Emaar founder Alabbar recently made remarks during a lunch briefing held by the Future Investment Initiative Institute, where he discussed the increasing influence of data analytics across various industries. He specifically mentioned how data analytics has played a role in fine-tuning the customer experience at Dubai Mall, located in the United Arab Emirates. He explained how the technology has already given Emaar insights on how to develop its mall infrastructure, indicating that data analytics is becoming increasingly important to business operations.
Alabbar also spoke about the changing political landscape in the Middle East, where he noted a significant shift towards collaboration and forgiveness. He believes that the world is getting smarter and that there is significant change happening in the Middle East. As a result, many businesses and investors are turning to the Arabian Gulf as an area of stability in an increasingly unstable global economy.
Regarding the future of the global economy, Alabbar noted that the US will continue to play an important role, as it is an integral part of the world order. However, he also mentioned that global politics will increasingly move towards a multi-polar world, with China and the US competing for power and influence. He sees this competition as positive for the Middle East, as the two global powers will compete for business, potentially leading to greater economic opportunities for the region.
Alabbar also expressed his belief in the ability of young people to shape the future of the world. He stated that the abilities of the next generation are incredible, and that he believes young people will save the world. Overall, Alabbar’s remarks highlighted the increasing importance of data analytics in business operations and the changing global political landscape, which he believes will present new economic opportunities for the Middle East.
