If the AI bubble bursts, will MENA startups survive?

If the AI bubble bursts, will MENA startups survive?

A man sits amidst collapsed buildings and debris following an earthquake in Marrakesh, Morocco by YOUSSEF elbelghiti via pexels

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If the AI bubble bursts, will MENA startups survive?

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By May El Habachi

For some founders in the region, the fear of a potential overhype and overvaluation is concerning.

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Is there an AI bubble?  From the head of Google’s parent company to officials from the Bank of England, many fear that the AI’s growth is being driven by massive investment and hype, similar to the dot-com boom.  As it stands today, the unit economics of the AI industry don’t add up. The revenue or value an AI company or a large language model like ChatGPT earns from servicing a single user or query is less than the amount it earns from that interaction. OpenAI, for example, is not profitable, even though it generates billions of dollars in annual revenue. Spending on operating costs, compute, research, and development far outpace revenue.Yet, investors are still pouring billions into this technology. About $202 billion was invested globally in AI in 2025, according to Crunchbase. This includes AI infrastructure, foundation labs, and applications. AI was also the leading sector for startup funding globally from 2023 to 2025.In the MENA region, AI startups raised over $2 billion in the first half of 2025, a 134 percent year-on-year increase, according to HUB71.

IMPACT ON FUTURE INVESTMENT

For some founders in the region, the fear of a potential overhype and overvaluation is concerning. “Even if you’re looking to build applications that are commercially viable, if there is big noise around you, this will impact everyone’s decision-making,” says Ahmed Mahmoud, CEO of DXwand, a startup that leverages AI to automate customer service and employee assistance. “It could impact any future investment.”

It’s not only startups that have invested heavily in AI, but also enterprises and corporations. Many have allocated significant resources to Graphics Processing Units (GPUs), servers, and subscription services, but some, if not all, are still waiting to see returns on their investment. “This will make all decision makers think if they’ve done the right thing,” says Mahmoud.

To ensure AI delivers real value, he offers SMEs AI-powered sales agents that help acquire and convert customers at a fraction of the cost of hiring human sales staff.

OPPORTUNITIES FOR STARTUPS

Mohamed Hussain, Principal at Anara Capital, while he recognizes the hype, overvaluation, and risks associated with the underlying technology, sees real demand for it. One that founders can leverage if they know how to use it right.

“There’s definitely huge capital inflows into AI companies, inflated valuations, and a lot of AI washing,” he says. “A lot of AI is being used for marketing purposes rather than for actual operating purposes. So yes, I do think there’s definitely some hype. And I do think there has to be a market correction at some point, which will result in many AI startups disappearing over the next few years, but I also think there is huge, tangible demand for AI.”

He adds: “At the foundational level, like data centers and compute platforms, we’re seeing millions and millions of users. There’s real demand, serious money, and serious traction.”

The key, according to Hussain, is for startups to use AI to solve real problems rather than as a tool to attract funding, especially to streamline operations and increase efficiency. He gives an example of a fintech startup assessing credit scores. By using AI, the startup can reduce processing time, increase efficiency, and perhaps even cut costs by becoming leaner.

“AI is now becoming an expectation, at least in the tech startups world,” he says. “So, we always have to look one step further. How are they using AI? Is their AI different, or are they simply integrating it with ChatGPT at the back end? So, we really assess what AI means to them. And we also assess what impact AI is having on the operations of companies.”

In addition to increased efficiency, AI can also improve a startup’s economic margins, making its unit economics more sustainable and putting it on the road to profitability sooner rather than later. All this gives founders the opportunity to improve their products and services, and reach new markets quickly.

“There are definitely expectations on startups,” says Hussain. “They’ll need to make sure that their business and solution are defensible and scale that much quicker and take advantage of the capital inflows for now because that’s not going to be forever. But at the same time, there’s also a lot of opportunities for them across the board.”

RISK OF UNDERINVESTING

To keep innovating and creating value, however, founders need money.

Akshat Prakash, CTO at CAMB.AI, a startup that live streams in multiple languages, says there is a risk in underinvesting rather than overinvesting in AI. “It’s not debatable that AI is going to be consequential,” he adds. “We’re not debating here whether AI is going to be the fundamental backbone of any vertical. People already believe that. The question is, is it going to be in 10, 15, or 20 years?”

