Cairo

The Council of Arab Economic Unity held its meeting in the Egyptian capital, Cairo, 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 enhance and encourage investment in digital transformation in the Arab region.”

The study included innovative visions and practical strategies to support regional efforts to enhance digital infrastructure, encourage investment in modern technologies, and create a stimulating environment for digital entrepreneurship. The Council stressed the importance of the paper in highlighting the role of digital transformation as a strategic tool to drive sustainable development and enhance economic integration among member states.

In this context, His Excellency Ambassador Mohamed Khair Abdel Qader, Secretary-General of the Arab Federation for Digital Economy, stated:

“Digital transformation is no longer an option, but a necessity to keep pace with global developments and enhance the competitiveness of Arab economies. We at the Union 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 recommendations presented, 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 praising the pivotal role played by the Arab Federation for Digital Economy in providing strategic visions to achieve economic integration and sustainable development in Arab countries, enhance cooperation between Arab economic institutions to support the investment and trade process, and benefit from the recommendations included in the study.