Tawfik Hammoud: The world is changing, but Morocco stands out

Tawfik Hammoud: The world is changing, but Morocco stands out
Tawfik Hammoud: The world is changing, but Morocco stands out

The rise of artificial intelligence

Another major issue addressed by Hammoud is the rapid development of artificial intelligence (AI). “While technological progress has marked the last 40 years, AI represents an unprecedented revolution, accelerating human and economic advances exponentially, a phenomenon difficult to fully grasp with a mind operating in a linear manner,” he said. he noted. AI will transform crucial sectors such as healthcare and national security. “It will notably make it possible to democratize access to care via tools such as smartphones, facilitating early diagnosis of diseases such as diabetes or cancer, while promoting early interventions,” he explained. “AI will also play a strategic role in national security and productivity. » While the United States and China dominate this area, countries like the United Arab Emirates are also emerging with ambitious initiatives. Hammoud believes that Morocco, by investing in innovation and emerging technologies, has the opportunity to position itself as a regional leader.

Climate and energy issues

Climate change, linked to questions of energy and sovereignty, is also at the heart of Hammoud’s concerns. “The planet is warming, and the cost of inaction is becoming unsustainable,” he warned, estimating the amount needed to meet the climate challenge at $9 trillion. For him, “the funds exist, but are often concentrated in private hands, such as sovereign funds or private equity”. He considers that the fight against climate change is above all a question of national security, and must be treated accordingly. However, Hammoud is optimistic about technological progress. “Hydrogen, solar and wind are close to mass adoption,” he said, before emphasizing that Morocco has significant potential in these areas. He even suggested that “nuclear is an option worth exploring” by Morocco.

A major demographic asset

Hammoud also addressed the issue of demography, highlighting the paradox faced by certain Western democracies, such as the United States, where despite their power, a majority of the population believes that the living conditions of their children will be less favorable. Furthermore, the rapid aging of the world population is another challenge, with a notable increase in the number of centenarians. Hammoud highlighted the potential of Africa, which will have 2.5 billion inhabitants by 2050, the majority of whom will be young and at the start of their careers, thus offering a rapidly expanding market. Although the business environment in Africa is perceived to be difficult, he believes that companies and countries that choose to ignore this opportunity are making a serious strategic mistake.

For Morocco, this demographic asset is an opportunity. “The country must capitalize on its young population to strengthen its development and attract talent,” he insisted. Hammoud remains convinced that Morocco must maximize this demographic dividend to consolidate its position on the international scene.

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