Markets of tomorrow

With the annual WEF Forum in Davos this week, seems fitting that our lead story should be the study released by WEF on the?technologies of tomorrow. The research finds that agritech, edtech and energy-related technologies are seen by businesses as the most strategically important over the next 10 years in over 120 economies worldwide.

Another report that was released late last week was the numbers of the?UK – MENA cross border trade?from from Lumina Capital Advisers. The report showed that cross-border trade and deal activity between the two regions surged in 2022, driven by two-way capital flows as multinationals and funds sought access and investments in the region. 2023 is predicted to mark another record for cross-border transactions between the two in light of a resilient regional-led global M&A environment and strong activity in traditional industries like manufacturing, oil & gas services and industrials.

WEF also released a special report on green buildings and the pledge of global real estate CEOs to reduce emissions in the sector by 50 percent by 2030. Majid Al Futtaim was one of these.?Majid Al Futtaim Properties has pledged?to halve their buildings-related emissions by 2030 and reach net-zero building emissions by 2050 along with Avison Young, Edge, GPFI Group, Ivanhoé Cambridge, JLL, Schneider Electric and Signify. These firms will meet these targets by implementing the World Economic Forum’s Green Buildings Principles. Released last year, the Green Building Principles provides a clear sequence of steps to deliver net-zero carbon real estate portfolios.

With Abu Dhabi Sustainability Week (ADSW) running this week, we have two announcements from the event.?

BEEAH Group has?launched BEEAH Education?to consolidate its programs that include the Academy of Sustainability and the Future Pioneers Awards. As a new business vertical, this new venture will continue to lead several environmental awareness, education and awarding programs for the Group. Its rebranded and enhanced programs will also lead the Institute of Environmental Management and Sustainability Academy, a training and certification institution for professional and vocational courses that prepare individuals for careers in sustainability.

2023 Zayed Sustainability Prize winners?were announced at ADSW. Winners were chosen in five categories including health, food, energy, and water categories. Through its 96 former winners, the Prize has transformed the lives of more than 378 million people around the world since 2008.

What will the markets of tomorrow look like for you? Do share.

Until next week.