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MedaWeek Barcelona 2023 concludes with a call for economic development in the Mediterranean amid uncertainty and conflicts
It was reported that 1,200 people attended the 17th edition of MedaWeek, the Mediterranean Week of Economic Leaders, held at the Llotja de Mar in Barcelona on November 15 and 16, 2017, and another 500 were able to attend via streaming, all of whom are from over 25 countries spanning the Mediterranean region, Europe, and Africa.. Organized by the Association of Chambers of Commerce and Industry of the Mediterranean (ASCAME) in collaboration with the Chamber of Commerce of Barcelona, this is one of the most important socio-economic summits in the Mediterranean region.. There is no doubt that the current geopolitical crisis in the region has resulted in a successful mobilization and bringing together of major Mediterranean institutions There is no doubt that the current geopolitical crisis in the region has resulted in a successful mobilization and bringing together of major Mediterranean institutions There were twelve forums held during MedaWeek Barcelona 2023 during which leaders of these institutions, entrepreneurs from various sectors, and international experts discussed and offered solutions to the current challenges facing the Mediterranean for the two days. There are many challenges to be faced in this region, including climate change, digital connectivity in the countries of the region, female entrepreneurship, sustainable transition, and business opportunities in sectors like Islamic finance, health, and tourism. A total of 12 forums were held during MedaWeek Barcelona 2023, during which leaders of these institutions, as well as entrepreneurs from various sectors and international experts, discussed and provided solutions for current Mediterranean challenges over the course of two days. There are many challenges faced by this region, such as climate change, digital connectivity, female entrepreneurship, sustainable transition, and business opportunities in sectors such as Islamic finance, health, and tourism.It was agreed by all participants that these challenges cannot be successfully addressed unless we find peace through diplomatic means in our region in order to effectively address them..In the words of Anwar Zibaoui, the general coordinator of ASCAME, "it has been a great challenge to hold MedaWeek at a time when there are wars and violence raging in some countries within the region.".."I believe the significant participation we have had from the regional private sector is a reflection of their commitment to the building of bridges of understanding and peace in the region, as well as their commitment to the development of the region's economy.".As part of this gathering of Mediterranean economic leaders in Barcelona, Ahmed El Wakil, president of ASCAME, took advantage of the opportunity to call for a more protective approach and more cooperation, as well as a stronger multilateralism and alliance system."As part of this gathering of Mediterranean economic leaders in Barcelona, Ahmed El Wakil, president of ASCAME, took advantage of the opportunity to call for a more protective approach and more cooperation, as well as a stronger multilateralism and alliance system."ASCAME's New Agreements to Enhance the Competitiveness of the MediterraneanASCAME has announced several initiatives that will have a lasting impact on the region's prosperity and sustainable development during MedaWeek Barcelona 2023. The first step is to establish a regional council on climate change in the Mediterranean, which is intended to stimulate private sector participation and collaboration in this collective battle that encompasses the entire region, in addition to fostering government and civil society involvement.Furthermore, ASCAME takes a significant step forward in its efforts to address the digital gap that exists among Mediterranean businesses as well. The MedaWeek Barcelona 2023 sessions pointed out that increased digital connectivity among Mediterranean countries would lead to the increase of female entrepreneurship, an improvement in employment rates in developing countries, as well as facilitate the necessary transition to a more sustainable future, which should include the incorporation of green technologies across all sectors of the economy.. In one of these sessions, for instance, Digital Realty, the largest provider of cloud and data center services that are carrier neutral, presented its proposal for the creation of a digital interconnection through submarine cables between all Mediterranean countries.. It is expected that Digital Realty will be able to increase by a factor of ten the capacity of submarine cabling for data transfer in the Mediterranean by 2027 It is expected that Digital Realty will be able to increase by a factor of ten the capacity of submarine cabling for data transfer in the Mediterranean by 2027The Association of Economic Leaders for Africa, Europe, and the Middle East has announced that the Summit will be held in Egypt in May 2024, which will bring together all three continents to share a common message. It will be a new opportunity to discuss and find common solutions to challenges such as the impact of the geopolitical context on the Mediterranean economy, the latest technological trends transforming industries and sectors, and the new globally projected corridors which will make the Mediterranean a key hub in the global economy.It is noteworthy that ASCAME has made public its agreement with the General Council of Islamic Banks worldwide that it will work together to promote climate financing initiatives and the promotion of sustainable development projects in the region as a way to promote climate financing.As the association representing the private sector in the Mediterranean, the Association of Chambers of Commerce and Industry of the Mediterranean (ASCAME) is a non-profit organization. In addition to bringing together Chambers of Commerce and Industry from 23 countries on both shores of the region, it also advocates for the interests of the private sector and millions of businesses throughout the region.The following person can provide you with more information: Susana GarcaTel.: +34910 001 948 [email protected]The photo can be found at: https://mma.prnewswire.com/media/2281614/ASCAME.jpgThis information was provided by the Association of the Mediterranean Chambers of Commerce and Industry (ASCAME)Receive PRN's top stories and curated news delivered straight to your inbox every week by signing up!
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