Fakeeh Care Group reports 9M-2024 net profit of SR195.3 million, up 49% y-o-y driven by solid revenue growth and robust profitability    GASTAT: Passengers of public transport bus and train soar 176% and 33% respectively in 2023    Harris tells supporters 'never give up' and urges peaceful transfer of power    Italy's 'Libra' to arrive in Albania with just eight migrants on board    South Africa shuts border crossing with Mozambique over poll unrest    French families sue TikTok over harmful content that allegedly led to suicides    HRT does not impact life expectancy — UK health body    Liam Payne's body to be flown back to the UK    Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Neymar suffers muscle tear, out for 4-6 weeks    Arab leaders and heads of state congratulate US President-elect Donald Trump    Building the future of the region's leading aviation hub Saudi Airport Exhibition 2024 to be held on Nov. 11-12    Crown Prince, Pakistan Army Chief discuss ways to enhance military cooperation    Crown Prince hails Saudi medical team that performed world's first fully robotic heart transplant    King Salman and Crown Prince congratulate Trump on winning US presidential election    Heavy Equipment and Truck Show to spotlight Tata Motors' cutting-edge mobility solutions    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Top climber falls to death after rare Himalayan feat    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Global FDI in developing countries set to plunge by up to 50% in 2020
Published in The Saudi Gazette on 18 - 08 - 2020

Global foreign direct investment in developing countries in Africa, Asia, and Latin America is projected to plunge by 25 percent to 50 percent in 2020 due to the COVID-19 pandemic, according to experts.
"This will threaten the world's ability to achieve the 2030 Agenda for Sustainable Development," leading experts from United Nations Industrial Development Organisation, UNIDO, John Cabot University Rome, Kaspersky, the EuroScience Open Forum, University of Tokyo, and CloudMinds told the Global Manufacturing and Industrialization Summit (#GMIS2020) Virtual Edition.
In spite of this, they argued, the pandemic provides an opportunity to accelerate progress towards collaborative solutions to development issues, most notably to advance manufacturing technologies and digitalization.
Dr. Bernardo Calzadilla-Sarmiento, managing director, directorate of digitalization, technology and agribusiness, UNIDO, said that prior to the crisis there was an estimated investment gap of $2.5 trillion per year to implement the Sustainable Development Goals, SDGs, and the current situation risks aggravating this trend, which could amplify existing challenges in global production.
"The fourth industrial revolution has the potential to contribute to increased resource efficiency and help shift toward a more circular economy," Calzadilla-Sarmiento said. "And this is the big opportunity we have to take into account that we need to recover from the pandemic in a different manner."
Dr. Alina Sorgner, assistant professor of applied data analytics, John Cabot University Rome, said advancing gender equality in the manufacturing sector would require organizations to first address the gender skills gap, which is very apparent in both developed and developing countries.
Andrey Suvorov, head of business development, IIoT Cyber Security, Kaspersky, acknowledged the existence of a skills gap and said that certain skills will become increasingly important and relevant for workers in the manufacturing sector to stay competitive in the coming years.
Professor Stefano Fantoni, champion of the EuroScience Open Forum — ESOF 2020 Trieste, and the president of the Trieste International Foundation of Freedom and Progress of Science, emphasized that it is essential for educational initiatives that are aimed at introducing advanced technologies to have practical as well as theoretical learning elements.
Dr. Yusuke Kajihara, associate professor of the Institute of Industrial Science at the University of Tokyo, said that to introduce new technologies, countries need to have the right balance between cyber and physical fields, which in developing countries is often absent.
Bill Huang, the founder and the CEO of CloudMinds, said the introduction of 5G networks would aid the rapid convergence of robot intelligence towards human intelligence for various uses.
Weixi Gong, Chief of the Investment and Technology Promotion Division at UNIDO, concluded the session by saying that Industry 4.0 and Society 5.0 will alter the way we live and work and it is the job of international organizations, such as UNIDO, to ensure that no one is left behind on this transformative journey and that everyone will be enabled to reap the benefits of these developments in the era of the fourth industrial revolution.
Hosted by Yuko Yasunaga, the head of UNIDO ITPO Tokyo, the virtual panel discussion on ‘Exploring the future of manufacturing and industries: Industry 4.0's true potential in advancing the attainment of the SDGs and shaping Society 5.0' is the eighth session of the #GMIS2020 Digital Series that will lead up to the Virtual Summit on Sept. 4-5, 2020.
Through its Virtual Editions, the third edition of the #GMIS2020, a joint initiative by the UAE and the UNIDO, is bringing together high-profile thought-leaders and business pioneers from around the world to shape the future of manufacturing, discuss the impact of pandemics on global value chains, and highlight the role of the fourth industrial revolution, 4IR, technologies in restoring economic and social activities.


Clic here to read the story from its source.