He says that the mindset of investing in AI needs to change. Unlike other technologies, AI must be deployed and invested in before it generates returns. “We do live streaming for the world’s biggest leagues in multiple languages,” he says. “This technology will never be complete. It can only get better and better. So, it must be bought first and then scaled. So, enterprises and companies are just not used to buying something that doesn’t work yet.”

Prakash likens it to companies like Google and Facebook when they first started. In their early days, they weren’t profitable. They focused on creating value first, in getting people to use their platforms before becoming some of the world’s biggest companies. “These companies made a profit later,” he explains. “New technologies like AI must be deployed before they can be fully monetized; those profit cycles are even longer.”

If startups can’t see that, they are missing the bigger picture, he adds.

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Sustainability and resilience

Sustainability and resilience

Three wind turbines silhouetted on a hill at sunset, showcasing renewable energy on a dramatic landscape. By Diogo Miranda via pexels

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Sustainability and resilience

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February 3, 2026 in On-Site

  • By Jafar Rashidi, Senior Technical Services Specialist, Chryso Canada
  • Lisa Barnard, LEED AP, WELL AP, Chryso North America

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Balancing carbon reduction with long-term durability, construction is turning to advanced concrete admixtures to build safer, stronger and more sustainable infrastructure.

The industry is increasingly looking toward admixtures as a means to meet sustainability targets and goals. Image courtesy of Chryso North America.

Sustainability has become the construction industry’s defining challenge. From embodied carbon accounting to net-zero targets, contractors, designers and material suppliers are all grappling with ways to lower emissions while keeping projects on budget and on schedule. Concrete, as the world’s most widely used building material, sits at the centre of this conversation.

Cement, concrete’s binding ingredient, is responsible for roughly seven per cent of global CO2 emissions. For many stakeholders, it’s “the elephant in the room.” But the path forward is not about eliminating concrete, it’s about producing, specifying and using it smarter. That’s where admixtures deliver new solutions, helping to reduce cement content, improve performance and integrate new supplementary cementitious materials (SCM).

Yet, there’s a missing dimension in today’s sustainability dialogue: resilience. It’s not enough to focus only on reducing environmental harm. We must also ensure our structures can withstand hazards of fire, flood, wind and seismic events. In short, true sustainability requires resilience.

Admixture solutions cannot simply be environmentally sustainable, they must also be resilient enough to withstand natural hazards ans seismic events. Image courtesy of Chryso North America.

Resilience: the missing half of sustainability

In 2015, three landmark frameworks emerged from the United Nations: The Sustainable Development Goals, the Paris Agreement and the Sendai Framework for Disaster Risk Reduction. While the first two frameworks have managed to capture widespread attention, the Sendai Framework, despite its direct relevance to our built environment, remains underutilized in mainstream construction dialogue.

Why does resilience matter? Because a “green” building that fails during the impacts of a wildfire or hurricane is not sustainable at all.

Rebuilding doubles the carbon footprint, displaces communities and disrupts economies. Data from Saint-Gobain’s Sustainable Construction Barometer underscores the shift: resilience is gaining traction globally, particularly in regions exposed to natural hazards. The percentage of respondents prioritizing resilience to climatic events jumped to 21 per cent, the largest increase recorded to date.

Concrete plays a central role here. Its inherent fire resistance, structural integrity under seismic stress and durability in water and wind-prone regions make it indispensable for resilient construction. From seismic-resistant foundations in Mexico City to hurricane-rated walls in Florida, concrete continues to prove itself as one of the most hazard-resilient materials available.

The Canadian Climate Institute reports that every dollar spent today on climate adaptation can return $13 to $15 in direct and indirect benefits over time. For the construction industry, investing in resilient infrastructure isn’t just smart planning – it’s a long-term gain for both communities and the economy.

Chryso Convert C, transforms returned plastic concrete into a dry, hardened, granular state, making it easy to handle and reuse. Image courtesy of Chryso North America.

A lever for carbon reduction

In practice, a sustainable concrete mix should look and perform just like a conventional one. The difference lies in how it is optimized behind the scenes. The goal is to minimize the carbon footprint by reducing cement, maximizing SCMs and using local resources. Admixtures are the enablers of this shift, unlocking multiple pathways to cut carbon without compromising performance.

