The World Islamic Economic Forum (WIEF), established in 2005 in Kuala Lumpur, is a global platform which brings together a diverse mix of global leaders, government officials, industry captains, academic scholars, regional experts, professionals, and corporate managers.
WIEF offers a pivotal platform for deliberations, insights, and forward-looking perspectives, particularly crucial for businesses striving to excel in our rapidly evolving global landscape. At WIEF, leaders and thinkers converge to discuss not just current economic trends but also the future trajectory of global commerce.
WIEF Foundation Chairman Tan Sri Dr Syed Hamid Albar told BusinessToday recently that Malaysian businesses attending the 14th WIEF in Abu Dhabi can look forward to a multitude of benefits which includes the opportunity to engage with a diverse international audience, offering a platform to showcase their products and services on a global stage. Corporate leaders, both large and small can expect to gain valuable insights into the evolving economic landscape of the Middle East and its integration with global markets, which could be pivotal for strategic planning and expansion.
The key here is that the 14th forum is especially significant for addressing contemporary challenges such as sustainability, the integration of Environmental, Social, and Governance (ESG) principles, and the rapid advancements in technology.
“It’s a space where critical issues are dissected and innovative solutions are explored, ensuring that businesses are not only equipped to thrive today but are also prepared for the challenges and opportunities of tomorrow by providing a base for a continuous long-term relationship for business, investment, networking opportunities to flourish and to crate space for the SMEs, the young aside from the conventional big forum or large players,” he said.
Malaysian participants can also expect to gain valuable insights into the evolving economic landscape of the Middle East and its integration with global markets, which could be pivotal for strategic planning and expansion and also capitalise on the significant economic shift from West to East, positioning themselves advantageously in the changing global landscape.
This shift is particularly relevant for businesses looking to explore opportunities in the MENA region. The forum will offer insights into how Asian economies, especially in the Middle East, are becoming pivotal in global economic dynamics.
The 14th edition of the World Islamic Economic Forum (WIEF) is set to take place at the Abu Dhabi National Exhibition Centre (ADNEC) from 6 to 8 February, 2024. Hosted by the Abu Dhabi Department of Economic Development (ADDED), this flagship event aims to forge a sustainable future by tackling vital challenges, exploring novel opportunities, and showcasing innovative strategies and solutions for socio-economic advancement.
Launched in 2005 by the WIEF Foundation, the forum serves as a vital platform for dialogue and knowledge exchange among senior government officials, academics, and business leaders worldwide. With the theme “Global Economic Agenda: Shaping a Sustainable Future,” the 14th edition will bring together influential leaders, policymakers, scholars, and industry experts to engage in discussions that will shape the future of the global economy.
“We have to ensure that the foundation and Forum continues to be relevant in bringing business networks together for a sustainable future while bridging or creating opportunities from micro economic environment and social balance to a global ecosystem. It’s a fallacy to think that the forum is merely a platform to bring together for Muslim based businesses, it is a base where all businesses interact to build a positive global society; instead of spending of war efforts,” Syed Hamid said.
On the venue this year, Syed Albar said Abu Dhabi, as the host city for the 14th World Islamic Economic Forum, offers a plethora of opportunities for Malaysian businesses looking to explore new horizons, especially in the context of the global economic shift from West to East. As a rapidly developing economic hub in the MENA region, Abu Dhabi presents a strategic location for Malaysian enterprises seeking to tap into emerging markets and leverage the Eastward economic momentum.
Abu Dhabi provides extensive opportunities for Malaysian businesses to explore new ventures, expand their market reach, and establish strategic partnerships as well as enhancing their global presence.
Features Of 14th WIEF
The World Islamic Economic Forum (WIEF) this year will see key discussions on the transformative role of technology, the global economic outlook, and the journey towards achieving net zero, reflecting the forum’s commitment to addressing pressing global issues with insightful side sessions with panel discussions on critical subjects such as green Islamic finance, youth empowerment, digital health & AI, the role of the halal industry, and food security.
These sessions are designed to foster deep discussions and provide actionable insights, empowering participants with knowledge and strategies to navigate the challenges in these vital areas. This blend of plenary and side sessions underscores the forum’s dedication to promoting sustainable and inclusive economic growth.
A standout feature is the Business Exchange Lounge, where businesses can expand their reach by hosting a networking table. This setup includes a 7-minute elevator pitch followed by networking with interested attendees at designated tables. This innovative programme has been effective in enhancing business visibility and fostering new relationships and networks, thereby expanding enterprises and increasing participant engagement.
Apart from that, 14th WIEF also features Scale Up, a unique platform that allows local and international startups to pitch their business ideas to a panel of judges.
All in all, it’s an excellent opportunity for emerging businesses to expand their ideas, explore potential partnerships, and seek funding and networking opportunities. This segment of the forum is tailored to foster innovation and support the growth of new business ventures, adding another layer of dynamism to the event.
The Forum aims to be catalytic in creating new opportunities to build on the new ecosystem for different sectors of the existing and future industries through business exchange by citizens globally. It is a ground where knowledge can be attained to scale up almost any industry and learn from the successes of others. It’s a platform to not just grow their businesses, but also to contribute to the global dialogue on economic development, Syed Haid said.
Participation
Malaysian businesses can register by visiting the WIEF website, www.14thwief.org.
Participating in the 14th WIEF is an opportunity for Malaysian businesses to gain global exposure, access new markets, and collaborate with international partners.
