Nicholas Davis, the World Economic Forum’s head of society and innovation, spoke at an WEF meeting in Dubai about a report he had co-authored on shaping the future of the Fourth Industrial Revolution.
He said that Egypt has a large number of technology users and pioneers in this field, but that the most important thing is the ability to retain these young people and benefit from them, instead of leaving them to emigrate, and to do so through a clear vision for the recruitment of young people.
"There is a gap between developed and developing countries in planning for the future and anticipating technological developments," he commented, on the sidelines of the gathering of the Annual Meeting of the Global Future Councils.
He said that legislation is one of the most important challenges of the Fourth Industrial Revolution, and preparations must be made to avoid a delay in the issuance of laws, as happened in the past.
Davis said that the Arab countries should accelerate the transition from being consumers of technology to being producers, adding that the path to this must be through education and scientific research.
He highlighted a global initiative supported by the World Economic Forum to create an open platform for the African continent to achieve sustainable development.