Four strategies illustrate how:

  1. Cement reduction through strength enhancers

Admixtures like strength enhancers enable producers to achieve equal or greater performance with less cement. High-range water reducers and like EnviroMix SE deliver early and late strength gains of 2.4–4.0 MPa, allowing up to 10 per cent cement reduction without compromising quality.

  1. Maximizing SCM use

Supplementary cementitious materials, including metakaolin and waste-stream products, are increasingly used. Admixtures offset challenges like slower strength gain or higher water demand, enabling greater cement replacement while maintaining performance.

  1. Optimizing local materials

Declining access to high-quality sand drives the use of manufactured and marginal local sands. Admixtures, such as the ChrysoQuad line, improve workability, reduce variability and lower transport emissions.

  1. Enabling circular economy practices

Products like ChrysoConvert C recycle returned concrete into usable aggregates. Together, these strategies lower carbon while maintaining performance.

Admixtures present a lever for contractors to achieve carbon reductions. Image courtesy of Chryso North America.

Performance under extreme conditions

In Canada, sustainability solutions cannot be divorced from performance. Alberta illustrates this reality vividly. With temperatures swinging from -30°C in the winter to +30°C in the summer, producers face unique challenges: hot, dry and windy conditions in summer lead to plastic shrinkage cracking and rapid slump loss, while extreme cold creates curing difficulties.

Effective curing has long been a challenge in this region, and concrete mixes must be designed to maintain durability across these extremes.

Canadian standards provide clear guidance on these challenges. The National Building Code of Canada (NBCC) requires that concrete structures are designed for expected temperature ranges, wind loads and snow/water loads over their intended service life. Additionally, CSA A23.1 cold weather and hot weather concreting guidelines set limits on concrete placement, curing methods and admixture use to maintain performance in extreme climates.

Admixtures are essential to meeting these demands. They extend slump life, improve finishability and support mixes that achieve reliable strength gain even under punishing conditions. In addition to workability control, durability remains a central requirement in the Canadian climate. Air-entraining agents play a critical role by creating an engineered air-void system with proper spacing factor and distribution. This controlled microstructure allows internal pressure relief during freeze–thaw cycles and improves resistance to salt scaling – a major durability concern in regions where de-icing salts are widely used. Crucially, sustainable concrete must look and act like conventional concrete. Contractors should not have to compromise workability or strength in exchange for carbon savings. By tailoring mixes with advanced admixtures, we can ensure that sustainability and performance are aligned, even in one of the world’s most demanding climates.

Admixtures must perform in extreme Canadian conditions. Image courtesy of Chryso North America.

Resilience tools: building resilience index

Material science, however, is only half the picture. Measuring resilience in a systematic way is equally important if we are to balance carbon reduction with long-term durability. This is where tools like the Building Resilience Index (BRI), developed by the International Finance Corporation, come in.

Unlike green certifications that focus mainly on mitigation, BRI evaluates a building’s ability to withstand four major hazards: wind, water, fire and geoseismic activity. A sustainable concrete mix must never mean weaker concrete. With advanced admixtures – strength enhancers, water reducers and SCM-enabling technologies – we can lower carbon while ensuring structures perform under extreme conditions.

While BRI provides a useful global framework, the concept of resilience takes on a unique urgency in Canada. The country already faces some of the most aggressive climate stressors in the developed world: record wildfire seasons in British Columbia and Alberta, catastrophic flooding in Quebec and New Brunswick, coastal erosion in Atlantic Canada and accelerated freeze-thaw deterioration in the Prairie provinces due to increasing temperature variability. These events have triggered a national shift from reactive repair to proactive resilience engineering, not only for buildings, but also for highways, water systems, transit networks and energy infrastructure.

Unlike many countries that rely solely on voluntary sustainability programs, Canada is formalizing resilience in codes, policy and public procurement. The Climate Resilient Buildings and Core Public Infrastructure (CRBCPI) initiative, led by the National Research Council of Canada (NRC), has introduced engineering guidance that goes beyond historical weather data by using future climate models that project performance over a 50 to 75-year service life. The goal is to design for evolving climate loads, more severe freeze–thaw cycles, higher rainfall intensity, wildfire heat exposure and longer durability expectations, all of which have direct implications for concrete specification and mix design.

