. With several branded residences already present in Montenegro (Regent Hotel in Porto Montenegro, Kerzner International, One&Only Portonovi, Swissotel Resort, Accor, etc), we expect to unlock the future perspective and the new opportunities that will offer attractive ROI to potential investors and boost the growth of the country. The branded residences market is set to grow by 55% by 2026 globally.

What should be improved?

There are a few challenges, though, that Montenegro has to face and shortcomings to work on in the near future, such as the fact that Montenegro still lacks a strong road infrastructure and improving the airline connections is a necessity.

Increasingly, discerning buyers want a high-quality lifestyle, they want a one-stop-shop, i.e. resorts with all the amenities within the complex itself.

About Montenegro Montenegro occupies a remarkable corner of Europe, located in the continent’s South-eastern region. It is the fifth fastest growing tourist destination in the world according to a World Tourism Organization report (UNWTO).

• It is an EU member candidate country • Tax on corporate profits – 9% - 15% (for the profit up to 100,000 EUR) • The lowest income tax in the region and one of the lowest in Europe • EUR as currency of payment • Foreign investors receive the same treatment as nationals • Country has successfully preserved macroeconomic stability amid the economic turmoil of recent times • It is a safe destination • Unique natural potential.

An Emerging Yachting Hub Montenegro is well positioned to become one of the strongest yachting hubs in the world moving forward.

Montenegro has remarkable comparative advantages which can position itself as a world centre for marine leisure activities, especially for superyachts. Not only it is blessed with a stunning, safe and secluded haven in the Bay of Kotor, the country also has a long heritage of marine engineering that it can be proud of, and especially relatively low customs rates can significantly contribute to positioning Montenegro on the world map of superyacht destinations.

The biggest comparative advantage that Montenegro possesses is its breathtaking natural landscape. The proximity of the mountains and the sea, one of the most beautiful bays in the world, Kotor Bay, its clear blue Adriatic sea, a maximum of two hours flying to major EU cities, prices still lower than in other Europe destinations, are just some of its attractions. Additions points worth mentioning:

Five Star Award presented to Montenegro Properties for the Best Agency Marketing in 2023

As a country strategically located on the axis between the Western Mediterranean core superyachting arena and the Caribbean arena to the West, and the fast-growing Arabian and Asian arena to the East, Montenegro is well placed to become one of the most sought after yachting hubs in the world moving forward.

Golf Courses and the First Golf Residences in this part of Europe Montenegro’s premier golf residences, including an 18-hole golf course designed by the famous golf architect Gary Player, nestles atop breathtaking cliffs overlooking the sparkling Adriatic Sea. This exclusive clifftop neighbourhood offers an unparalleled lifestyle experience for those seeking the perfect blend of luxury, natural beauty, and outdoor adventure.

Every aspect of this project has been thoughtfully designed to harmonize with the Mediterranean-inspired architecture, seamlessly blending indoor and outdoor living. Luxuriate in the tranquility of your elegant residence, adorned with high-quality finishes and natural materials that reflect the timeless charm of the region.

The Golf Course is part of the Lustica Bay residential development, which includes luxurious villas, townhouses, and apartments with a range of amenities such as clubhouses, restaurants, bars, shops and more.

Contact Montenegro Properties Ltd info@montenegroproperties.com https://www.montenegroproperties. com Montenegro Properties Ltd is a Platinum member of the ABCC and Aleksandra Drašković will be speaking at ABES2023.

ARAB-BRITISH CHAMBER OF COMMERCE | 25

Platinum Member Participating in ABES 2023

Saudi Arabia’s Roadmap to Global Business Leadership

By Haider Hussain, Partner, Fragomen The business environment in the Kingdom of Saudi Arabia (KSA) has undergone a substantial transformation in recent times. With its strategic location, abundant resources, and rapidly evolving economic landscape, the country has become a compelling destination for global companies seeking fresh prospects. Saudi Arabia boasts one of the world’s top 20 economies, ranking as the largest economy in both the Arab world and the Middle East. These developments are closely aligned with the bold Vision 2030 initiative, aimed at diversification of its economy, boosting job creation, and attracting top talent to the Kingdom.

As a result, Saudi Arabia is actively opening its doors to various industries, offering a wide range of opportunities for international businesses.

Saudi Arabia holds a unique position, located at the crossroads of three continents and the intersection of both emerging and developed markets. Its population, standing at 32.2 million, is a tapestry of cultures and nationalities, with approximately 13.5 million (42%) expatriates calling the Kingdom home.

The total population has jumped 34.2% in the last 13 years due to the KSA’s economic transformation. The growing presence of international professionals in Saudi Arabia represents a real-world manifestation of employee mobility, where the global workforce converges to contribute to the nation’s progress.

26 | ARAB-BRITISH CHAMBER OF COMMERCE

The KSA also has one of the youngest populations globally, with 63% of Saudi citizens under the age of 30. This youth demographic offers significant advantages for the country’s ambitions to diversify including a skilled, innovative, and cost-effective workforce, fostering entrepreneurship, and accelerating technology adoption over the long term. Their fresh perspectives and digital proficiency can drive the growth and competitiveness of Saudi Arabia’s economy on a global scale.

the world’s fastest-growing economies on the strength of sweeping probusiness reforms and a sharp rise in oil prices and production. The Kingdom’s transformative efforts will not only redefine the economic landscape but also foster an environment of innovation and collaboration that holds the promise of long-term business growth.

In August 2023, the International Monetary Fund predicted that Saudi Arabia would this year become one of

The establishment of Special Economic Zones (SEZs) like NEOM, a giga project anticipated to be 33 times the size of

Economic Growth and Diversification

Platinum Member Participating in ABES 2023 New York City and nearly equivalent to the size of Belgium, has played a pivotal role in driving Saudi Arabia’s economic transformation. Special economic zones are designated geographical regions that encourage particular activities, including investment, trade, and job creation, by offering distinct advantages and legal structures that deviate from the broader national economic framework.

NEOM is set to attract approximately one million visitors by 2025 and five million by 2030. The launch of four additional special economic zones in April this year, with incentives for international companies, marked a milestone on Saudi Arabia’s path to becoming a global business and investment powerhouse.

The diversification strategy encompasses various industries, including manufacturing, technology, tourism, finance, and sports. For instance, the Kingdom was recently awarded the 2034 FIFA World Cup and is in the running to host the Expo 2030. These events are bound to attract millions of international visitors, spurring infrastructure development, driving growth in the sports sector, and promising long-term benefits for the nation. By nurturing these non-oil sectors, Saudi Arabia seeks to create a more balanced and robust economy capable of withstanding global economic uncertainties. The Kingdom’s National Investment Strategy (NIS) is anticipated to be a driving force behind the expansion and diversification of the economy, aligning with several key objectives outlined in Vision 2030. These objectives encompass boosting the private sector’s share of the GDP to 65%, elevating the contribution of Foreign Direct Investment (FDI) to GDP to 5.7%, augmenting the proportion of nonoil exports to GDP from 16% to 50%, and positioning Saudi Arabia among the top 10 economies in the Global Competitiveness Index by the year 2030.

The Regional Headquarters Initiative A crucial element of Saudi Arabia’s economic transformation is the Regional Headquarters Initiative (RHQ). The RHQ programme is a collaborative effort between the Ministry of Investment (MISA) and the Royal Commission for Riyadh City (RCRC), aimed at encouraging global companies’ regional headquarters to move to Saudi Arabia. The initiative has been met with great enthusiasm by numerous international companies.

By setting up RHQs in the KSA,

these businesses can effectively tap into the growing regional markets in the Middle East and North Africa (MENA). This is especially appealing for companies seeking to expand their influence in the region, as Saudi Arabia’s strategic location provides access to the overall Middle East market of over 400 million people.

As of now, Saudi Arabia has granted licenses to more than 160 regional centres through the Regional Headquarters Programme, which the Saudi government unveiled in February 2021. Under this programme, starting from January 1, 2024, Saudi authorities will significantly reduce their contractual agreements with multinational companies that do not establish a regional headquarters in Saudi Arabia, with only limited exemptions being applicable.

Furthermore, Saudi authorities have introduced additional incentives for employees working at regional headquarters. These incentives encompass permitting foreign spouses under family residency visas to obtain work authorisation and extending the age limit for dependent male children to obtain a family residence permit up to 25 years, a notable increase from the previous age limit of 18. In addition to incentives, the government has been actively supporting the development of RHQs by providing streamlined processes for business setup and ongoing support in accessing local markets. This comprehensive approach has facilitated a smoother transition for companies looking to establish themselves in the region.

Employee mobility and workforce diversity Employee mobility plays a crucial role in the ongoing economic transformation of Saudi Arabia, and this significance is prominently showcased in the rapid growth of the tourism sector. The Kingdom has set an ambitious target of creating over one million jobs within the tourism industry by 2030, an endeavour that is not only geared towards boosting employment but also underlines a deliberate strategy to attract global talent and seamlessly integrate it into the local job market. With a vision of the tourism sector contributing significantly to the country’s GDP, Saudi Arabia is actively tapping into the international talent pool. The aim is to harness the expertise and skills of professionals from diverse backgrounds, who can play a crucial

role in shaping the sector’s future.

This strategic approach is not limited to the tourism industry alone, it mirrors a broader commitment to embracing global talent as a means to foster economic development and innovation in various sectors.

A remarkable story of transformation The Kingdom’s forward-looking approach, bolstered by businessfriendly policies and a visionary roadmap, is laying the foundation for a prosperous and diversified economy.

