Secretary of the Council of Arab Economic Unity: The Arab vision for the digital economy works to advance economic development

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Date: 24 - 05 - 2023

Dubai

His Excellency Ambassador Mohammadi Ahmed Al-Nay, Secretary General of the Council of Arab Economic Unity, participated in the activities of the conference and exhibition of digital economy technologies “Celmes” Middle East 2023, with a speech in which he stressed the importance of strengthening joint Arab action, in encouraging investment prospects with the tremendous natural resources and resources that Arab countries possess. It is waiting for concerted efforts to exploit it according to strategic and legislative frameworks suitable for every Arab country in order to improve the lives of Arab citizens.

His Excellency the Ambassador stressed that the Council of Arab Economic Unity, in cooperation with the Arab Federation for Digital Economy, adopted a common Arab vision for the digital economy that was announced by the League of Arab States in 2018 with the support of the UAE, as a step to pave the way towards building a sustainable digital economy in the region, and strengthening digital infrastructure. necessary to accelerate the implementation of the digital transformation strategy, and advance the process of economic development in the digital age, which would support economic stability in the Arab region and enhance joint Arab action.

It is also an ambitious future vision that came at an important time, and was adopted in November of the year 2022 at the Leaders Summit held in Algeria, as the Arab countries have a great opportunity to make leaps in this vital field, stressing that investing in digital transformation will be feasible and attractive. If it is directed to the Arab region market.

The Secretary General of the Council of Arab Economic Unity stressed that many Arab countries have taken serious and accelerated steps to promote digital transformation initiatives, to increase competition on the global stage. And thus achieve more growth in per capita GDP, value-added production and prosperity for its people.

Pointing to the inevitability of the Arab countries that have not yet caught up with the train of technological progress and digital transformation to accelerate this in order to keep pace with the increasing global changes, especially in the wider spread of the use of the digital economy and the economic prosperity and sustainable development it achieves through its tools. Represented in information and communication technology through the regulatory frameworks and legislation that encourage the expansion of the establishment of these projects.