The Middle East is at the centre of a fundamental transformation as global capital flows shift towards new engines of growth, according to Selim Kervanci, Chief Executive Officer, Middle East, North Africa and Türkiye (MENAT) at HSBC Bank Middle East. He said: “Traditional financial centres are adapting to a world where the Middle East and Asia are driving rather than following global investment trends.”
Kervanci was speaking at the HSBC MENAT Future Forum, held in the Four Seasons, Jumeriah, Dubai. In its ninth year, the forum is one of the region’s largest private gatherings of international investors, regulators, exchanges and market participants. With attendance at an all-time high, topping the 800 attendees of 2024, delegates from MENAT markets gathered with global investors to discuss opportunities in the region and particularly its growing corridor with Asia.
Commenting on current liquidity conditions, Kervanci said: “Public and private markets are reshaping investment and capital flows with the Middle East and Asia emerging as the new centre of gravity. Structural reforms across the Middle East, coupled with agile policymaking, have fundamentally altered the region’s investment landscape. The growing opportunities in the two regions are creating one of the most significant shifts in the global economy, driven by the Middle East’s investment-led economic transformation, the GCC and Asia’s rising wealth and the necessity of transitioning to sustainable economies.”