As global enterprises increasingly recognise the vast potential within Saudi Arabia’s borders, the nation’s allure continues to grow. What sets this transformation apart is its multifaceted nature, marked by the increasing inflow of foreign investments, the establishment of regional headquarters under the RHQ initiative, and the pivotal role played by global mobility.

These dynamic elements collectively contribute to a vibrant business environment that holds immense promise for both international corporations and professionals. As Saudi Arabia continues to embrace transformation, the country is on a trajectory to solidify its status as a key influencer on the global stage.

About Fragomen Fragomen is the world’s largest provider of immigration and corporate advisory services with extensive presence in the Middle East, including five practices across three regional business hubs in the UAE, Qatar and Saudi Arabia. With a network of Fragomen offices and local partners, the firm provides support to companies with their employees’ KSA application process in their home country in coordination with teams based in Riyadh, Al Khobar, Neom & Jeddah.

Fragomen Corporate Services Division is continuing to support companies looking to set up their RHQ in KSA in close collaboration with the RHQ Leader and his team at the Ministry of Investment.

For further information, contact hhussain@fragomen.com www.fragomen.com/ ARAB-BRITISH CHAMBER OF COMMERCE | 27

Gold Member Participating in ABES 2023

Attaché London

The pinnacle of luxury property management and elevated lifestyle choices, Attaché London is your gateway to luxury living. Specialising in high-end property services, construction and refurbishment, complemented by an unrivalled lifestyle concierge service for seamless day-to-day assistance.

28 | ARAB-BRITISH CHAMBER OF COMMERCE

Gold Member Participating in ABES 2023

Founded in 2016, Attaché London now operates internationally, with all services available 24/7, 365 days of the year from the Attaché London concierge mobile application.

With more than 20 years of experience in commercial and residential property management, the people who head up Attaché hold a portfolio that boasts a unique collection of premium properties across the most prestigious areas of Central London.From immaculate townhouses to secluded estates, their team of experts ensures that every aspect, from architecture and interior design to amenities and functionality, meets the highest standards.

Bespoke Property Services Property Sourcing From locating highly sought-after property to managing the acquisition process with utmost care and discretion, the Attaché London team offer a seamless, professional and trustworthy service.

Refurbishment and Turnkey Projects During every aspect of the process, from concept to completion, enjoy bespoke renovations tailored to your vision that you will love for years to come.

Property Management From fixing a leak in your absence to restocking your fridge prior to your arrival, every detail is taken care of for your peace of mind.

Estate Management Maintain the pristine beauty of your estate with holistic estate maintenance services.

Understanding that your time is precious, and managing properties from afar can be overwhelming, Attaché London offer a comprehensive suite of services designed to save you time and eliminate the hassles associated with property-related tasks.

The Ultimate Personal Assistant For concierge services that extend beyond real estate. With a worldwide reach, enjoy access to curated lifestyle management services such as private aviation, luxury travel, chauffeur services, fine dining, exclusive access and preferential rates, personal shopping, and other personal services.

With luxury at your fingertips, the Attaché London mobile app offers the ultimate assistant for all aspects of everyday life. Harnessing the power of AI technology, tailor-made experiences have never been easier as the app learns from your usage, behaviour and search patterns. This 21st century booking experience reimagines discovery with a 24/7 customer service team based in all corners of the world.

Seamless service for an elevated lifestyle…

Reliability Designed to streamline your lifestyle and cater to your every need, from prompt responses to accurate information, bespoke itineraries, and seamless service delivery, you can trust the Attaché London concierge team to consistently deliver exceptional experiences.

Exclusive Access Within one mobile application, you hold the key to unparalleled access, opening doors to endless unforgettable moments at preferential rates.

24-hour Assistance Unexpected situations can arise at any time, but with round-the-clock support at the tap of a button, you have access to immediate assistance from the dedicated Attaché London concierge team.

For more information visit the Attaché London website at www.attachelondon.com Contact Attaché London for membership details and pricing via info@attachelondon.com Attaché London Concierge App is now available via the App Store and Google Play.

New Gold ABCC member, Attaché London will be exhibiting at ABES2023.

ARAB-BRITISH CHAMBER OF COMMERCE | 29

TUESDAY, DECEMBER 19, 2023 (18.00 - 20.00) (GMT+1) //LONDON

The Arab British Chamber of Commerce is delighted to announce that it will be hosting its Annual Winter Reception on the evening of 19th December 2023.

We are looking forward to what promises to be an enjoyable end of season social gathering and networking event. We will be joined by diplomats, members of the ABCC Board of Directors, our valued members, senior executives and other distinguished guests. The reception will be held at the ABCC premises commencing at 6.00pm. Canapes and drinks will be served.

ntary Complime r access fo

ABCC Members

Please RSVP as soon as possible, as places are limited and will be issued on a first come first served basis.

REGISTER https://abcc.glueup.com/event/92080/register/

ABCC Activities

Forum on the Evolution of Banking, Finance & Insurance 12 JULY 2023 Mr Abdeslam El-Idrissi opening the forum

A panel of leading banking executives were welcomed to the Chamber on Wednesday afternoon, 12 July, for a high powered discussion on The Evolution of Banking, Finance and Insurance, which was the latest of our ABES2023 introductory forums.

The packed auditorium made up of business executives, ABCC members and guests heard our four expert speakers share their considered insights into trends in the banking and financial services industry across both the UK and the Arab world during a time when the incredible speed of transformation was being driven

by AI technologies, digitalisation and innovation.

Mr James Redfern

Mr Michael Bishop

The discussion set the scene for a key session to be held at the Arab British Economic Summit, when it opens on 20 November, stated Mr Abdeslam El Idrissi, ABCC Deputy CEO & Secretary General, who anticipated that the forthcoming event

would exceed the 700-800 footfall achieved in 2022.

The distinguished speakers were Naim Hakim, CFA, executive banker prominent in Lebanon and the Gulf region, Mr Michael Bishop, Head of Wealth Management, WH Ireland, formerly with UBS, Steve Herbert, Wellbeing & Benefits Director, Partners& and Mr James Redfern, Sales Director, Diligencia.

Each of the speakers offered solutions to the new challenges and risks emerging with the post-pandemic growth in digital transactions, the rise in cyber threats and the immense reputational and financial costs of data theft. More sophisticated regulation, greater transparency in the management of wealth, closer cooperation between companies and improving the financial literacy of customers were just some of the remedies raised by the panellists and in their wide ranging exchanges with delegates.

Mr Naim Hakim, speaking, alongside Mr Michael Bishop, Mr James Redfern and Mr Steve Herbert

ARAB-BRITISH CHAMBER OF COMMERCE | 31

ABCC Activities

ETA Launch for Qatari Nationals 17 JULY 2023 In partnership with the Home Office, the ABCC on 17 July hosted a briefing to introduce the UK’s new Electronic Travel Authorisation Scheme.

The event at our Mayfair premises was held in cooperation with the Home Office who delivered the main presentation to the audience of mainly Qatari nationals.

Earlier this year, the UK government announced its plans to introduce the ETA scheme as part of a digitisation of the UK border by 2025, to further enhance border security and customer experience. An ETA is a digital permission to travel for those visiting or transiting through the UK who do not need a visa for short stays, or who do not currently hold another UK visa.

The briefing explained how the scheme is set to “go live” for Qatari nationals in October 2023, followed by citizens of the rest of the GCC states and Jordan in February 2024, ahead of a worldwide expansion to be rolled out throughout 2024.

The main speakers at this event were key Home Office officials from the Future Borders and Immigration Systems Programme.

Mr Bandar Reda, ABCC Secretary General & CEO, welcomed the guests and attendees and was accompanied by Mr Abdeslam El-Idrissi, ABCC Deputy CEO & Secretary General, who also participated in the roundtable discussions.

H E Sheikh Hamad Bin Ahmed Al Thani (centre), flanked by Mr Bandar Reda and Mr Abdeslam El-Idrissi.

From left behind: Lolade Onabolu, Cara Aikman and Home Office colleagues.

Lolade Onabolu, the Home Office Future Borders and Immigration Systems Programme Director and head of the ETA project, gave the main briefing. Her work is focused on leading the transformation of the UK border processes into one that is digital, data driven and person centric.

Ms Onabolu has spent several years leading transformation programmes across a number of UK government departments including the Ministry of Justice, Department of Health and Social Care, the Cabinet Office and NHS England.

She was joined by Cara Aikman who leads on the design and delivery of the technology that will underpin the ETA process. This includes the application process, the caseworking process and elements of the customer contact solution.

Ms Aikman led a research trip to UAE and Qatar earlier in the year and using insights from the trip combined with wider research to direct the development teams at the Home Office who are working on the ETA project.

His Excellency Sheikh Hamad Bin Ahmed Al Thani, who is a Board Member of both the Qatar Chamber of Commerce and of the ABCC, was present at the briefing.

Lolade Onabolu speaking in the ABCC boardroom with Cara Aikman (centre).

32 | ARAB-BRITISH CHAMBER OF COMMERCE

ABCC Activities

Saudia VIP Event in Birmingham

Mr Abdeslam El-Idrissi (front right) at the launch event for Saudia’s new services from Birmingham.

ABCC Deputy CEO & Secretary General, Mr Abdeslam El-Idrissi, was delighted to attend a private VIP lunch with Saudia airlines and Birmingham Airport on 2nd July to mark the formal launching of a new thrice-weekly flight service from Saudia departing from Birmingham Airport BHX to Jeddah JED.

Various distinguished guests attended the launch, including Ms Manal Alsheheri, VP Passenger Sales for Saudia, Hesham Bindkhail, Europe Manager for Saudia, Nick Barton, BHX chief executive, Saqib Bhatti, MP for Meriden & vice chair of the Conservative Party

for Business and Simon Evans, BHX Head of Corporate Affairs & Marketing.

