Majid Al Futtaim launches inaugural MENAP Economic Integration Barometer at Davos 2023

Majid Al Futtaim launches inaugural MENAP Economic Integration Barometer at Davos 2023

- The Barometer tracks progress on four key integration metrics: trade, intangibles, capital, and people

Dubai, UAE & Davos, Switzerland: Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa, and Asia, has announced the launch of the world’s first MENAP Economic Integration Barometer at Davos 2023, in partnership with the World Economic Forum and McKinsey & Company.

The Barometer, which has been developed to systematically track progress on an annual basis, will offer a deeper understanding of the status of MENAP economic integration, and the region’s interconnectedness with other world markets.

Ahmed Galal Ismail, Chief Executive Officer at Majid Al Futtaim – Holding, will discuss the Barometer during a special session on closer economic integration that explores how common standards, selective deregulation, the sharing of data and the free movement of goods and services could catalyse inter- and intraregional trade across the region and help unlock its full economic potential.

Designed to trigger dialogue and foster collective action by following the region’s progress across four key metrics - trade, intangibles, capital, and people - the Barometer will provide stakeholders with tools to help standardise the interpretation and definition of economic integration. A major insight from developing