State innovation and export funding in the Middle East

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Innovations are of major importance for successful economies: they are an essential growth and employment factor. The development of cutting-edge technologies at universities as well as an innovation-friendly social climate and extensive private-sector innovation provide long-term prosperity.

[Translate to English:] Andreas Klasen (HSO), Hani Salem Sunbol (CEO ITFC), Diana Smallridge (Conference Chair), Oussama A. Kaissi (CEO ICIEC) und Karim Nasrallah (MD LCI)

For decades, industrial nations have been promoting the development of innovative technologies in companies. Professor Andreas Klasen discussed how governments and multilateral development banks in the Middle East support innovations and exports with international participants at the ExCred27 conference in London.

The public sector offers more and more financing and support measures for innovation and internationalisation, especially in countries like the United Arab Emirates or Qatar. Multilateral development banks in emerging and developing countries are now also using a variety of funding instruments to strengthen the innovative capacity of companies and diversify the economy. In this process, innovative financing mechanisms for the promotion of innovations play a central role. Andreas Klasen spoke with Oussama A. Kaissi from the Islamic Development Bank, ITFC Board Chairman Hani Salem Sunbol from Saudi Arabia and Karim Nasrallah from Lebanon about this in London.