RIYADH: MD RASOOLDEEN
Published — Saturday 29 December 2012
Last update 29 December 2012 1:10 am
An upcoming Arab Private Sector Forum will witness 21 proposals for development projects, Council of Saudi Chambers (CSC) Chairman Abdullah Al-Mobty said yesterday.
The forum is set to take place in Riyadh on Jan. 12.
The proposals will focus on specific economic sectors, such as food security, small and medium-sized enterprises, agricultural and livestock enterprises, housing, youth employment, and technology related initiatives.
Workshops and presentations will enlighten the audience so they can discuss the best methods to finance and implement the proposals.
Al-Mobty explained that the Arab world would require 70 million jobs in the next decade. “This is an opportunity to gear ourselves to meet the growing demand by introducing new projects to suit the needs of the Arab states.”
The projects would be implemented across the Arab region and would contribute to strengthening the joint Arab economic ventures as well as job creation at a time when the population is growing rapidly.
He pointed out that the new projects would benefit both the public and private sectors. He also noted that those projects were selected based on high-level standards in terms of feasibility, added value and the comparative advantages for countries that would implement them.
The prominent institutions that will present their projects would include the Arab Labor Organization (ALO), the Authority for Agricultural Investment and Development (AAAID), the United Nations Industrial Development Organization (UNIDO), the Arab Industrial Development and Mining Organization (AIDMO), the Islamic Development Bank, the Arab ICT Organization (AICTO), the Public Authority for Housing Welfare (PAHW) Kuwait, and the Arab Center for the Studies of Arid Zones and Dry Lands (ACSAD).