The new service should encourage the development of trade and leisure opportunities between companies in Saudi Arabia and the UK. ARAB-BRITISH CHAMBER OF COMMERCE | 33

ABCC Activities

Introductory Forum on COP28 & Sustainable Development Upwards of 100 delegates representing companies across the energy, technology, services and green finance sectors joined our COP28 & Sustainable Development introductory forum on the afternoon of 12 September where the ABCC hosted a panel of distinguished industry experts from Saudi Arabia, Abu Dhabi and the UK.

Delegates gathered at the Chamber’s Mayfair premises were greeted by ABCC Secretary General & CEO, Mr Bandar Reda, who highlighted the positive role of the Chamber in assisting businesses in building closer relations to strengthen cooperation between Arab and British companies.

Chairing the discussion, Mr Abdeslam El-Idrissi, ABCC Deputy CEO & Secretary General, began by remarking on the recent devastating earthquake that had struck the region of Marrakesh in Morocco and the flooding in Libya, urging people to support the relief efforts and donate to the appeals that had been launched.

34 | ARAB-BRITISH CHAMBER OF COMMERCE

Mr El-Idrissi described the introductory forum as a preliminary to the session of the same title that will feature at the ArabBritish Economic Forum (ABES2023) when it meets in London on 20 November.

The ABCC was delighted to welcome a delegation from Saudi Arabia’s National Centre for Waste Management (MWAN), whose Director of Sector Planning, Mr Sulaiman Alamro, delivered a detailed presentation at the forum on the Kingdom’s ambitions to transform its waste collection and recycling industry in line with Vision 2030. MWAN’s mandate resembled that of UK’s DEFRA and the Environment Agency, Mr Alamro said,

indicating that its aim was to eliminate the use of landfill and maximise recycling.

The extensive plans for the sector were a necessary response to the major transformation taking place inside the country with new city developments, population growth and major infrastructure leading to the demand for more waste collection and recycling facilities, the MWAN executive stated.

Saudi Arabia’s plans in this sector were opening up major opportunities for investors and the purpose of MWAN’s visit to the UK was to learn from British experience and hold discussions with key officials from industry and government.

ABCC Activities

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

Ms Khulood Taymour, Senior Manager, Channel Management, KEZAD Group

Mr Sulaiman Alamro, Director of Sector Planning, Saudi Arabia’s National Centre for Waste Management (MWAN)

The introductory forum attracted seven partners and supporting organisations with headline partner, KEZAD Group providing one of the keynote speakers. The ABCC also partnered with the UK Department for Business & Trade (DBT) via its “Great” campaign and Kantor Advisory Partners to deliver the event which proved to be extremely successful. The other event supporters were Sustain:able, Floras and ZEF Concepts & Phyla Earth.

Speaking online from Abu Dhabi, Ms Khulood Taymour, Senior Manager, Channel Management, KEZAD Group, shed much light on the vast number of opportunities for investors, SMEs and startups in areas like green science and technology in KEZAD’s strategic hub. She urged companies interested in availing themselves of these opportunities to make direct contact with KEZAD which operated a one-stop shop service where enquirers would be guided to the best options to suit their requirements. Ms Taymour stated that she looked forward to meeting delegates in London at ABES2023 and said that KEZAD was pleased to be the Summit’s lead partner.

The panel of speakers was completed by sustainability experts from companies drawn from the ABCC’s membership base, including new Platinum member, Zef Concepts Ltd & Phyla Earth Ltd, whose CEO & Co-founder, Rabih El Fadel, described his projects to regenerate degraded industrial landscapes across Africa. Mr El Fadel has had an extensive career working alongside UN agencies and governments in Africa and Asia to create sustainable community based projects to assist with food production and environmental regeneration.

The final two speakers were Dr Rachel Gavey, Director, Sustain:able, who spoke of how her company supports firms seeking to align their activities closely with the UN Strategic Development Goals (SDGs) and Stephen Humphreys, CCO, Floras, which had devised an innovative loyalty scheme allowing consumers to claim points on their sustainable transactions.

From left: Dr Rachel Gavey, Director & ESG Advisor, Sustain:able, Mr Stephen Humphreys, CCO, Floras, Mr Rabih El Fadel, CEO & Co-founder, Zef Concepts Ltd & Phyla Earth Ltd, and Mr Sulaiman Alamro, MWAN

The discussions concluded with a Q&A session and the event ended with a networking reception.

ARAB-BRITISH CHAMBER OF COMMERCE | 35

A Year of Activities

Mr Mohamed Al Khadar Al Ahmed, CEO, Khalifa Economic Zones (KEZAD Group)

Dr Raja Al Gurg with Rt Hon Baroness Symons of Vernham Dean

From left: Gregory Baker, CEO & Founder, ESE Capital, Mr Mohamed Khelifi, Minister Plenipotentiary, Algerian Embassy, Miss Hajer Mohamed Ameen, Second Secretary, Embassy of Bahrain and Richard Williamson, COO, Considerate Group

From left (front): Mr Sekkat Younes, Mr Nasser Seddiqi, Mr Tarik Senhaji, and Mr Bandar Reda.

Back: Mr Marouan Abousif, Morocco 1st Secretary (Economic Affairs) and Mr Abdeslam El-Idrissi.

Mr Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC

36 | ARAB-BRITISH CHAMBER OF COMMERCE

A Year of Activities The Rt Hon Baroness Symons of Vernham Dean speaking, flanked by Dr Emad Abdulaziz Al-Thukair and Mr Bandar Reda.

H E Mr Hossam Heiba, President of the General Authority for Investment & Free Zones, speaking at the roundtable.

From left: Mr Tamar Mostafa Ali, Mr Hossam Heiba, Mr Abdeslam El Idrissi and Mr Bandar Reda.

H E Dr Fuad Hussein, Iraq Deputy Prime Minister and Minister of Foreign Affairs, at the ABCC.

Palestine’s Minister of National Economy, H E Mr Khaled Osaily (right) with Mr Abdeslam El-Idrissi and Mr Bandar Reda.

Meeting with H E Mr Mohammad Jaafar M Bakr Haidar Al Sadr, Ambassador of the Republic of Iraq, at the Iraq Embassy.

Meeting with Mr Khaled Jweda, Libyan Charge d’Affaires, and Libyan officials.

Meeting with H E Shaikh Fawaz bin Mohammed Al Khalifa, the Ambassador of the Kingdom of Bahrain, at the Bahrain Embassy.

H E Mr Abdulla bin Adel Fakhro, Bahrain Minister of Industry and Commerce.

ARAB-BRITISH CHAMBER OF COMMERCE | 37

ABCC Membership

ABCC welcomes

New Member Companies (Joining from mid-2023) MBS Global Investments Platinum

CSR Accreditation Gold

J A Visualisation

100 Jordan

Attache London Gold

Delancy Oilfield Supplies Ltd

HEMN AZAD SEDEEQ

Kadhims Limited

60Seconds Ltd Gold

Pashtwan Company General Trading & Construction Materials

Levari Law LLP Euroflow Automaton Limited Gold

Fragomen Platinum

Maya Shulz Art

KIGG Ltd Gold

Oxford University Arab Society

Eroga Die Co Ltd

38 | ARAB-BRITISH CHAMBER OF COMMERCE

MDS Healthcare Ltd Old House Group Zef Concepts & Phyla Earth Platinum Sustain:able Floras Morgan Stanley Alagat Audre International Limited Direct Trading Technologies Montenegro Properties Ltd Platinum

ARAB-BRITISH CHAMBER OF COMMERCE | ??

ARAB-BRITISH CHAMBER OF COMMERCE | 39

40 | ARAB-BRITISH CHAMBER OF COMMERCE

SPECIAL

OFFER

20% OFF Join us today and get 20% off all membership categories

VISIT OUR STAND TO FIND OUT MORE ARAB-BRITISH CHAMBER OF COMMERCE | 41

Platinum Member Participating in ABES 2023

The UAE’s Digital Transformation: A Revolution Worth Considering

By Ayman Al Awadhi Group Managing Director, The Corporate Group The United Arab Emirates is leading the Middle East in digital transformation. It is a success story built on robust infrastructure, government backing, and tech-savvy citizens.

For several years now, the UAE has stood at the frontline of the digital transformation movement in the Middle East. Bolstered by a robust infrastructure, unwavering government support, and a population keen on technology, the country has achieved remarkable success in digitizing numerous industries.

Innovation, Technology Adoption, and E-Commerce Models in the UAE:

A myriad of factors has propelled this digital transformation in the UAE. Among these are the visionary government, substantial private sector investments, and a rising consumer demand for digital services.

The UAE has assumed a pioneering role in the Middle East, particularly in technology adoption, with the government sector at the forefront of this transformation.

The UAE government has substantially invested in constructing a digital infrastructure that underpins the nation’s transformation journey.

These investments encompass highspeed internet connectivity, cloud services, and state-of-the-art data centers. Additionally, the government has actively fostered innovation and entrepreneurship, exemplified by initiatives such as the Dubai Future Accelerators.

This article examines the vital role of digital transformation within the UAE. In an ever-evolving technological landscape, businesses must hub and integrate digital solutions to maintain competitiveness.

Our focus will be on clarifying not only digital’s ceaseless growth but also the remarkable enhancements it continues to undergo. We will unveil the evolving digital revolution within the Emirates, shedding light on its ever-expanding horizons and the constant strides it takes towards improvement.

42 | ARAB-BRITISH CHAMBER OF COMMERCE

UAE Takes the Lead in Embracing Smart Technologies and Robotics.

