CAEU announces Arab digital economy plan

CAEU announces Arab digital economy  plan
Ali Al-Khouri, CAEU Advisor (middle) with Vincenzo Aquaro, Chief, Digital Government Branch, Division for Public Institutions and Digital Government - UN DESA and officials from both sides.
Published: 1 December 2018 - 1:53 p.m.
By: Mark Sutton

The Council of Arab Economic Unity (CAEU) has launched a unified plan for the digital economy in the Arab world.

The CAEU, formed by the League of Arab States, has announced 'A common vision for Arab Digital Economy' which aims to boost political and social stability in the Arab World through Digital Economy.

The plan aims at digital inclusion, knowledge-based legislative and technology infrastructure, and public and private frameworks that will boost security, welfare and prosperity for the Arab societies.

Dr. Ali Mohammed Al Khouri, Advisor to the Council of Arab Economic Unity, said that the initiative received the support of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE's Armed Forces.

The UAE's support for the common Arab vision will promote a joint Arab action. Al-Khouri stressed on the importance of the role of technology as a tool to achieve the objectives of sustainable development and economic growth rates through creation of investments opportunities, employment and opening of new markets.

"This initiative will be the foundation to promote the social and economic security for the Arab societies. That is why it is important to cooperate with international organizations and bring together Arab and International thinkers and practitioners for the development of the strategy. Such involvement will ensure global influence and introduction", stated Al-Khouri.

"This is a new model for developing Arab world's economies to tackle global challenges. The UAE is putting its expertise to use to boost sustainable development in the Arab states", Al-Khouri concluded.

The strategy will be presented in an international conference that will be hosted in Abu Dhabi on 16-17th December. The outputs will be presented to the Arab Leaders at the Arab Summit scheduled in March 2019 in Tunisia.

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