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WEF24: Gulf cities spearhead global investment surge

Julien Hawari, Founder and CEO, Million and Special Edition.
  • GCC cities such as Abu Dhabi, Dubai and Riyadh showcase dynamic growth, rivalling global metropolises, says Julien Hawari, CEO & Founder of Special Edition and Million.
  • He attributes the Gulf's economic boom to transformative business and government practices, and inclusive policies that promote diversity and attract international talent.

DAVOS – The Gulf cities have catapulted to the forefront of global investment and development, thanks to their dynamic and youthful leadership, significantly altering the bloc’s position in the global economy, said Julien Hawari, CEO and Founder of Special Edition and Million.

He was highlighting the transformative growth of Gulf cities such as Abu Dhabi, Dubai, and Riyadh during a recent panel discussion on the future of the Arab world, hosted by TRENDS under the theme ‘The Arab Future.’

Focusing on the unique appeal and burgeoning economic opportunities within Dubai and the broader Gulf region, Hawari drew comparisons with other global metropolises like San Francisco, underscoring the Gulf’s capacity for growth and transformation. This evolution, he noted, not only attracts international events and talent but also redefines the region’s global significance.

Contrary to popular belief, Hawari argued that the Gulf’s burgeoning success transcends its oil wealth, attributing the prosperity to a fundamental shift in business and governmental practices. He emphasized the region’s efficiency and forward-thinking strategies as the real drivers behind its economic boom.

Julien Hawari, Founder and CEO, Million and Special Edition.

Further personalizing his insights, Hawari recounted the story of an individual’s career rebound following the 2009 financial crisis, highlighting the Gulf’s inclusive policy that welcomes diligent workers from all backgrounds. This approach, he believes, is emblematic of the region’s broader ethos of openness and diversity, inviting talents worldwide to contribute to and benefit from its economic success.