Global Investment Summit in London.. Britain attracts the world's rich

LONDON -

The British capital,

trying to restore its financial and economic luster, which was withdrawn from it by the Brexit and the Corona epidemic, by hosting the World Investment Summit, which includes the largest financial and businessmen in the world, and the most influential in the global economic decision.

British Prime Minister Boris Johnson appeared satisfied during his opening of the World Investment Summit for the economic and even political returns that it would bring to his country, directed mainly to the Europeans, China and Russia on the other side of the world.

It appears through the list of participants, led by the founder of "Microsoft" Bill Gates, and the size of the announced investment;

The United Kingdom succeeded in pulling the rug out from France, which was also racing against time to attract foreign investment.

Senior Guests

The capital, London, has once again become a magnet for global economic dignitaries, and by tracking the list of participants in the World Investment Summit, it shows that it received 20 names of the most influential in the financial and economic decision.

The stated goal of this summit is to give a strong impetus to the "Global Britain" project launched by the Johnson government after leaving the European Union.

Among these names are Bill Gates, David Solomon, director of Goldman Sachs, Jamie Dimon, CEO of JPMorgan, and Barclays president Jes Staley, in addition to names. Others run the largest international banking institutions.

Microsoft founder Bill Gates leads the list of participants in the World Investment Summit in London (European)

conflict with France

The numbers game and the conflict of money and business are present strongly at this summit, by comparing what it will attract in terms of foreign investments, and what was achieved by a similar summit in France last summer.

During that summit, French President Emmanuel Macron tried to pre-empt the investment summit in London, and invited 120 foreign executives to Paris.

Indeed, the summit achieved foreign investments worth 3.5 billion dollars, in the presence of the CEOs of the largest American banking institutions.

In a letter addressed to Paris, Boris Johnson confirmed that this summit hosts 320 businessmen in the world, and will generate $12 billion in foreign investments, indicating the superiority of the London summit over its counterpart in Paris.

Attractive numbers

The most important event in this conference - which sends a message to the Europeans - is Britain's success in obtaining a promise from Bill Gates to engage in the "green economy" project launched by the government.

The British government announced the launch of investment projects worth half a billion dollars in green economy projects in partnership with Bill Gates, who promised more support for all technology related to the green economy.

The British government is counting on this funding, in partnership with the American businessman, to develop long-term electric batteries for use in the automobile industry, as well as aircraft with zero carbon emissions and the use of hydrogen instead.

The new agreement between Bill Gates and the British government gives a strong impetus to the climate summit (COP 26), which the United Kingdom is hosting, and is also counting on it to show its diplomatic capabilities after the Brexit stage.

Boris Johnson confirmed that this summit hosts 320 businessmen in the world and will generate $12 billion in foreign investments (French)

confrontation with china

The state of economic impetus and marketing of the slogan "Global Britain" launched by the British government does not depend only on attracting foreign capital or crowding out Europeans for all foreign investments, but rather extends to Asia and the conflict with China.

Britain raised the pace of its negotiations with the Pacific countries to join the "Comprehensive and Advanced Partnership for Trans-Pacific Partnership" (CCTPP), which includes 11 countries in the Pacific region (Japan, Canada, Australia, Vietnam, New Zealand, Singapore, Mexico, Peru, Brunei, Chile, Malaysia).

If the United Kingdom succeeds in entering this agreement, 95% of customs duties on all exports and imports between Britain and the member states of this group will be removed.

According to British media reports, most of the countries in this group agree to the Kingdom's accession, and only a few details remain to announce the accession.

According to the statistical model presented by the British government, the revenues of joining this economic group will add to the state treasury more than 2.5 billion dollars in the long run. This number may be modest, but it opens the door for Britain to enter huge markets, and most importantly, it is closer than China.

China is closely watching British moves near its areas of economic influence, which prompted it to announce the acceleration of the pace of changing many economic legislation, as well as working to adapt the Chinese financial system with group laws to submit the application as soon as possible.

Green Economy Marketing

Britain presents itself as the leader of the "green economy" in the world, and is trying to market this image globally through its plan to achieve zero carbon emissions by 2050, and invest 50 billion dollars in private investments in the field of the green economy by 2030.

According to British government figures, these investments will provide a quarter of a million jobs, or "green jobs" as they are described.

The climate summit (COP26) in Glasgow next month will determine the success of the United Kingdom in marketing this model, which wants to be a leader in this field, with what can attract attractive investments.