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MASIC Annual Investment Forum 2023 has ended

Disrupting Geography:
Investing in an Uncertain World

Investor and author Ray Dalio studied the past 500 years and describes the typical lifecycle of a superpower’s rise and decline in his book: “Principles for Dealing with the Changing World Order.” Dalio claims that the start of a new era often heralds a period of peace, prosperity and productive debt growth. A prolonged period of economic prosperity and confidence results in increased borrowing which eventually leads to a bubble. As bubbles burst, inflation surges, inequalities rise and internal conflicts assume, we witness revolutions to redistribute wealth that can be either peaceful or violent. Towards the latter stages in the cycle, the leading empire becomes less powerful relative to rivals, and the deteriorating economic conditions and disagreements between powers typically results in some kind of conflict.

Speakers


H.E. Eng. Khalid
bin Abdulaziz Al-Falih

Minister of Investment, Saudi Arabia


George Yeo

Former Minister for Foreign Affairs, Singapore


Professor Ian Goldin

Professor of Globalisation and Development, Oxford University


Edward Knight

President and Board Member, Antler


Nadine Hani

Anchor for Al Arabiya News Channel

Forum Program

Time

Program

08:00 am

Registration and welcoming

09:00 am

Forum Opening

Verses from the Holy Quran

Opening Speech by MASIC Vice Chairman, Nasser M. Alsubeaei

09:10 am

Program Overview

Nadine Hani

09:20 am


Keynote Speech

H.E. Eng. Khalid bin Abdulaziz Al-Falih

9:40 am

Presentation by

George Yeo

10:10 am

Q & A

10:20 am

Presentation by

Professor Ian Goldin 

10:50 am

Q & A

11:00 am

Presentation by

Edward Knight 

11:30 am

Q & A

11:40 am

Panel Discussion

12:40 pm

Closing Remarks by MASIC CEO, Hani Halawani 

12:45 pm

Prayer Time and Lunch

02:00 pm

End of Forum

Venue

Al Faisaliah Hotel, Prince Sultan Grand Hall, Riyadh, KSA

Al Faisaliah Hotel forms an integral part of Riyadh’s landmark centerpiece, the Al Faisaliah Center, which includes luxury shopping, high-tech entertainment and a 250-meter office tower. The center and hotel are ideally located in the city’s prestigious business and residential area, Olaya, affording easy access to the city’s Diplomatic Quarter, ministries, government offices, shopping and business centers.

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Disrupting Geography: Investing in an Uncertain World

MASIC Annual Investment Forum 2023

Investor and author Ray Dalio studied the past 500 years and describes the typical lifecycle of a superpower’s rise and decline in his book: “Principles for Dealing with the Changing World Order.” Dalio claims that the start of a new era often heralds a period of peace, prosperity and productive debt growth. A prolonged period of economic prosperity and confidence results in increased borrowing which eventually leads to a bubble. As bubbles burst, inflation surges, inequalities rise and internal conflicts assume, we witness revolutions to redistribute wealth that can be either peaceful or violent. Towards the latter stages in the cycle, the leading empire becomes less powerful relative to rivals, and the deteriorating economic conditions and disagreements between powers typically results in some kind of conflict.

The world enters 2023 in the wake of the significant instability. The international economic order is under significant stress: inflationary pressures have led central banks to raise interest rates and the prospects for global growth have dampened as recession risk looms large over developed economies. Against this backdrop, the shift to “glocalisation” is accelerating. The cross-border economic integration that multilateral institutions have fostered since World War II is being weakened by a multi-local world. Investors and businesses are adjusting to new normal where national governments seek to priorities local communities, companies and industries amidst rising geopolitical tensions and strained US-China relations.

The next decade is being increasingly viewed as a decisive period as the balance of power shifts from west to east. The nineteenth century, with the arrival of the Industrial Revolution, was driven by Europe. The twentieth century gave rise to the United States of America as “The American Century” and the US Dollar as the world’s reserve currency. The twenty-first century, meanwhile, is emerging as “The Asian Age” – a defining moment in which Asia reclaims its position as the engine for global growth and China prepares to overtake the US as the world’s largest economy.

With heighted geopolitical risk at the top of the CEO agenda, according to a recent McKinsey survey, the 2023 MASIC Annual Investment Forum will (a) examine how geography has shaped and continues to influence the world’s economy and superpowers; (b) the implications of a future international economic order dominated by Asia; and (c) consider the impact of new systems, rules and alliances on the investor community and the global economy at large.

H.E. Eng. Khalid bin Abdulaziz Al-Falih

Minister of Investment, Saudi Arabia

His Excellency Khalid A. Al-Falih has been Minister of Investment of the Kingdom of Saudi Arabia since 25 February 2020. He previously served as Minister of Energy, Industry and Mineral Resources from May 2016 to September 2019, as Minister of Health from April 2015 to May 2016, and as Chairman of the Saudi Arabian Oil Company (Saudi Aramco) Board of Directors from April 2015 to September 2019. Prior to his appointment as Chairman, H.E. Al-Falih also held key leadership positions across the company, including President and Chief Executive Officer from January 2009 to May 2015. 

