Hundreds of high-level decision makers and industry trailblazers, spanning fields from economics and philanthropy to healthcare, attended the Milken Institute Middle East and Africa summit 2020 in Abu Dhabi.
The event featured a diverse guest list, from original influencer, Paris Hilton to alternative medicine and wellness guru, Deepak Chopra. the 54th Speaker of the US House of Representatives, Paul Ryan and Saudi diplomat His Royal Highness Turki Al Faisal bin Abdulaziz Al Saud.
The Global Opportunity Index report, published by Milken, analyzed the improvements made by Gulf Cooperation Council countries last year. The study found that the performance of GCC countries lagged in four main areas that affect foreign investors’ potential attraction to the region. The areas were: transparency of information, workforce talent, economic openness and protecting investors’ rights.
The chief executive of the Milken Institute told Euronews that the region had great potential to improve matters.
“You need to not only put in place laws, which many jurisdictions have, you need to have the political will to enforce them,” said Michael Klowden.
The Milken report also pointed to events like Expo 2020 in Dubai, and Saudi Arabia’s presidency of the G20 this year, as offering unique opportunities to attract international investments. It’s a point that Inspire Middle East’s anchor Rebecca McLaughlin-Eastham put to His Royal Highness Turki Al Faisal bin Abdulaziz Al Saud of Saudi Arabia, one of the most high-profile diplomats attending this year’s summit.