As a practical outcome, resilience is now embedded in Canadian construction standards. The CSA S6:25 Canadian Highway Bridge Design Code requires climate resilience assessments and hydrological risk modeling. CSA A23.1/A23.2 concrete standards emphasize exposure class–based durability, stable air-void structure and resistance to chloride penetration and sulphate attack, critical for marine, transportation and northern construction environments. Provinces like Ontario and British Columbia now include resilience criteria in public infrastructure tenders, meaning ready-mix producers and specifiers must demonstrate durability performance, not just compressive strength.

Canada also recognizes that resilience is not only a materials issue – it’s a societal and economic priority. Through the federal Disaster Mitigation and Adaptation Fund (DMAF), resilience metrics are now tied to eligibility for major infrastructure funding. In Northern Canada and Indigenous communities, climate resilience strategies prioritize reliable performance in extreme environments where permafrost movement, remoteness and short construction windows present unique engineering challenges. In these regions, the durability of concrete relies heavily on technology-enabled mix designs, including low-temperature accelerators, shrinkage-reducing admixtures and engineered air-entrainment systems that improve resistance to freeze-thaw damage and surface scaling.

Image courtesy of Chryso North America.

A holistic view: sustainability + resilience

The conversation should not pit carbon reduction against resilience. In fact, they reinforce each other. Durable structures mean fewer rebuilds, avoiding the “hidden carbon” of reconstruction. Concrete, properly designed with admixtures, can meet both mandates: lowering embodied carbon while delivering superior resilience.

The construction sector is entering a new era. Net-zero goals remain urgent, but they must be paired with resilience benchmarks to ensure buildings can withstand tomorrow’s hazards. Tools like BRI, combined with admixture-driven low-carbon solutions, offer a way forward.

For the Canadian construction industry, success will depend on collaboration between engineers, producers and policymakers. And with the right technologies and mindset, we can build a future that is not only lower carbon but also stronger, safer and more resilient.

Concrete Construction Construction Materials Green Construction Infrastructure Institutional Leadership LEED Risk Management

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Global population living with extreme heat expected to double by 2050

Global population living with extreme heat expected to double by 2050

A vast aerial view of a densely populated urban residential area with diverse building types. By Ludvig Hedenborg via pexels

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Global population living with extreme heat expected to double by 2050

Global population living with extreme heat to double by 2050

Global mean HDDs for three global warming scenarios. Credit: Nature Sustainability (2026). DOI:10.1038/s41893-025-01754-y

A new University of Oxford study finds that almost half of the global population (3.79 billion) will be living with extreme heat by 2050 if the world reaches 2.0°C of global warming above pre-industrial levels—a scenario that climate scientists see as increasingly likely.

Most of the impacts will be felt early on as the world passes the 1.5°C target set by the Paris Agreement, the authors warn. In 2010, 23% of the world’s population lived with extreme heat, and this is set to grow to 41% over the next decades.

Regions and populations most at risk

Published in Nature Sustainability, the findings have grave implications for humanity. The Central African Republic, Nigeria, South Sudan, Laos, and Brazil are predicted to see the most significant increases in dangerously hot temperatures, while the largest affected populations will be in India, Nigeria, Indonesia, Bangladesh, Pakistan, and the Philippines.

Countries with colder climates will see a much larger relative change in uncomfortably hot days, more than doubling in some cases.

Compared with the 2006–2016 period, when the global mean temperature increase reached 1°C over pre-industrial levels, the study finds that warming to 2°C would lead to a doubling in Austria and Canada, 150% in the UK, Sweden, Finland, 200% in Norway, and a 230% increase in Ireland.

Infrastructure and adaptation challenges

Given that the built environment and infrastructure in these countries are predominantly designed for cold conditions, even a moderate increase in temperature is likely to have disproportionately severe impacts compared with regions that have greater resources, adaptive capacity, and embodied capital to manage heat.

Lead author, Dr. Jesus Lizana, Associate Professor in Engineering Science, said, “Our study shows most of the changes in cooling and heating demand occur before reaching the 1.5ºC threshold, which will require significant adaptation measures to be implemented early on. For example, many homes may need air conditioning to be installed in the next five years, but temperatures will continue to rise long after that if we hit 2.0 of global warming.

“To achieve the global goal of net-zero carbon emissions by 2050, we must decarbonize the building sector while developing more effective and resilient adaptation strategies.”

