It was a great pleasure to meet once again with Lord Jim O’Neill last week in London alongside the Founder and Group CEO of Apolonia Capital, Dr.Abdulrahmaan Murtadha Al Ansaari. This followed the invitation-only roundtable discussion with Lord O’Neill which I had the privilege of chairing in Dubai last October.
Our conversation built on many of the themes we had explored previously concerning the evolution of the global economic landscape, the future trajectory of BRICS+ and the accelerating shift towards a more multipolar world order.
Since first coining the term “BRIC” during his years at Goldman Sachs nearly two decades ago, Lord O’Neill has remained closely associated with many of the major debates surrounding capital allocation and the transformation of the global economic order.
The continued expansion of BRICS+ is itself highly significant. The grouping now represents nearly 47% of the world’s population and approximately 36% of global GDP surpassing the economic weight of the G7. The growing relative importance of the GCC, ASEAN and Africa, together with the rapidly developing economic and investment links between the GCC and ASEAN regions, are all contributing to the emergence of new strategic alignments and investment corridors.
We also discussed the extent to which BRICS+ is evolving from a primarily economic concept into a broader strategic and geopolitical platform encompassing issues such as energy security, artificial intelligence governance, development finance and the future structure of global institutions.
My sincere thanks to Lord O’Neill for an exceptionally insightful exchange of views.
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