Growing Adoption and Opportunities for Digital Consumers in the Middle East, especially UAE.

Dubai, in particular, is making swift and significant strides in embracing cuttingedge artificial intelligence and emerging technologies, aligning itself with the global trajectory of technological innovation.

On the other hand, the increasing relevance of e-commerce in various business markets brings advantages and convenience for all stakeholders involved. Notably, the UAE stands out for the rapid growth of e-commerce compared to many other nations.

In the global context of sustainable development, innovation, and e-commerce models play pivotal roles. They act as essential catalysts for technological advancements and innovation within the strategic framework of Dubai, where they are integral components of the city’s drive towards a paperless environment.

This analysis begins by immersing itself in the relevant literature on sustainable e-commerce and e-commerce models.

Furthermore, it identifies the most suitable paradigms for innovation and sustainability, ensuring the UAE’s successful development of technology and e-commerce. Subsequently, the focus shifts towards examining exemplary sustainable e-commerce practices implemented by various companies.

What Kind of Challenges Face the Adoption of E-Commerce by UAE Companies?

Enabling customers to purchase items and services online, paying with either cash or a credit card, is now a common practice for businesses of all sizes, big or small.

People are attracted to e-commerce because it’s easy to use, convenient, and lets them buy things from home. This makes e-commerce a profitable business.

Starting an e-commerce business in the UAE can be challenging, especially for foreigners.

The UAE is considered a promising place for e-commerce growth in the Gulf region. This is because the government has good infrastructure and educated people.

Platinum Member Participating in ABES 2023 There are essential factors to consider to run a successful online business that sells products and services in the UAE. Let’s look at some of the critical elements: Security Concerns: The challenge here is ensuring the safety of customer transactions and personal information.

Due to the region’s high level of hacking and viruses, companies need to invest in expensive security measures like antivirus software, secure e-management systems, and cloud services for backing up data in case of a security breach. These costs can be a barrier for small and medium-sized enterprises (SMEs) looking to start an e-commerce platform.

Payment Options: Many customers prefer paying when they receive their orders. However, this can disrupt the company’s cash flow since payments take time to reach the business.

Online payments are becoming more popular because they provide immediate cash to the company, allowing for smoother financial management.

Addressing security, payment methods, government regulations, and logistics issues is crucial for success in the e-commerce landscape.

Cybersecurity Insights in UAE: Safeguarding the Digital Realm for all kind of businesses: The UAE is significantly bolstering its cybersecurity initiatives. This includes establishing the UAE Cyber Security Council and adopting cybersecurity standards for government and nongovernment entities.

Four important pillars have been introduced under the updated Dubai Cyber Security Strategy. These pillars encompass the creation of a cybersecure society, the development of an innovation hub, the fortification of cyber resilience, and the promotion of collaborative efforts in the cybersecurity realm.

The inclusive goal is to create a secure digital environment, enhance Dubai and UAE’s digital infrastructure, and expedite the progress of digital transformation and innovative city projects.

Also, the law in UAE outlines a comprehensive set of regulations and penalties targeting individuals who engage in activities such as hacking, attacking, or tampering with government information systems and data using electronic platforms or information technology means. These actions also include spreading false information that could harm the UAE’s interests and security.

Government Regulations: UAE law requires all local businesses to have a physical presence to be legally recognized. This can be a challenge for SMEs planning to operate solely online.

Logistical Challenges: The UAE’s regulations, customs, and restrictions on e-commerce pose logistical and legal challenges for SMEs. While e-commerce offers excellent business potential, especially in the UAE, it also comes with challenges.

Additionally, the legislation covers various other cyber offenses, including the creation or alteration of automated programmes (robots) designed to disseminate deceptive information, the falsification of electronic documents, unauthorized intrusion into the private information of individuals, manipulation of medical records, unauthorized access to bank accounts, and tampering with confidential codes, among other violations.

Based on all the above, in the light of the escalating incidents of data breaches, hacking, and cybercrime, organizations are turning to cybersecurity specialists to detect potential threats and safeguard valuable data. Logically, the Cyber Security sector is projected to expand significantly amidst this digital transformation era.

ARAB-BRITISH CHAMBER OF COMMERCE | 43

Platinum Member Participating in ABES 2023

Continued from page 43 Digital Transformation in UAE in numbers and statistics: Expected 19.1% CAGR Growth: Digital Transformation Market to Reach $127.5 Billion by 2026 from $521.5 Billion in 2021.

In early 2023, the UAE had 9.38 million internet users, a remarkable 99.0 percent penetration rate, and 10.00 million social media users, exceeding the total population by 105 percent. These numbers highlighted the nation’s robust digital presence.

Here are some key statistics and numbers related to Digital Transformation in the UAE:

Empowering Entrepreneurs: The Corporate Group and Plennix’s Dynamic Event on Digital Evolution On October 25, 2023, an event formed within the technology and digital landscape empire was held in cooperation between The Corporate Group and our esteemed partner, Plennix. This event was scheduled to highlight our organization’s proactive approach to nurturing digital transformation and its ability to navigate the swiftly changing landscape. Additionally, its purpose was to shed light on how we enabled entrepreneurs to stay at the forefront of this transformative revolution.

Statistic Description

Value

Year

Global spending on digital transformation

US$2 trillion

By The End of 2023

Internet users in the UAE

9.38 million users

January 2023

Internet users in the UAE

9.94 million users

2022

Facebook users in the UAE

7.30 million users

January 2023

Facebook users in the UAE

11 081 300 users

January 2022

Online payment method in UAE

1/3rd chose mobile payments

2022

Online payment method in UAE

48 percent who preferred using card payments 23 percent using wallets

March 2023

Strategic Collaboration for Digital Transformation: Crafting Clear Objectives for Measurable Impact In the concept of how entities collaborate with this digital transformation, it is 44 | ARAB-BRITISH CHAMBER OF COMMERCE

crucial to understand how organizations can effectively work together clearly. One fundamental step in this collaboration is to define precise and well-articulated objectives. Before embarking on a digital transformation journey, organizations should meticulously outline their goals and objectives. This meticulous approach ensures that digital initiatives perfectly align with overarching business objectives. By doing so, organizations can ensure that their transformation efforts deliver tangible, measurable outcomes.

Adopting Digital Transformation: Choosing the Right Business Partner in the UAE Digital transformation has evolved from being a choice to an essential requirement for businesses in the UAE. As a result, we encourage entrepreneurs and startup companies to initiate their ventures by wisely selecting a reputable business provider.

The ideal business provider for your needs should possess extensive experience in the UAE market, boast a stellar reputation, such as Corporate Business Services, demonstrate profound expertise, and remain abreast of the latest technological and digital advancements.

It’s essential to partner with a provider who understands the local landscape and stays at the forefront of innovation in this rapidly evolving digital world.

It is time to expand your business in the UAE and launch a journey of exploration into innovation, expansion, and sustained prosperity.

Ayman Al Awadhi will be speaking at ABES2023. The Corporate Group is a Platinum member of the ABCC. http://www.thecorporategroup.ae/

Country in Focus

Mumtalakat Sovereign Wealth Fund of Bahrain

Introducing Mumtalakat, the Sovereign Wealth Fund (SWF) of the Kingdom of Bahrain, and its investment priorities.

Mumtalakat was established by Royal Decree in 2006 and is wholly owned by the Government of the Kingdom of Bahrain. It is a long term investor with an assertive ambition to pursue growth and development with the leadership teams of the assets we own. We envision a bright and profitable future with ideas and imagination that bring sustained superior performance.

The SWF seeks to maintain a portfolio of select assets, across local, regional and international markets, which over time will match investment performance with ambition.

Mumtalakat declares itself to be sector agnostic, partnering with businesses which share its ambition for long term sustainable growth and value creation.

A Diverse Portfolio of Assets Mumtalakat’s diverse portfolio comprises Strategic Investments, Global Asset Management, Local Impact Investments, and Government Holdings.

On its inception in 2006, the SWF has inherited 29 non-oil and gas assets from Bahrain’s Ministry of Finance and National Economy with a mandate to manage and grow a portfolio both strategically and commercially.

These assets included industrial giant, Aluminium Bahrain (Alba), national airline, Gulf Air, real estate investment arm, Edamah, leading telecommunications and digital solutions provider, Batelco, Bahrain’s first locally owned bank, National Bank of Bahrain (NBB), and the host to the first Grand Prix in the Middle East, the Bahrain International Circuit (BIC).

The current portfolio includes investments in sectors such as financial services, real estate & tourism, industrials, education, aviation, telecommunications, media & technology and automotive, among others, in different locations.

Strategic Investments Mumtalakat’s Strategic Investments team oversees a portfolio of Bahrain-based strategic investments and international direct investments, creating value and generating superior, sustainable financial returns through strong partnerships and active management of our portfolio companies.

Global Asset Management Its Global Asset Management manages a global portfolio with the objective of generating sustainable financial returns through a welldiversified investment framework. Our asset classes include Equities, Fixed Income, Real Assets, Hedge Funds and Private Markets.

Local Impact Investments Mumtalakat’s Local Impact Investments invest in and for the Kingdom of Bahrain to grow and transform industries in the country by maintaining a competitive advantage through the introduction of international best value creation and management practice.

Government Holdings The Government Holdings portfolio comprises government-run assets of national strategic importance to the Kingdom of Bahrain. Held by Mumtalakat, these companies are operated by the relevant government bodies with whom we collaborate closely.

Investing in the UK Recent Announcements In July 2023, it was announced that Mumtalakat and Investcorp, a leading global alternative investment firm with an established presence in the UK and Bahrain, were in discussions with a view

to establishing a joint platform dedicated to investing in and the management of UK student housing assets.