Dr. Radhika Khosla, Associate Professor at the Smith School of Enterprise and the Environment and leader of the Oxford Martin Future of Cooling Programme, added, “Our findings should be a wake-up call. Overshooting 1.5°C of warming will have an unprecedented impact on everything from education and health to migration and farming. Net zero sustainable development remains the only established path to reversing this trend for ever hotter days. It is imperative politicians regain the initiative towards it.”

Energy demand and new climate data

The projected increase in extreme heat will also lead to a significant rise in energy demand for cooling systems and corresponding emissions, while demand for heating in countries like Canada and Switzerland will decrease.

The study also includes an open-source dataset of global heating and cooling demand, comprising 30 global maps at ≈60km resolution that capture climate intensity in “cooling degree days” and “heating degree days” worldwide. This dataset provides a strong foundation for incorporating accessible climate data into sustainability planning and development policy.

Publication details

Lizana, J. et al, Global gridded dataset of heating and cooling degree days under climate change scenarios. Nature Sustainability (2026). DOI: 10.1038/s41893-025-01754-y www.nature.com/articles/s41893-025-01754-y

Journal information: Nature Sustainability

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What Comes After 2030?

What Comes After 2030?

what, creator, we, have, creator, creator, creator, creator, creator by einoblixt via pixabay

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What Comes After 2030? Contribution of Private Sector to the SDG Agenda

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STORY HIGHLIGHTS
  • A webinar, organized by the Center for Responsible Business and Leadership at Católica Lisbon, discussed the role of the private sector in driving SDG progress and shaping a post-2030 sustainable development framework in a way that is meaningful for companies and societies.
  • Participants highlighted that to achieve this, sustainability cannot be treated as optional, but rather as a business imperative.
  • Only through collaborative governance, and a coherent, integrated policy framework is it possible to move at the necessary pace and turn ambition into action.

As the deadline for the SDGs draws nearer, many ask what comes after 2030. A webinar, organized by the Center for Responsible Business and Leadership at Católica Lisbon, in partnership with the UN Global Compact Network Portugal, explored the contribution of the private sector to shaping the future of the SDG agenda.

The webinar was the second in a series themed, ‘What Comes After 2030? The Future of the SDG Agenda.’ Held in early January 2026, it brought together business leaders and industry representatives from the World Business Council for Sustainable Development (WBCSD) and Nestlé to explore how companies can accelerate change and act as catalysts for systemic transformation beyond 2030.

Discussions highlighted the important role businesses play in the innovation sphere and their capacity to extend across the supply chain, reaching multiple sectors and geographies. Participants agreed that while many businesses operate under significant pressure points, such as climate change and breached planetary boundaries, there are opportunities innovation can bring to scale solutions and drive transformation needed to deliver on the SDGs up to 2030 and beyond.

However, speakers emphasized, for this to happen, sustainability cannot be seen as optional, but rather as a business imperative. Only through collaborative governance and a coherent, integrated policy framework is it possible to move at the necessary pace and turn ambition into action.

Participants also noted it is essential to look at the broader interconnected system in which businesses operate, at the intersection of climate, nature, and people. They acknowledged that addressing these themes together will enable businesses to pursue climate neutrality while simultaneously supporting communities.

At the same time, reflecting on what has worked in the current framework, what didn’t, and the lessons learned can provide valuable insights for the future. Speakers underscored that establishing a common language, across different constituencies, including businesses and governments, is key as differences in terminologies often hinder coherence and alignment. A shared language, they said, can help to better understand what the shared challenge is, identify barriers, and support a coordinated and effective implementation.

Private sector representatives shared experiences on how businesses are focusing on sustainability in the five years left to 2030, including by enabling a shift to regenerative agriculture through technical support and trainings for farmers, as well as finance and data collection.

In conclusion, speakers noted that while it is difficult to think long-term, especially in the current geopolitical climate, it is important to recognize the progress achieved over the ten years of the SDG agenda, including in areas such as the energy transition, scientific advancements, and renewables. They emphasized that the “ethos of sustainability” has become increasingly embedded in the economy and among citizens, as demonstrated by shifts in consumption patterns and behaviors.

Participants agreed that going forward, the interaction between technology, innovation, and entrepreneurship will be key in driving higher impact in areas such as education, health, and technology. They called for focus on collaborative governance, including citizen and business engagement, to ensure progress on the 2030 Agenda and beyond amid global challenges and transformations.

