November 6, 2024
Cairo
The Council of Arab Economic Unity held its meeting in Cairo, Egypt, to discuss mechanisms for developing investment and trade in Arab countries. During the meeting, the Council expressed its appreciation and thanks to the Arab Federation for Digital Economy for the study it presented, entitled “Ways to Promote and Encourage Investment in Digital Transformation in the Arab Region.”
The study addressed innovative visions and practical strategies to support regional efforts aimed at enhancing digital infrastructure, encouraging investment in modern technologies, and creating a stimulating environment for digital entrepreneurship. The Council emphasized the importance of the paper in highlighting the role of digital transformation as a strategic tool for advancing sustainable development and enhancing economic integration among member states.
In this context, His Excellency Ambassador Mohammed Khair Abdel Qader, Secretary-General of the Arab Federation for Digital Economy, stated:
“Digital transformation is no longer an option, but rather a necessity to keep pace with global developments and enhance the competitiveness of Arab economies. We, at the Federation, are committed to providing practical solutions and strategic visions that contribute to creating an advanced and sustainable investment environment that drives economic and social development.”
He added, “The study we presented reflects our belief in the importance of joint Arab cooperation in harnessing digital capabilities to achieve economic integration. We call on all member states to benefit from the proposed recommendations, which we believe constitute a solid foundation for building a prosperous digital economic future that serves the aspirations of our Arab peoples.”
The Council concluded its meeting by commending the pivotal role played by the Arab Federation for Digital Economy in providing strategic visions for achieving economic integration and sustainable development in Arab countries, enhancing cooperation between Arab economic institutions to support the process of investment and trade, and benefiting from the recommendations contained in the study.
