World still narrowly segregated into political blocs, Widodo says at WGS 2023 in Dubai


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Indonesian President Joko Widodo says the world is still narrowly segregated into country blocs that need to be broken down.

That countries with coronavirus vaccines dished them out to friends and allies before making them available to others was case in point, he told the World Government Summit in Dubai in a pre-recorded address.

Mr Widodo, the leader of one of the world's most populous nations with 270 million people, said the pandemic had put the spotlight on how many nations had been left behind.

We must never see again a situation where vaccines, medical equipment and medicine are associated with political blocs
Joko Widodo

“It is imperative for multilateralism to be strengthened in order to save and build the world,” he said.

“The problem we face cannot be compartmentalised.

“However, the fact is that the world is currently divided into blocs. This is a significant challenge that must be addressed by the world today.

“Strong division of blocs among superpowers must be stopped immediately.”

He said humanitarian issues should not be addressed based on global political blocs.

The pandemic shed light on how divided the world was, with poor countries not having enough access to vaccines as compared to others.

“We must never see again a situation where vaccines, medical equipment and medicine are associated with political blocs,” said Mr Widodo.

“If we are not able to avoid political blocs, we should at least dismiss this factor when it comes to humanitarian issues.”

“Inequalities among countries have made it difficult to deal with our common challenges. Financial, technological, human resources and industrial inequality have proved to be an impediment to dealing with global crises.

“Inequalities in focus and energy supply and manufacturing must also be reduced.”

He also touched on how Covid-19 taught the world an extraordinary lesson.

“Three years ago, at the beginning of the pandemic, the world was powerless. Not only low and middle-income countries were struggling, but also high-income countries were left unprepared against the pandemic,” he said.

“We have learnt many lessons from the challenges of the past three years. First, there is no safe salvation; rather, there is shared safety. No one is truly safe until everyone is safe. Therefore, a shared safety agenda must be prioritised by all countries.”

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Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

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Japan

5

Norway

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Canada

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Singapore

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Australia

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Saudi Arabia

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Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties

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Updated: February 15, 2023, 11:04 AM`