Held last year, the first webinar of the series focused on the broader landscape of the post-2030 Agenda and the future of the SDGs. The main takeaway was that “2030 should not mark the end of the agenda – it should mark the beginning of its reinvention.” At the same time, the webinar emphasized the importance of looking at the sustainable development agenda in a more dynamic way and put effort into implementation and cross-sectoral partnerships.

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2026: Growth and tech ambitions to the fore

2026: Growth and tech ambitions to the fore

High angle view of the word ‘FUTURE’ on a textured surface. Creative concept for motivation.By   Ann H via pexels

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2026: Growth and tech ambitions to the fore

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2026: Growth and tech ambitions to the foreA Prosperity Agenda for the Middle East session with Ahmed Kouchouk, Minister of Finance of Egypt; Dan Murphy, Anchor and Correspondent, CNBC, USA; Hisham Ezz-Al-Arab, Chief Executive Officer and Board Member, Commercial International Bank (CIB), Egypt; Hussain Sajwani, Founder and Chairman, DAMAC International, United Arab Emirates; Khalifa Abdullah Al-Ajeel AI-Askar, Minister of Commerce and Industry of Kuwait; Noor Ali Alkhulaif, Minister of Sustainable Development of Bahrain, Chief Executive, Bahrain Economic Development Board; at the World Economic Forum Annual Meeting, Davos 2026 in, Switzerland, on 22/1/2026 from 16:15 to 17:00 in the Congress Centre – Aspen 2 (Zone E), Stakeholder Dialogue. (mena economy). ©2026 World Economic Forum / Sandra Blaser

Leaders from across the Middle East focused on growth and delivering on the region’s unique potential at Davos 2026. Image: World Economic Forum

Chris Hamill-StewartWriter, Forum Agenda
WEF 27 january 2026
This article is part of: World Economic Forum Annual Meeting
  • Leaders at the World Economic Forum Annual Meeting 2026 presented their priorities, with a focus on building pathways for peace and delivering sustainable growth in the region.
  • The president of Egypt, the prime minister of Qatar, Morocco’s head of government, the president of Israel, the prime minister of the Palestinian National Authority and other political leaders spoke of the need for lasting peace in the region.
  • A significant contingent from the Gulf’s private sector attended the meeting, including from the region’s growing AI and data centre industry.

Geopolitics returned to centre stage at this year’s Annual Meeting in Davos. Greenland, Venezuela, the US, Europe, China, Iran and Gaza featured prominently in panels and coffee breaks alike.

Despite this backdrop of global and regional geopolitical headwinds, leaders from the Middle East and North Africa (MENA) were keen to highlight the opportunities for growth in the region.

From Morocco to Saudi Arabia, representatives from the region highlighted the economic shifts in full swing across MENA – from global sports tournaments hosted in North Africa to the rapid buildout of AI infrastructure in the Gulf.

Aspiration and confidence in North Africa

The tone of leaders from North Africa was one of confidence and aspiration: to move forward both as a collection of economies and as a region. They made clear their goal to seize on their advantages and carve a place for North Africa in a fast-changing global economy.

Egypt’s plan for growth

Egypt led its Davos messaging with a focus on private sector-driven growth.

“Our world today faces monumental challenges on a development path. It witnesses profound transformations in the patterns of international cooperation in addition to a rising role of innovative tools of technological progress, digital transformation and AI applications,” Egyptian President Abdel Fattah El-Sisi said.

Egypt, he said, is committed to cooperation and dialogue for growth – and he pointed to trade deals the country has signed in recent years as evidence of this strategy in action.

“Creating an attractive business environment for the private sector is a fundamental basis in the process of development and modernisation,” El-Sisi said.

Alongside the Egyptian president, the Forum’s Brende announced a Country Strategy Meeting in Egypt in autumn 2026 in collaboration with the Egyptian government.

Their tone was one of confidence and aspiration: to move forward both as a collection of economies and as a region. They made clear their goal to seize on their advantages and carve a place for North Africa in a fast-changing global economy.

Morocco’s infrastructure buildout

Morocco’s Head of Government spoke of the ambitions embodied in his country’s role as a host of the 2030 Fifa World Cup. That tournament, which is the world’s most-watched sporting event, comes hot on the heels of the country’s successful delivery of the African Cup of Nations, which drew millions of viewers worldwide.

The World Cup is expected to bring huge numbers of tourists to the country and has heralded a significant infrastructure investment drive, including $4 billion for upgrades to airports across the kingdom.

