WEF 2022: World Government Summit report reveals roadmap for revival of creative industries

WEF 2022: World Government Summit report reveals roadmap for revival of creative industries

Dubai: Global governments seeking to revive creative industries post-COVID must embrace unique cultures and empower individual stakeholders to maximise growth. This is revealed in a new report released by the UAE’s World Government Summit Organisation (WGS). The five-stage roadmap, produced in partnership with leading consultancy KPMG, recommends several ways for officials to support the revitalisation of the sector. Many of its activities were “disproportionately affected by lockdowns” despite their positive impact on society. The ‘Future of Societies: Reviving the post-pandemic creative and cultural industries’ report indicated that “the return of the cultural sector to growth is not related to cryptocurrencies, key infrastructure, or investment plans. It includes listening to, reflecting upon and addressing common issues”. The paper said: “With cultural venues still closed in many countries, the increase of the number of people who are able to attend cultural events, the creation of related job opportunities and the enhancement of the welfare of stakeholders in the sector will require innovative ways based on stakeholder needs. “Although these methods may not necessarily align with government spending priorities, maintaining open communication between government investment entities and cultural sector components will have a greater impact in the long term”. This highlights the pressing