Coordination meeting of Saudi Ministry of Economy and The Council of Arab Economic Unity on Collaboration for the Common Vision for Arab Digital Economy

Date: 10 - 02 - 2020


H.E. Dr. Ali Mohamed Al-Khouri, Advisor, Arab Economic Unity Council League of Arab States Chairman of Arab Federation for Digital Economy, was received by H.E. Mohammed Bin Mazyed Al-Tuwaijri, Saudi Minister of Economy and Planning, in his office in Riyadh to follow up on the status of the project of the common vision for Arab digital economy, and to discuss the ways of cooperation to implement its most important initiatives across the Arab countries. The meeting was attended by Mr. Turki Abdulaziz Al Hokail, Assistant Minister of Economy and Planning for Councils, Committees and International Affairs, and Mr. Fahad Bin Adnan Al Mansour Deputy Director of GDP Growth at the Ministry of Economy and Planning. H.E. the Advisor, Arab Economic Unity Council League of Arab States, reviewed the updates for the new release of the common vision for Arab digital economy, he also reviewed the amendments on the vision’s pillars, goals and initiatives, and suggested projects. He also reviewed the updated list of pilot projects that reached 52 ones to support digital transformation in all major economic sectors in all Arab countries. From his side, H.E. the Saudi minister of economy and planning commended the vision and the role of the UAE in developing it. He also emphasized that KSA, under the directives of its wise leadership, is very keen to support the cooperation of Arab countries in every aspect. H.E. also emphasized that the common vision for Arab digital economy is a cornerstone that can make a real difference in the Arab economies, through launching a group of partnerships and strategic investments aiming at the interests of KSA and the Arab countries, those would also support creating a stable social and economic environment in the region. It’s worth mentioning that the common vision for Arab digital economy was launched on December 2018 in Abu Dhabi, in the presence of representatives of all Arab countries. It is widely supported by international organizations, and aims at coping with significant global transformations through building sustainable Arab economies, and effective Arab cooperation to achieve the collective goals of development in Arab economies. The vision also aims at technological and legislative infrastructure, and supporting digital transformation plans in vital and strategic sectors in Arab countries.