The World Economic Forum has appointed Khaldoon Khalifa Al Mubarak, Managing Director and CEO of Mubadala Investment Company, as the Chair of the International Business Council (IBC). This decision marks a significant recognition of the growing influence of the UAE in shaping global economic policies.
With this appointment, Al Mubarak becomes the first individual from the Middle East to lead this esteemed council since its establishment, serving a two-year term and heading one of the key strategic platforms of the World Economic Forum.
The International Business Council is a strategic advisory body linked to the World Economic Forum, comprising around 100 prominent CEOs from various global sectors.
This council serves as an exclusive platform for some of the world’s most influential business leaders, such as those from McKinsey and Iberdrola, who regularly participate in the Davos sessions to exchange insights on future leadership in the 21st century and responsible innovation. It includes over 120 senior executives and chairpersons from major multinational corporations.
The council aims to enhance the role of the private sector as a key partner and active player in addressing rapid global challenges, whether economic, environmental, or technological. It also seeks to foster collaboration between businesses and governments on governance, sustainability, and inclusive growth.
Additionally, the council acts as a strategic link for formulating and discussing major decisions and initiatives that are put forward in anticipation of the World Economic Forum’s annual meetings in Davos.