Under the patronage of President of People's Democratic Republic of Algeria Abu-Ghazaleh Keynote Speaker at the 7th African Forum of Investment and Commerce (AFIC7)

AMMAN – HE Dr. Talal Abu-Ghazaleh, founder and chairman of Talal Abu-Ghazaleh Global (TAG.Global), has participated as a keynote speaker at (digitally) in the 7th African Forum of Investment and Commerce (AFIC7), entitled ‘African Production’, under the patronage of the President of the People's Democratic Republic of Algeria, His Excellency Mr. Abdelmadjid Tebboune.

The Forum, which discussed  investment and production opportunities in Africa, included wide participation of experts, stakeholders and ambassadors from several African states. It was organized by the Arab-African Center for Investment and Development (CAAID).

In his opening speech, Dr. Abu-Ghazaleh expressed his pride and happiness in participating in the Forum, saying that the world has moved into a new era, the Knowledge Age, or the so-called ‘Knowledge Revolution’, noting that: “As was the case with respect to the Industrial Revolution or the Agricultural Revolution in the past, today, we are embracing the Knowledge Revolution which means that the future of wealth-creation would be restricted to knowledge creation, taking into consideration that the world’s largest companies are knowledge based businesses.” \Dr. Abu-Ghazaleh explained that the term ‘Knowledge’ refers to information and communication technologies (ICT) which became the source of wealth and knowledge making. “We need to take this matter more seriously than we currently do, especially in this crucial time of moving toward a new world that is driven and managed by knowledge,” Dr. Abu-Ghazaleh said. 

Dr. Abu-Ghazaleh urged decision-makers in Africa, especially in Algeria, to focus on wealth creation requirements;  most notably on infrastructure, calling for more investments in digital communication infrastructure including the so-called knowledge tools.

Dr. Abu-Ghazaleh also expressed his pride that TAG.Global, as an Arab and African institution, succeeded in becoming a global organization that competes with international institutions, pointing to TAG.Global’s close ties with Algeria, where it’s office there was established in 1992. 

Further he stressed the fact that in order to succeed in light of the Knowledge Revolution, you should focus on three basic facilities: The Internet and all digital means of communication; providing citizens with an access to digital knowledge that should be dealt with as a human right; and shifting toward learning for innovation and invention. 

The AFIC7 is one of the biggest African-Arab gatherings that was held this year in its 7th edition under the theme ‘African Production’, bringing together decision makers, experts, researchers, heads of organizations and chambers of commerce and industry and other representatives of relevant institutions from 35 countries.