The announcement came as part of a series of initiatives led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, who was on an official visit to the United Kingdom, to strengthen business ties between the UK and Bahrain.

Under this potential initiative, Mumtalakat and Investcorp would be looking to jointly own a student housing-focused operating platform created by Investcorp.

The platform, which manages the refurbishment and leasing of Investcorp’s Houses in Multiple Occupation (HMO) assets in the UK and helps with their acquisition and underwriting, manages a portfolio of approximately 1,200 beds across Nottingham, Bristol, Exeter and Leeds.

In the context of growing demand for housing from both domestic and international students in the UK, the platform’s ambition is to acquire an additional 700-1,000 beds annually over the next few years, eventually growing into one of the largest operators of HMO student housing in the UK. On this development, H E Shaikh Abdulla bin Khalifa Al Khalifa, CEO of Mumtalakat, commented: “We continue to explore investment opportunities that will add value and grow our portfolio through strategic partnerships. By joining hands with Investcorp, we believe that we would be able to further establish a best-inclass investment platform that focuses on fulfilling the increasing demand in the UK for student housing.”

Contact Mumtalakat contactus@mumtalakat.bh https://www.mumtalakat.bh ARAB-BRITISH CHAMBER OF COMMERCE | 45

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ECONOMIC FOCUS

ISSUE 1 NEW SERIES | July 2023

MAGAZNE OF THE ARAB BRITISH CHAMBER OF COMMERCE

Sustaining an Emerging Vision

dedicated to promoting bilateral trade and investment between Britain and the Arab countries.

The main aim of the publications is to foster closer relations between Britain and the Arab World, which equally embraces all the Arab states, a unique selling point, although the larger economies in the Gulf and elsewhere inevitably receive more attention.

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£1 IRD 00 R in EG st ea IST d of ER £2 NO 00 W

20th November 2023

ECONOMIC FOCUS

ISSN: 1751-4339

ECONOMIC FOCUS

ISSUE 2 | November 2023

MAGAZINE OF THE ARAB BRITISH CHAMBER OF COMMERCE

The extensive international distribution network of the publications, via its combined online presence and printed edition, ensures that your company’s message will reach a broad spectrum of influencers and decision-makers who share your interests in doing business in the MENA region.

ACT NOW! To ensure you are seen in the next issue of Economic Focus.

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Your guaranteed road Surrounding the uncertainty of Brexit, the Arab-British

The Arab-British Certificate of Origin remains the only certain, Certificate of Origin remains the certain method to trade secure and reliable means of export documentation for companies with thewith Arab ThereThere will be nobeen changes to theto the trading theworld.

Arab world. have no changes certificate,and, andlikewise, the ABCC’s services will no certificate, the ABCC’s range of suffer trade services remain interruption irrespective of Brexit’s outcome. entirely unaltered in the post-Brexit trading environment.

We remain available to support your your We at atthe theABCC ABCC remain available to support exporting business needs. exportingand andwider wider business needs.

www.abcc.org.uk www.abcc.org.uk

Quarterly Economic Survey

50 | ARAB-BRITISH CHAMBER OF COMMERCE

Quarterly Economic Survey

ARAB-BRITISH CHAMBER OF COMMERCE | 51

Quarterly Economic Survey

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

52 | ARAB-BRITISH CHAMBER OF COMMERCE

Strathclyde Business School UAE: The Importance of Executive Development and Internationalisation Author: Dr Phil Considine, Director Strathclyde Executive Education and Development at Strathclyde Business School The MENA region is growing at an exceptional rate both in terms of influence and impact. Whilst this is great news for the region it is happening in a context of unprecedented complexity – with fluctuating oil process, high interest rates and uncertainty in the global economy. Add to this mix climate change, geopolitical problems in Europe and the extraordinary rise of AI and it becomes essential that educating our executives keeps pace with the changing needs of organisations and the broader economy.

In the UAE, education has always been a priority and business education, whilst always seen as important, is gaining even more significance as organisations and government continue to develop an environment that fosters economic growth that is inclusive and sustainable. The UAE has a dynamic economy, and business education has a vital role in enabling the economy reach its full potential.

Strathclyde Business School in UAE, stays true to its founders mission in Scotland in 1796 to be ‘a place of useful learning’.

We develop leaders who are equipped in finding solutions to complex issues and to act as an agent of social change.

Strathclyde has continued to adapt and innovate with its unique combination of international reach, innovative curriculum, and prestigious accreditations ensuring that we remain relevant and effective. The Executive MBA programme at Strathclyde Business School in UAE stands as a prime

example of how business education is evolving to confront the complex challenges that companies face in today’s dynamic and ever-changing landscape.

My role involves overseeing all of our international provision, and our success in delivery is premised on our Think Global Act Local approach - developing executive education programmes that take a systems wide perspective and translating that into locally relevant strategies and activities.

We apply a wide range of options to ensure our content is locally appropriate to the countries and markets where we operate. In the UAE we do this at a strategic level via our advisory board, and at a student experience level through our Global Practitioner Programme.

The Middle East Advisory Board plays a crucial role in shaping the direction of Strathclyde’s programmes and curriculum – this group of senior alumni, entrepreneurs, business and policy leaders who operate at this highest levels in the region challenge our thinking and drive innovation in our programmes.

At Strathclyde we have developed our Global Practitioner Programme, where experienced professionals, industry experts, and business leaders who possess extensive practical knowledge and insights work with put students to ensure their application of learning is aligned to the

Dr Phil Considine needs of their organisations and the wider UAE priorities. These individuals play a significant role in enhancing the educational experience by bringing real-world perspectives, current industry trends, and practical application of business concepts into the academic setting.

With a diverse cohort of participants from around the world, the University encourages cross-cultural interactions and international collaboration. This exposure enables participants to develop a nuanced understanding of diverse markets, regulatory frameworks, and consumer behaviours. Such a global outlook is essential for effective decision-making in an interconnected business world.

To enhance the experience we also ensure our graduates continue their professional development and offer additional elective classes for free after graduation, so the continuous education of executives is a lived experience.

ARAB-BRITISH CHAMBER OF COMMERCE | 53

Due out this Autumn Available Now Is this a secret too dangerous to ever see the light of day?

Deftly weaving real life stories of some of the most colourful figures from the time of World War II Paris with an ingenious art thriller plot that brings the narrative up to the high octane auction houses of today. In the Frame is a page-turning adventure that is at once historically fascinating and dramatically compelling. What were the links between Hermann Göring and Coco Chanel? What became of the Nazi’s hidden art plunders once they had been defeated? And what dark secrets must a new generation confront to get to the ingenious truth behind the iconic artworks we see in our galleries today?

This passionate celebration of art history’s intrigues, conjured from fact and fiction, is an adventure to delight and entertain.

To secure a copy of the book, contact the author by email at: lorraineamrani@gmail.com For more visit: lorraineamrani.com

Investment

Pioneering the Future:

TKS Investment Launches in Dubai with Visionary Leadership from Mr. Morten Tønnesen In a groundbreaking move set to reshape the landscape of Energy, AI, and Green Technology, TKS Investment has officially unveiled its presence in Dubai. With the resounding slogan “Think Smart, Think Science,” TKS Investment is poised to lead the charge in transforming the Energy, Maritime, Finance and Public sectors across the Middle East, Africa, and Asia, under the astute guidance of its CEO and Chairman, Mr. Morten Tønnesen.

Mr. Morten Tønnesen

A Fusion of Passion, Experience, and Cutting-Edge Solutions Mr. Morten Tønnesen, is a visionary leader with over 30 years of experience in the energy, maritime, and IT sectors. His unrelenting passion and expertise have been instrumental in driving market growth, technology commercialisation, and strategic planning for his clients and partners.

As the CEO of TKS Investment FZ LLC, Mr. Tønnesen has positioned the company as a value-added reseller and local service partner for Norwegian, Malaysian and Australian IT, AI, and green tech companies in the Middle East, Africa, and Asia. Additionally, he serves as the Managing Director and Senior Business Development Consultant of Tønnesen Consulting, a consultancy and cost transformation service provider, extending his influence on diverse industries.

Mr. Tønnesen’s core competencies encompass sales and marketing execution and leadership, cross-cultural team leadership, communications, public

speaking, and a dedication to sales excellence in practice. He boasts a proven track record of delivering successful outcomes for clients and partners, including securing large contracts, increasing user retention, facilitating technology adoption, and enabling innovation.

Howells, charts a path to the future of Electric Vehicle technologies and sustainable energy, positioning them as a transformative force in the industry.

His mission is clear - to help clients and partners achieve their goals and transform their businesses with smart and sustainable solutions. His motto, “Think smart, think science.” resonates throughout TKS Investment, encapsulating their commitment to pioneering innovation and groundbreaking solutions.

Jaya Anand, heads TKS Academy & Services, offering a comprehensive approach to the academy, committed to equipping the future generation of EV technicians, technologists and consultants with necessary tools and resources, the academy will play a pivotal role in championing and ensuring the maintenance and serviceability of tomorrow’s Electrical Vehicle technology, the academy will also be a dynamic hub for empowering individuals with a diverse range of business management and leadership courses to the ever evolving business landscape.

A Triumph of Innovation and Proven Solutions

Under the visionary leadership of Mr. Morten Tønnesen, TKS Investment is the epicenter of innovation, resonating with the echoes of Norwegian, Australian, and Malaysian ingenuity. At its core, the company aims to support the evolution of Smart Cities and drive the Green Shift in Energy sectors across the Middle East, Africa, India, and South East Asia.

