He emphasized that philanthropy should be seen as a strategic tool, not merely the act of wealthy donors giving money, and that it can act as a catalyst to de-risk and crowd in private investment, particularly in sectors such as technology and social entrepreneurship.

Jafar, CEO of Crescent Enterprises and chairman of Gulftainer, noted that philanthropic capital is often underestimated globally, with private philanthropy in the U.S. surpassing $600 billion in recent years and global philanthropy reaching around $2 trillion annually.

He argued that aligning capital across philanthropy, business, and government creates a multiplier effect that can accelerate development and humanitarian outcomes.

According to Jafar, strategic philanthropy helps address pressing challenges including regional conflicts, political extremism, refugee crises, and environmental issues, complementing government aid and development programs.

He also discussed his book, “The Business of Philanthropy: Perspectives and Insights from Global Thought Leaders on How to Change the World,” which features interviews with 50 leading philanthropists including Bill Gates, Kristalina Georgieva, and Razan Al-Mubarak.

The book’s provocative title aims to challenge the business world to learn from philanthropy while encouraging philanthropists to adopt strategic approaches informed by business principles.

Jafar stressed that the combination of public and private capital, when effectively coordinated, can unlock unprecedented opportunities for investment and social impact.

Growing up in Sharjah, Jafar credited his family with instilling a strong sense of giving and responsibility to the community, and he donates all royalties from his book to the International Rescue Committee to support children affected by armed conflict.

He highlighted that modern philanthropy goes beyond charity, acting as a significant part of the global capital system, often regarded as peripheral or viewed with suspicion, but with the potential to address some of the world’s most urgent humanitarian and development challenges.

Speaking at the commemoration of the World Program of Action for Youth, launched 30 years ago, Al-Ibrahim stressed that the younger generation must be at the center of global strategies.

“In a world where many struggle to embrace long-term vision, youth remain the key factor,” he said. “They possess the future more than we ever will. The lessons from our experiences are clear: involve youth, invest in them, and depend on them today.”

Al-Ibrahim highlighted Saudi Crown Prince Mohammed bin Salman as an example of youth-driven leadership, noting that his transformative vision has helped channel the energy and ambitions of Saudi Arabia’s younger generation into tangible national progress.

“It is not merely about population size, but about leadership,” he added, citing Saudi Vision 2030 as “the best model of long-term planning and sustainable implementation.”

The minister also pointed to global challenges facing young people, warning that nearly half of the world’s population is under 30, yet youth unemployment is three times higher than that of adults. Millions remain outside formal education, training, or employment systems.

Al-Ibrahim cautioned that the global community’s response will determine whether demographic trends become “opportunities that bear fruit or burdens that weigh down the entire global system.”