Arab world to hold talks on economic growth, job creation

World Economic Forum announces special meeting to address issues in the region
Arab world to hold talks on economic growth, job creation
By Andy Sambidge
Mon 17 Oct 2011 07:49 PM

The World Economic Forum announced on Monday plans to hold a special meeting on economic growth and job creation in the Arab world.

It said recent shifts in the Arab world, coupled with an economic contraction at the global level, have created renewed urgency for decision-makers across the region to address the unfolding economic situation.

Responding to this evolving landscape, the World Economic Forum said it will hold the talks in Jordan from October 21-23.

“Job creation has emerged as the key imperative in the Arab World,” said Børge Brende, managing director, Government Relations and Constituents Engagement, World Economic Forum.

“This special meeting will gather key decision-makers from business, government and civil society to address the challenges and opportunities for job creation. Topping the list of essential elements for job creation in this region are employment, education and entrepreneurship, especially among the youth populations.”

The meeting will bring together more than 1,000 participants from more than 50 countries and the programme will focus on best practices in economic policy.

The discussions will be set against the backdrop of entrepreneurship and job creation to drive sustained growth and development in the region, the WEF said in a statement.

The co-chairs will include Mohammed H Al Mady, vice-chairman and CEO, Saudi Basic Industries Corporation (SABIC), Saudi Arabia; Muhtar A Kent, chairman and CEO, The Coca-Cola Company, USA; and Maurice Lévy, chairman and CEO, Publicis Groupe, France.

Nasser Lozi, chairman of the Board of Trustees, King Abdullah II Fund for Development, Jordan, said: “This past year has seen all eyes turned toward our region and we are proud to partner with the World Economic Forum to advance dialogue and collective action in the most critical areas of education and entrepreneurship.”

The meeting will also feature Sheikh Hamad Bin Jassim Bin Jabr Al Thani, Prime Minister and Minister of Foreign Affairs of Qatar; Asif Ali Zardari, President of Pakistan; Traian Basescu, President of Romania; Salam Fayyad, Prime Minister of the Palestinian Authority; and Barham Salih, Prime Minister of the Kurdistan Regional Government, Iraq.

In total, ministers from eight countries will attend along with more than 65 public figures from around the globe, including Tony Blair, UN Middle East Quartet representative.

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.