TKS Investment comprises three dynamic wings, each guided by visionaries in their respective fields:

TKS Innovations: Pioneering Smart AI Under Mr. Tønnesen’s leadership, TKS Innovations is the hub of cutting-edge Artificial Intelligence, crafting intelligent solutions that revolutionise industries.

TKS Integrated Technologies: Leading EV Technologies and Sustainable Energy TKS Integrated Technologies, under the astute guidance of Dr. Chris

TKS Academy & Services: Shaping the Future of Electric Mobility

In the grand tapestry of technological innovation and sustainable solutions, TKS Investment, under the leadership of Mr. Morten Tønnesen, stands as a beacon of hope and progress. With Dubai as its launchpad, the company is set to be a catalyst for change, ushering in a future where smart thinking and the power of science converge to create a sustainable and thriving world.

Think smart, think science – with TKS Investment, the future has never looked brighter.

For further information about TKS Investment Telephone: +971 44215888 info@tks-investment.com www.tks-investment.com ARAB-BRITISH CHAMBER OF COMMERCE | 55

Platinum Member Participating in ABES 2023

Fostering Resilience for a Brighter Future HSA Group, Longulf, IES and Sheba Coffee HSA Group: Charting a Course for Resilient Growth and Lasting Sustainability in Global Communities In an era of profound global challenges – from climate disruptions and political volatility to economic uncertainty – private enterprise stands at the front lines of fostering resilience for a brighter future.

HSA Group is fully committed to this cause, embodying a robust sense of responsibility to enact meaningful change.

From our inception in 1938, we have been committed to the ethos of “doing well by doing good,” a principle laid down by our visionary founders. This guiding philosophy continues to shape our interactions with society, fuelling our ambition to have a transformative impact – both socially and economically – wherever we operate.

In our 85-year legacy, we have taken proactive measures to safeguard the welfare of the communities we serve.

We not only adapt to the specific needs of these communities but also seize opportunities for innovation across our diverse portfolio of companies. This purpose-driven innovation strategy ensures that we are not just futureproofing our business but are also laying the foundation for a sustainable and prosperous future for the next generation.

The urgent call for sustainable practices has never been clearer, particularly given the recent challenges faced in our home market of Yemen. Climate change imperils communities and livelihoods, antiquated industries are facing extinction, and disruptions in global supply chains are sending shockwaves throughout the international system.

This has intensified our resolve to fortify our operations globally, keeping sustainability and long-term growth at the forefront of our priorities.

We take immense pride in supporting our subsidiaries—Longulf Trading Ltd. (UK), Innovative Efficient Solutions (IES), and Sheba Coffee (UK) – as they unveil their remarkable contributions to global sustainability at the Arab-British Chamber of Commerce’s Economic Summit, ABES 2023. These companies are playing a vital role in achieving the United Nations’ Sustainable Development Goals. Moreover, at a corporate level of the HSA Group, we are actively engaging with a multitude of stakeholders, from governmental bodies and private enterprises to non56 | ARAB-BRITISH CHAMBER OF COMMERCE

profit organisations, at prestigious global platforms such as the upcoming COP28 in the UAE. The path ahead is filled with both challenges and opportunities, but our enduring entrepreneurial spirit and steadfast commitment to sustainable development equip us well for the journey. We invite you to join us as we continue to push the boundaries of what is possible, ensuring that the promise of sustainable growth and community well-being is not just an aspiration, but a tangible reality.

IES: Leading the Way in Sustainable Development Although a newly established entity, and as the name states, IES is dedicated to Innovative Efficient Solutions for the commercial and industrial sector.

Sustainability is at the core of IES’s mission.

The company supports the HSA Group’s commercial and industrial partners by reducing their energy consumption, investing in clean power generation while effectively and efficiently managing their water usage. Our extensive work in this area seeks to protect the environment while simultaneously driving economic growth and fostering innovation.

We recognise the importance of the private sector in taking a leading role in the transition to sustainable business practices. Implementing renewable energy infrastructure in the commercial and industrial setting is key and forms a core part of our business.

The impact of climate change is experienced everywhere. Geographies with limited or compromised infrastructure feel this the most but that is not to say it is not causing havoc around the world. As a group, we are particularly pleased to continue our programme of investment in renewable energy adaptation in both developing regions such as our home country of Yemen, as well as in more developed countries and regions such as the United Kingdom.

In its short history, IES has already achieved significant milestones, including: • One of the largest Hybrid Solar Roof-top Project in an industrial complex within Kenya (Nairobi) • One of the top ten largest on-grid Industrial Solar roof-top projects within the UK (Rotherham)

• Several solar-water-pump projects within Yemen, increasing sustainable and reliable drinkable water in one of the most water-scarce countries in the world.

- The introduction and installation of several Waste-Heat Recovery systems to industries which would have otherwise overlooked such technologies For a comprehensive overview of IES’s activities and contributions to sustainable development, please visit our website.

Securing the Future of Yemen’s Coffee Industry with Sheba Coffee and Oritain Yemen’s coffee industry, renowned for its ancient coffee cultivation techniques and unique flavours, has faced numerous challenges over the years but more so in recent times, including political instability, environmental issues and the threats posed by counterfeit products.

Solutions exist to help tackle these problems and we strive in bringing these solutions to the table. One such example is the counterfeiting of Yemen’s coffee. Yemen exports more coffee than it grows. Other origins are finding their way into the supply chain and are being passed off as original Yemeni coffee which normally commands a much higher value. Our partnership with Oritain will go a long way in helping to ensure the preservation and prosperity of Yemen’s treasured coffee heritage.

Recognising the urgency to safeguard the authenticity and quality of the Yemeni crop, Sheba Coffee has joined forces with Oritain, a global leader in scientifically verifying the origin of products using isotope testing.

Confirming with certainty the region in which the crop was grown. This collaboration will mark a significant turning point for Yemen’s coffee industry, as it aims to establish an innovative, sustainable solution to ensure the traceability and credibility of Yemeni coffee in the global market.

Oritain’s pioneering scientific technology plays a crucial role in this partnership. By utilising advanced forensic methods, Oritain could create a unique fingerprint that accurately identifies the geographical origin of Yemeni coffee beans. This fingerprinting process not only ensures the authentication of the product but also acts as a powerful deterrent to counterfeiters. The cornerstone of this joint initiative is the meticulous mapping of Yemen’s diverse coffee regions,

Platinum Member Participating in ABES 2023 a crucial first step toward enhancing plant security and ensuring the integrity of the coffee supply chain. Despite the challenging circumstances posed by the ongoing conflict and the high elevation and remote locations of many coffee producers, Sheba’s dedicated and trained team is committed to collecting numerous samples from the 15 coffee-producing governates throughout the next three harvests.

Once collected, these samples undergo rigorous analysis at Oritain’s state-ofthe-art laboratory. Oritain’s proprietary methodology, known as isotope ratio mass spectrometry, enables the creation of a robust and reliable reference database. This database not only ensures complete transparency in the audit trail but also serves as a powerful tool in resolving any potential commercial disputes that may arise. The resulting data will play a pivotal role in fortifying the authenticity and traceability of Yemeni coffee, thereby safeguarding the interests of farmers and exporters alike.

The implementation of this comprehensive verification system marks a significant milestone in the efforts to restore the credibility and market value of Yemeni coffee globally. By bolstering the authentication of Yemeni coffee and establishing a stringent quality control mechanism, Sheba Coffee’s ambitious project will not only protect the interests of local farmers but will also contribute to the overall growth and sustainability of Yemen’s coffee industry.

Furthermore, this initiative is expected to serve as a catalyst for positive change, encouraging other stakeholders within the Yemeni coffee industry to prioritise similar measures aimed at enhancing transparency, fostering fairer trade practices, and elevating the overall standards of the industry.

By setting a precedent for ethical and transparent trade, Sheba Coffee and Oritain are paving the way for a more secure and prosperous future for Yemen’s coffee farmers and exporters.

Longulf: Four Decades of Leading Global Commerce Aligned with HSA Group’s Business Interests Incepted in the financial hub of London in 1977, Longulf has been a trailblazer in global trade for over 40 years. We have built an illustrious track record rooted in innovative approaches and unparalleled excellence. Our core expertise lies in delivering vital raw materials, innovative packaging solutions, innovative processing equipment, and indispensable spare parts. These offerings are thoroughly aligned with the

manufacturing sector, thereby dovetailing seamlessly with HSA Group’s diversified business portfolio aimed at sustained growth and operational efficiency.

Aligned with Your Aspirations for Global Leadership

Longulf’s global footprint is in a strategic alignment with HSA Group’s multiregional operations and Objectives.

With a diversified network of offices strategically located in Europe, Asia, the Middle East, and Africa, Longulf excels at delivering a holistic global sourcing portfolio that complements the diverse industries we operate in. Our skilled professionals act as the linchpin between the varying demands of our customer base and supply partners. Aligned with HSA Group’s corporate strategy for multi-regional growth and operational optimization, Longulf serves as an invaluable trading partner. Whether you are an emerging enterprise aiming for market penetration or an established industry leader looking to enhance your supply chain efficiency, Longulf offers bespoke trading solutions designed to propel your business to greater heights.

HSA Group’s Unwavering Devotion to Impactful Sustainability and Holistic Development As part of our overarching strategy for sustainable development, HSA Group consistently places a premium on longterm investment in groundbreaking innovations across our diverse portfolio of companies. This targeted approach aims to substantially elevate the quality of life for the communities we serve daily.

