Bruna Garcia Fonseca
São Paulo – Bahrain’s capital Manama is hosting the 18th Arab Businessmen and Investors Conference (Abic) from November 11 to 13, under the theme “4th Industrial Revolution Shaping the Future Digital Disruptions for a Better Tomorrow.” The Arab Brazilian Chamber of Commerce’s Institutional Relations manager Fernanda Baltazar and statutory board member Claudia Haddad will be in attendance.
The conference is designed to encourage investment in entrepreneurship and digital innovation in the Arab world and improve regulatory cooperation in the sector among Arab countries.
The event will also cover opportunities and challenges in industry 4.0 for key public and private sector stakeholders; understand the need to move ahead and align with global developments and disruptive innovations which are driving major breakthroughs across many industries and sectors; empower the audience with the knowhow needed to effectively be part of the transformation that Industry 4.0 is bringing; and emphasize on the need to embrace technological innovation as a means of fostering entrepreneurship and productivity.
According to the Arab Chamber’s Fernanda Baltazar, Bahrain is one of the Gulf’s premier investment-oriented economies and a regional finance hub. “The interesting thing about this conference will be the discussions on innovation and the digital revolution that the Arab world is going through. This is very clear to see, especially in major markets like the UAE, Saudi Arabia… In other words, the Gulf region, where a lot of talk and investment is going into artificial intelligence, blockchain and international ecommerce regulations. All of that is part of the changes wrought by industry 4.0,” she said.
The executive believes that joining the conference will be an important step for the Arab Chamber in figuring out how the Arab world’s position in this new scenario. “And then to bring that into discussion with the public and private sectors back in Brazil, because this impacts new business flows between the regions,” she argues.
The event is organized and supported by the Bahrain Chamber of Commerce & Industry, the Union of Arab Chambers, the Arab League, the Arab Investment and Export Credit Guarantee Corporation (Dhaman) and the United Nations Industrial Development Organization’s Investment and Technology Promotion Office in Bahrain (UNIDO ITPO Bahrain).
The 3rd World Entrepreneurs Investment Forum (WEIF) will take place concurrently with the conference.
Translated by Gabriel Pomerancblum