“The World Cup is only a milestone in a long-term strategy to transform the country with stadiums, digital networks, investment in culture, sustainable tourism, security and youth training,” Aziz Akhannouch, Head of Government for the Kingdom of Morocco, said.

AI’s role in delivering growth

Technology and the growth potential of AI were front and centre – particularly for regional countries with advanced energy industries.

Nurturing the right talent was a core part of this. “Higher education needs to start infusing AI. We do have that in the UAE. We’re starting to work with universities to provide students with skills and the necessary toolsets to advance,” Sarah bint Yousif Al Amiri, Minister of Education of the UAE, said, adding that they’re focusing on basic AI literacy before moving on to more advanced upskilling.

Representatives from Saudi Arabia laid out their ambitions in AI, including a focus on ensuring the benefits AI buildout are felt by all.

“Everybody wants to build the infrastructure for it, but the essence of AI’s power is it has to be accessible… Diffusion is not just within economies that have to compete, but I believe it has to be done globally,” Khalid Al-Falih, Minister of Investment for Saudi Arabia, said.

Speaking at the meeting’s closing remarks alongside Forum CEO Børge Brende, Saudi Arabia’s Minister of Economy and Planning Faisal Alibrahim announced the Global Collaboration and Growth Meeting to be held 22-23 April 2026 in Jeddah, Saudi Arabia. The meeting will focus on building common ground, reviving growth and transforming industry through innovation.

The Forum, together with the governments of Saudi Arabia, the UAE, the UN Industrial Development Organization and others, also agreed to national deployments of the Lighthouse Operating System, which is a strategic, scaleable and replicable blueprint for manufacturing and supply chain transformation.

“AI is coming – there’s no two ways about it. We just have to be ready, be prepared and make the best possible pathway to it,” Khaldoon Khalifa Al Mubarak, CEO of Abu Dhabi sovereign wealth fund Mubadala, which is investing billions in AI, said.

Leaders said they’re already seeing impact as they deploy AI technology in healthcare and logistics, and they zeroed in on their energy advantage as a competitive edge.

“We want to turn the energy sector to be more intelligent in terms of capitalizing on AI, and we have the applications and the talents and the infrastructure, and the most important thing in all of these is the data quality,” Amin Nasser, CEO of Aramco, said.

The Forum welcomed five new Centres into the Fourth Industrial Revolution Network during the meeting, including two within the UAE which will strengthen global collaboration on AI, quantum, robotics and space technologies.

A shared desire for peace

Politics was not entirely absent from discussions at Davos, with the future of Gaza staying a key topic.

“Gaza and Palestine is the core problem for the region, and if it is solved it will pay dividends for the entire region, not only for close neighbours like Egypt,” Ahmed Kouchouk, Minister of Finance for Egypt, said.

“The humanitarian situation [in Gaza], if you compare it to last year, it’s maybe better, but it still needs a lot of intervention,” Qatar’s Prime Minister, Mohammed bin Abdulrahman bin Al Thani, said.

Isaac Herzog, President of Israel, expressed his desire to see the conflict end, emphasizing both the human and economic harms it has caused.

Mohammed Mustafa, Prime Minister of the Palestinian National Authority, also expressed his desire to see the conflict come to an end and stressed the need for a supportive and enabling environment in the reconstruction of Gaza.

Swiss President Guy Parmelin warned of “upheavals to come and potential flashpoints” around the world, including in Gaza, Sudan and Iran.

The US-hosted Board of Peace event was organized by the US Government and took place on the margins of the Annual Meeting. It included a significant focus on peace and recovery in Gaza. The Forum facilitated the session by providing space at the Davos Congress Centre.

Regional political and business leaders expressed hope that efforts to bring peace to the region will bring positive results. Discussions on the future of Gaza focused on the US’ role in peace negotiations.

Despite the shadow these issues cast on parts of the Middle East, those leaders present made it clear: their focus is on prosperity for their citizens, companies and for the region as a whole.

“The region is hungry for peace. The region wants to focus on economic development,” Noor Ali Alkhulaif, Minister of Sustainable Development of Bahrain, Chief Executive, Bahrain Economic Development Board, said.

Political stability is crucial in that effort, leaders said, but so too is investing in their people and their strengths – and that may be happening faster in the Middle East than in anywhere else in the world.

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