Longulf is more than a supplier, we are a comprehensive partner which provides tailor-made solutions specifically designed to meet your unique requirements. Whether it’s through the management of yield-enhancing initiatives, reducing environmental impact, or competitive bidding for intricate infrastructure developments, we are finely attuned to our clients’ needs for agile and sustainable results.

Accredited by ISO standards, Longulf extends beyond its traditional trading role to offer an array of value-added services, such as logistics, insurance, and trade financing options. Consistent with HSA Group’s approach to comprehensive partnership and market leadership, Longulf is not just a vendor; we are an end-to-end partner committed to transforming your strategic objectives into competitive market advantages.

Longulf’s Promise of Partnership: Your Key to Global Competitive Advantage

Longulf.com

From our inception in 1938, we have been steadfast in our commitment to delivering unparalleled well-being and joy to the communities that interact with us. We achieve this by courageously advocating for an impact-oriented strategy focused on three critical pillars: human empowerment, environmental stewardship, and the promotion of broad-based prosperity. This multifaceted approach informs our pathway toward an increasingly sustainable and equitable future for all.

Our commitment extends far beyond mere financial metrics and into the realms of cultural, social, and environmental capital. Whether it involves preserving Yemen’s rich cultural heritage, mitigating our environmental footprint, or optimising intricate global supply chains, we continually strive for innovation and ceaseless enhancement in all aspects of our operational and product landscape. Our guiding principles hinge upon delivering an enduringly positive socio-economic impact, while conscientiously addressing the nuanced requirements of the diverse global communities we are privileged to serve.

Longulf Trading Ltd (UK) is a Platinum member of the ABCC and will be participating in ABES2023 along with Innovative Efficient Solutions (IES) and Sheba Coffee (UK), all subsidiaries of HSA Group.

ARAB-BRITISH CHAMBER OF COMMERCE | 57

Investing in Qatar

Qatar – Gateway to a wealth of opportunities

Qatar’s commitment to actively pursuing an economic diversification agenda has created many lucrative opportunities for shrewd investors. This Deal Book produced by Invest Qatar, the country’s investment promotion agency, highlights the key sectors ready for investment and the incentives and support available to help you begin your investment journey.

Key sectors in Qatar to explore Agriculture Qatar’s agricultural sector has expanded in recent years due to increased food demand as a result of rapid population growth and government-backed initiatives, which aim to enhance food security in the country. Such factors have contributed to the expansion of the agricultural sector, which has witnessed remarkable developments, such as the introduction of the Public Private Partnership (PPP) law, onestop-shop distribution channels, and financial support to further encourage local production. Despite Qatar’s dry climate, the country has been extensively adopting and utilising sustainable and smart technologies, including automated irrigation systems, hydroponics, and aquaponics, to enhance the quality and quantity of fruit and vegetables.

Education As one of the key pillars of Qatar National Vision 2030, development of the education sector has been at the core of Qatar’s efforts over the past few years.

Significant strides were made, and many extensive reforms were implemented, with a goal of establishing a world-class education system that offers exceptional opportunities for quality education and training. Such initiatives aimed at promoting a culture of educational excellence reflect Qatar’s determination to create a knowledge-based economy.

Energy The energy sector is central to Qatar’s export economy. The state is and will continue to be the world’s largest

58 | ARAB-BRITISH CHAMBER OF COMMERCE

exporter of Liquified Natural Gas (LNG) with its unrivalled expansion. This is supported by its world-class industrial cities that not only encompass a fullservice port, but also a residential community with an array of facilities. Such factors have contributed to increasing investments in the sector and are attracting several multi-national energy corporations.

Financial Services The financial services sector is one of the major contributors to Qatar’s economy, ranked second after the hydro-carbon industry. This reflects the prominence of the sector in shaping Qatar’s economy as one of the world’s most stable, resilient, and competitive economies.

With continuous economic growth, the demand for financial service grows accordingly, supporting the country’s position as a financial hub in the region. Home to a world-class climate for business and investment, Qatar offers government-backed incentives, including but not restricted to, zero tax on personal income, tax holidays, and Foreign Direct Investment capital incentives.

Healthcare and Life Sciences The healthcare sector in Qatar ranks the first in the Arab world, with the sector expected to gain prominence as medical tourism is set to be one of the major drivers of the country’s economic diversification strategy.

Consequently, the healthcare industry has experienced unprecedent levels of growth and is estimated to reach $12 billion by 2024. Furthermore, the growth of investment in the sector aligns

with the human development pillar of Qatar National Vision 2030, expressing Qatar’s ambition to develop a healthy population, both physically and mentally.

This was accompanied by developing and upgrading the existing healthcare services with investments in state-of-theart healthcare infrastructure, facilities and technologies.

Logistics and Transport Qatar is home to the world’s leading international air cargo carrier (Qatar Airways Cargo), the ‘World’s Best Airline’ (Qatar Airways), the ‘2nd Best Airport in the World’ (Hamad International Airport) and the region’s 8th largest port (Hamad Port), all contributing to the very geostrategic location Qatar holds- a country at the inflection point – between East and West, between Africa, Asia and Europe.

Qatar’s significant investment in the sector is reflected by the size of the transportation market, which is valued at around $9.9 billion, and the momentous journey of transformation that has managed to place Qatar as the region’s second best country for efficient logistics services.

Manufacturing Qatar’s manufacturing sector is a major driving force in Qatar’s economic diversification, backed by Qatar National Vision 2030 (QNV 2030), which aims to develop an economy that is less dependent on hydrocarbons. With that in mind, the Qatar National Manufacturing Strategy focuses on establishing advanced manufacturing value chains with the aim of transforming Qatar into

Investing in Qatar

a major hub for production. With Qatar’s high-calibre talent pool, unparalleled market access and connectivity, and the state-of-the-art free zones, Qatar is emerging as a global manufacturing destination.

Media Sector Media is rapidly developing in Qatar with state support for large broadcasting projects and its hosting of some of the region’s biggest and well known media and telecommunications businesses.

Qatar’s connectivity to the world, easy access to a talent pool from world class universities, diverse population and languages, and an internet penetration higher than the global average, is evidence of the factors that are helping rapidly build its media sector.

Professional Services The professional services sector has experienced significant growth due to increasing local economic activity and Qatar’s expanding global presence, contributing $6 billion to its economy in 2022. The professional services sector is an emerging sector due to the rapid expansion of other industries and domains that utilise professional services in their operations, including legal, consulting, accounting, advertising, and IT. The sector is further experiencing a demand surge because of a significant growth in the legal sector since 2017, driven by the increased need for cross-border regulatory expertise. Despite the challenges the sector faces worldwide, the professional services sector in Qatar remains lucrative due to the country’s appealing and sustainable workforce.

Real Estate Qatar’s real estate sector is driven by a number of factors, including high GDP growth and influx of population, accompanied by employment opportunities and favourable government policies that contribute to the growth of the real estate sector in the country. The potential of the market has been further expanded following the investment in construction projects worth $250bn and the Council of Ministers’ Decision No. 28 of 2020 on the conditions, controls, benefits, and procedures for ownership and use of real estate in the country.

Through this decision, the Qatari government introduced unprecedented new property ownership reforms that provide non-Qataris with the eligibility to own property and invest in the real estate sector for the first time.

Residents investing a minimum of $1million in real estate are granted permanent residency, which provides benefits such as free health care, education/tuition, and the ability to invest in certain commercial activities.

Residents investing a minimum of $200,000 are granted a 5-year renewable residency permit. Such government policies have been enacted in order to grow and strengthen Qatar’s economic development and develop the real estate sector.

Sports Qatar’s sport sector has seen incredibly rapid growth as the country hosted the 2022 FIFA World Cup. Qatar is the only country to have a public holiday dedicated to sports (the National Sports Day), which is celebrated every year on the second Tuesday of February. Further to this initiative, Qatar has established the first sports business district in the region, with aims to create and scope out business opportunities for the private sector and attract foreign investors to leverage Qatar’s position as an emerging international sports business hub.

Technology Qatar offers a huge opportunity for investment in the technology sector.

The Smart Qatar Programme (TASMU) is designed to harness the power of technology and innovation turning Qatar into a smart country and opening up new opportunities for the private sector. Qatar is also working hand in hand with multinational companies, such as Microsoft and Google, to

accelerate its digital transformation and upscale the technology ecosystem.

Qatar is the first country to deploy 5G, with a 99.7% world record of internet penetration, reflecting the great strides the country has undertaken as a frontrunner in global digitalisation initiatives.

Tourism Tourism has been identified as one of five priority sectors integral to diversifying Qatar’s economy. Qatar is one of the world’s most welcoming countries for visitors. Nationalities from 100 countries can enter visafree, and all others can apply for an e-visa using the Hayya platform online.

Hosting around 80 sporting events and world-class competitions annually, the country has made history as the first Middle Eastern country to host the World Championships in Athletics (2019), World Corporate Games (2019), FIFA World Cup Qatar (2022) and the FINA World Swimming Championships (2023). This rich track record in hosting international events is part of a comprehensive plan to transform Qatar into one of the world’s leading tourism destinations.

Further Details Qatar Tenders Service Investors can find details of public sector tenders at the link below: https://www.invest.qa/en/how-wehelp/about-invest-qatar-gateway Some Useful Resources https://www.invest.qa/en/resources Support and advice from Invest Qatar https://www.invest.qa/en/how-wehelp Looking to start or grow your business in Qatar?

The Invest Qatar Gateway allows UK firms to connect with companies in Qatar, find potential partners, and find the latest business opportunities in the country. https://www.invest.qa/en/how-wehelp/about-invest-qatar-gateway

ARAB-BRITISH CHAMBER OF COMMERCE | 59

Investing in Digital

Dubai Chamber has published a new guide for entrepreneurs explaining how to set up business in the Emirate’s digital economy.

