Participants in the “Sovereignty vs. Globalization” session at the 9th edition of the Future Investment Initiative Conference stressed that the world needs diversified supply chains, greater energy self-sufficiency, investment in data centers, technology and artificial intelligence, and more joint trade between allied and friendly countries. H.E. Ali bin Ahmed Al-Kuwari, Qatar's Minister of Finance, H.E. Rachel Reeves, UK Treasury Secretary, and Mehmet Şimşek, Turkish Treasury Secretary, discussed the importance of globalization, trade, artificial intelligence, cooperation between countries, signing technical agreements and direct partnerships to find solutions to economic crises and the importance of working to strengthen the work of multilateral organizations, especially after working hard for years to build a system based on rules, participation and mutual cooperation.
The panel discussion was moderated by H.E. Ali bin Ahmed Al-Kuwari, Qatar's Minister of Finance, and H.E. Rachel Reeves, UK Treasury Secretary. The British Chancellor of the Exchequer said: “One of the government's priorities in the United Kingdom is to grow the economy; to do so requires a solid foundation of stability to do so, as well as building relationships with important allies.” She reviewed the trade deals that the United Kingdom has concluded with a number of countries, and trade agreements that confirm competitiveness.
<Qatar is open to direct foreign investment, citing the 2022 World Cup, which gave a great impetus to building infrastructure and Qatar's identity, looking forward to capitalizing on this while continuing to attract international investment, especially as Qatar is one of the largest LNG producers in the world, noting the importance of cooperation with the whole world towards building partnerships and direct investments such as: Economic cooperation and trade agreements.
He said that artificial intelligence and technology are part of the strategies in his country's plan to diversify the economy, and that investing in artificial intelligence and energy is important and logical, and Qatar has distinguished national capacities in data, innovation and aviation.
In turn, he noted that Qatar is a large producer of liquefied natural gas in the world. <For his part, the Turkish Treasury Minister noted the importance of countries investing in international and regional integration, as it has benefits in strengthening risk-bearing aspects such as: Energy and production security, stressing the importance of technology, health, security, artificial intelligence, data and cybersecurity that need more investments in them, noting the importance of working to minimize risks before they occur.