H.E. Al-Falih has been consistently recognized for his leadership in spearheading the strategic transformation of leading sectors and organizations across Saudi Arabia. His achievements include driving large-scale business initiatives and industrial projects, building organizational capacity for the benefit of Saudi citizens through economic and social programs, and enhancing the performance and impact of complex organizations. For many years, he has taken a particular interest in leveraging business activities to fuel social development and economic diversification; fostering strong collaboration between Saudi Arabia’s public, private and academic/research sectors; and promoting the importance of the fields of science and digital technology among young people. 

George Yeo

Former Minister for Foreign Affairs, Singapore

George YEO is currently a Visiting Scholar at the Lee Kuan Yew School of Public Policy of the National University of Singapore and the Founding Patron of its Asia Competitiveness Institute. He was with Kerry Group in Hong Kong from 2012 to 2021. He was Chairman and Executive Director of Kerry Logistics Network from 2012 to 2019. He served 23 years in Government as Minister in various portfolios from 1988 to 2011. Mr Yeo has a BA in Engineering (Double First) from Cambridge University and an MBA (Baker Scholar) from Harvard University. He began his military career as a Signals Officer in the Singapore Army, crossed over to the Air Force, became Chief-of-Staff of the Air Staff, and Director of Joint Operations and Planning in the Defence Ministry attaining the rank of Brigadier-General. Mr Yeo sits on various advisory bodies and company boards, both local and international which included the Vatican from 2013 to 2020.

Ian Goldin

Professor of Globalisation and Development, Oxford University

Professor Ian Goldin is the Oxford University Professor of Globalisation and Development and was the founding Director of the Oxford Martin School, the world’s leading centre for interdisciplinary research into critical global challenges. Ian leads the University’s Oxford Martin Programmes on Technological and Economic Change, Future of Work and Future of Development. Ian previously was World Bank Vice President and the Group’s Director of Policy, after serving as Chief Executive of the Development Bank of Southern Africa and Economic Advisor to President Nelson Mandela. Ian also was principal economist at the EBRD and Head of Programmes at the OECD. He is an advisor to a wide range of businesses, governments and international agencies and has served as a non-executive director of leading listed and unlisted global companies, having chaired all key Board Committees. Ian has a BA (Hons) and BSc from the University of Cape Town, an MSc from the London School of Economics, an AMP from INSEAD and an MA and Doctorate from the University of Oxford. Goldin has been knighted by the French Government and nominated Global Leader of Tomorrow by the World Economic Forum. He is Chair of the core-econ.org initiative to transform economics. He is the author and presenter of three BBC series, After the Crash, Will AI Kill Development and The Pandemic that Changed the World. Ian has published 23 books, the most recent of which is Rescue: From Global Crisis to a Better World. Previous books include Terra Incognita: 100 Maps to Survive the Next 100 Years; Age of Discovery: Navigating the Storms of our Second Renaissance; The Butterfly Defect: How globalisation creates systemic risks; and The Pursuit of Development: Economic Growth, Social Change and Ideas. He has published over 50 academic papers, including Why is Productivity Slowing Down? in the top rated Journal of Economic Literature. He is a highly acclaimed speaker, with regular keynotes at the WEF Davos meetings, and at TED, Google Zeitgeist and other global events. His website is iangoldin.org and he is on twitter @ian_goldin.

Ed Knight

President and Board Member, Antler

Ed is President and a Board member of Antler, an early stage venture capital firm enabling the world’s most exceptional talent to build the defining companies of tomorrow.

Since launch in 2017, Antler has become the world’s largest early stage investor, establishing teams in 23 cities across 6 continents and building an exceptional team of 60 partners who are successful entrepreneurs, asset managers and industry professionals.

Prior to this, Ed was a Partner at Goldman Sachs in London where he spent 15 years in European capital markets and where he also established the Disruptive Technology practice.

Ed started his career at Schroders in 1995 and graduated from Durham University with a BA in Modern Languages.

Nadine Hani

Anchor for Al Arabiya News Channel

Nadine Hani’s experience however goes beyond the newsroom to the field, where she has reported live from the NYSE (New York Stock Exchange), and has done investigative reports from major Arab cities especially Riyadh, KSA.

She has also covered and reported from major international events and conferences, including the IMF and World Bank annual meetings, and the World Economic Forum Annual Meetings in Davos since 2008. Nadine is often asked to moderate high-profile conferences such as the panels at the World Economic Forum and Saudi Public Investment Fund events such as the Future Investment Initiative.

Nadine Hani joined Al Arabiya in 2005 from CNBC Arabiya in Dubai, where she worked as a business news anchor, as well as hosting a personal finance show.

Previously she worked as a Private banking consultant for 2 international banks in Lebanon, ABN AMRO Bank and BNP Paribas, advising high net worth individuals on investment alternatives. She started her career in media presenting a daily summary of business news at MTV (Murr TV) in Lebanon, while working as a private banker, pioneering stock markets’ coverage in the Arab world.

Nadine graduated from the American University of Beirut with a Master’s degree in Business Administration.

She is a Lebanese national, and speaks fluent Arabic and English, and basic French and German.

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