Embarking on the journey of setting up a startup demands more than just ambition; it requires comprehensive understanding of a local business ecosystem, familiarity with legal and regulatory frameworks, and an awareness of sectors and the wider economic landscape of a city.

With its innovative spirit, business friendly and flexible regulatory environment, and flourishing economy, the Emirate of Dubai has captured the attention of entrepreneurs and investors from around the world, drawing them to its shores.

As enticing as the prospects may be, establishing a business in Dubai is not without its challenges. The intricacies of

60 | ARAB-BRITISH CHAMBER OF COMMERCE

local laws, administrative procedures and navigating between different sources of information, particularly in new age sectors, can often confound even the most seasoned entrepreneurs. The city’s constant evolution, with its range of jurisdictions in which to operate, can make it difficult to keep up and find the right blueprint.

In recognition of these challenges Dubai Chamber of Digital Economy has now published a comprehensive guide for startups aimed at simplifying the process of setting up a business.

The new guide stands as a testament to the city’s commitment to fostering a business friendly environment and empowering entrepreneurs with the

insights they need to unlock the vast potential that Dubai has to offer.

The UAE has outlined an ambitious strategy to double the contribution of the digital economy to the national GDP to 19.4% within the coming decade and achieve a value of US$ 140 billion by 2031. Dubai Chamber of Digital Economy aims to support these objectives by empowering aspiring entrepreneurs with the insights they need to unlock the vast potential of the emirate’s digital economy.

The guide is available to download free of charge and has been developed based on in-depth research and business feedback, which highlighted the need for a convenient reference tool to assist

Investing in Digital

ambitious innovators who wish to become part of Dubai’s success story.

Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, commented: “The launch of this informative guide supports our ongoing efforts to attract and assist entrepreneurs in the digital industries to set up in Dubai, in line with the chamber’s drive to achieve the goals of the Dubai Economic Agenda (D33).”

Al Gergawi added: “Ambition alone is not enough to establish a startup – it requires a thorough understanding of the local business ecosystem, legal and regulatory frameworks, and wider economic landscape. The release of this guide represents an advanced step in our journey to help entrepreneurs from across the globe successfully set up their businesses and leverage the exciting opportunities emerging in Dubai’s digital economy.”

The guide starts with a section that highlights interesting facts and statistics on Dubai’s vibrant economy, future strategies, diverse talent pool, and fastest-growing sectors, before diving into useful information about key ecosystem enablers, including accelerators and incubators.

This section is followed by a visual guide to major investors covering pre-seed to growth stages.

The publication also takes entrepreneurs through the process of how to open a business account in the emirate and features a handy list of startup-friendly local banks.

Key Digital Sectors The guide concludes with a series of comprehensive one-page set-up guides for key sectors of the digital economy, including Fintech, Digital Assets, Metaverse & Web3, AI, Cybersecurity, Software & SAAS, Healthtech, 3D printing, and Edtech. These feature step-by-step setup guides; sector-specific accelerators, incubators, and sandboxes; regulations entrepreneurs should be aware of; and a list of relevant conferences and events.

Dubai Chamber of Digital Economy has

committed itself to building the economy of the future and supporting the emirate’s dynamic startup ecosystem. The chamber is working to create the world’s most advanced digital infrastructure, enhance the contribution of the digital industries to the national economy, and attract business, talent, and investors to Dubai.

Company Setup Options The guide explains the three company setup options available when setting up a business in Dubai: Mainland companies are incorporated onshore entities, licensed by the Department of Economic Development (DED). You are free to incorporate a mainland company anywhere in the UAE and can conduct businesses within and outside the local market.

Free zone companies are entities incorporated within special economic zones that are self-regulated by the managing authorities. Free zone entities can only conduct business and trade with the local UAE market with the assistance of a local service agent. Unlike mainland companies, free zone entities can only conduct business and trade with the local UAE market with the assistance of a local service agent.

Offshore companies in the UAE are entities that operates outside of its country of origin. Companies choose to establish an offshore setup to take advantage of Dubai’s numerous business incentives including the exemption from taxes. They are often used for investments, financial transactions, and asset protection.

Diverse Range of Free Zones The guide contains a section dedicated to the diverse range of free zones in Dubai, which includes a map of the 28 tax-free business zones, a brief outline of the various business structures available, and an explanation of different visa types.

Many of the free zones are tech focused.

Dubai Academic City Dubai Airport Free Zone Dubai Biotechnology & Research Park (DUBIOTECH) Dubai Car and Automotive City Free Zone (DUCAMZ)

Dubai Design District Dubai Gold and Diamond Park Dubai Healthcare City Dubai Industrial City (DIC) Dubai International Financial Centre (DIFC) Dubai Internet City (DIC) Dubai Knowledge Village Dubai Logistics City Dubai Media City Dubai Outsource City Dubai Silicon Oasis (DSO) Dubai Technology Entrepreneur Campus (DTEC) Meydan Freezone Dubai Multi Commodities Centre (DMCC) Dubai South Dubai Studio City Dubai Techno Park International Free Zone Authority (IFZA) International Media Production Zone Jebel Ali Free Zone Dubai Science Park Dubai World Trade Centre (DWTC) Dubai CommerCity.

About Dubai Chamber of Digital Economy Dubai Chamber of Digital Economy launched the guide at Expand North Star, an international gathering for the global tech community connecting venture capitalists with unicorns, scaleups, and startups hosted in Dubai on 15-18 October. Through these initiatives Dubai is strengthening its position as a leading centre for global digital capital.

Dubai Chamber of Digital Economy, which is one of three chambers operating under the umbrella of Dubai Chambers, aims to strengthen Dubai’s position as a global leader in digital economy, capitalising on new opportunities emerging from increased digitalisation and the expansion of Fourth Industrial Revolution technology across all sectors of business.

Building Your Business in a Dynamic City: The Entrepreneur’s Guide to Business Setup in Dubai can be downloaded from the following link: www.dubaichamberdigital.com/ wp-content/uploads/2023/10/theentrepreneurs-guide-2023.pdf

ARAB-BRITISH CHAMBER OF COMMERCE | 61

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.

See online for TRANSLATION CONTACT FORM https://abcc.org.uk/translation-services/

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PROPERTY FOR SALE

CONTACT US

Hertford Street, Mayfair, London W1J Asking Price £25,795,000 South Audley Street, Mayfair, London W1K Asking Price £12,750,000 Park Mansions, Knightsbridge, London SW1X Asking Price £3,495,000 Fursecroft Court, Marylebone, London W1 Asking Price £2,695,000 Richbourne Court, Harrowby Street, W1H Asking Price £2,495,000 Great Portland Street, Marylebone W1W Asking Price £2,795,000 Bickenhall Mansions, London W1U Asking Price £3,275,000 Macready House, Marylebone, London W1 Asking Price £1,800,000

For inquiries contact: Siham Ben Amore Office:+44 020 3700 7177 Mobile: +44 7985 475 966 siham@werinvestments.com

Visit : www.werinvestments.com for full details on over 50 new properties

SALES

sales@werinvestments.com

LETTINGS

lettings@werinvestments.com You Can Also Find us:

0FF MARKET

www.werinvestments.com

5 Bedrooms - 4 Bathrooms 3944 Sqft - 205 years Lease

siham@werinvestments.com

WER Investments Limited Berkeley Square House, London W1J 6BE

We don’t just manage your franchise.

We share your vision and passion.

Franchise with us, and grow in Libya 11

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Sustainably-built, low-waste flexible office spaces

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At our company, we are committed to providing exceptional franchise management services to our international franchisor 11 08 and clients across Libya. With our expertise and dedication, we help business grow and thrive while ensuring that customers Sustainably-built, low-waste flexible office spaces receive top notch services from all our franchises.

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Our Values

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Loyalty Transparency Commitment

Our Mission

Providing smart, low-waste, solutions while reducing footprint Our vision iscarbon to be a leading business

group that drives sustainable Our mission is to be the leading growth and development across Providing smart, carbon franchising company in low-waste, Libya. We are solutions while reducing various industries byfootprint leveraging our committed to providing our franchisees expertise, resources, and network of with the support they need to succeed, partners. We aim to create long-term and we are passionate about helping value for our investors, customers, Libyans achieve their entrepreneurial employees, and the communities dreams. we serve.

Sraaj Asharkya, Almutawasit Building, P.O Box 6871 Tripoli, Libya

info@arkanholding.ly

arkanholding.ly

Get all your Project for Consultancy & Translation in Great Britain & Turkiye processed with us. We have served the best brands for translation services in the Middle East.

You need a Professional Consultancy & translation company that has the potential to meet your expectations. The purpose is to build bridges between language and cultures for the benefit of your business.

M&C Investment Consultancy Company Limited will offer Investment Consultancy & language related services to corporations and individuals in the UK as real state Management, translation, interpreting and consultancy. The services will be in Arabic, French, English and Turkish.

MUHAMED ELNUR M&C Co. Director Tel: +44 (0) 7915 441193 Email: m.elnur@turkishbusinesshub.com.tr Address: First Floor, 239 Kensington High St W6 8SN - London/UK

STANDARD PROPERTY MANAGEMENT SERVICE This service is not only about residential real estate investments such as residential complexes but also commercial real estate investments such as offices, hotels, land, farms and shopping centres through a specialised team of professional real estate appraisal experts, investment experts and the development of real estate projects. Our company is responsible for the progress of the investment and the completion of all legal conditions for Trade, Cooperation, business & contracting before the competent authorities in the UK & Turkiye.