Arab leaders seek to create 70 million jobs in 10 years



ABDUL HANNAN TAGO

Published — Friday 11 January 2013

Last update 11 January 2013 5:44 am

| نسخة PDF Print News | A A

RIYADH: Top business and political experts and leaders gather in Riyadh tomorrow to discuss pressing economic issues facing Arab countries, including freeing up trade flows, protecting investments and creating millions of new jobs.
The two-day Arab Private Sector Forum (APSF-2013) brings together 500 delegates. The joint organizers of the event are the Council of Saudi Chambers (CSC), General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries (GUCCIA), and the General Secretariat of the Arab League.
This event comes on the eve of the major Arabic Economic Summit that takes place on Jan. 21.
Prince Saud Al-Faisal, foreign minister, will address the gathering as the chief guest.
Delegates will discuss the implementation of an Arab free trade agreement; protecting and enhancing investments between businesses and governments; and creating more than 70 million jobs over the next 10 years.
Abdullah bin Saeed Al-Mubti, CSC president, thanked Custodian of Two Holy Mosques King Abdullah for supporting such an important gathering and helping to promote economic cooperation in the region, especially between the public and private sectors.
Al-Mubti, in comments posted on the CSC website, stated that there was a need to enhance Arab trade including joint action such as the Arab Customs Union, the Arab Joint Market, and the Arab Free Trade Area.
He said many issues raised at this two-day meeting will be discussed at the Arab Economic Summit on Jan. 21.
Commenting on the importance of the forum, President of GUCCIA for Arab Countries Adnan Kassar, said that it demonstrates the commitment of the private sector to economic and social development, particular in view of the recent global economic crisis.
Kassar said the delegates will determine what issues will be discussed at the Arab Economic Summit. This includes developing small and medium-sized businesses, Arab food security, social housing, industrial development, information technology and job creation for young people.

What's happening around Saudi Arabia

Custodian of the Two Holy Mosques King Salman arrived here yesterday evening on an official visit to the United States of America at the invitation of the US President Barack Obama.At Andrews Air Force Base Airport, he was received by US Secretary of...
JEDDAH: The government has banned the use of liquefied petroleum gas (LPG) for cooking at the holy sites during the Haj this year. Vice Custodian of the Two Holy Mosques Mohammed bin Naif, interior minister and president of the Supreme Haj Committee,...
RIYADH: The government plans to pay SR500,000 in compensation to the family of every person, regardless of nationality, who died from the deadly Middle East Respiratory Syndrome (MERS) coronavirus in the Kingdom, the Ministry of Health announced on T...
RIYADH: The Ministry of Health has launched a program to vaccinate all public and private sector workers on Haj duty this year.Launching the program at the ministry’s headquarters here on Thursday, Tarif Al-Ama, undersecretary for treatment services...
JEDDAH: Makkah Gov. Prince Khaled Al-Faisal was briefed Thursday about Murooj Jeddah residential project, located in the eastern part of the governorate. Representatives of the Jeddah Development and Urban Regeneration Company, the executing company...
ANKARA: The Kingdom plans to highlight the country’s economic progress and influence globally at the meeting of G-20 Ministers of Labor and Employment here this week, said Mufrej Al-Haqabani, Saudi Arabia’s labor minister. In a statement to the Saudi...

Stay Connected

Facebook