AMMAN — Hamdi Al Tabba'a, the chairman of the
Amman-based Federation of Arab Businessmen (FAB), recently called on Arab countries to
adopt modern development strategies that prioritize growth through the use of
advanced technology in production processes.
اضافة اعلان
According to the Jordan News Agency, Petra, he discussed the
need for regional development initiatives and urged Arab governments to focus
on specific priorities to enhance economic growth and development.
Regional development strategiesThe chairman emphasized the importance of ensuring food
security and strengthening the strategic stock of basic food commodities to
combat climate change repercussions and food-price fluctuations.
He also stressed the need for investing in
digital technology to digitally transform the Arab world and improve human capital by
enhancing skills, education, and keeping pace with regional labor market
developments to reduce joblessness.
Digital technologyTabba'a further emphasized the need for Arab countries to
adopt economic and financial strategies that enhance the efficiency of managing
public money, diversify income sources, and promote sustainability.
He said such strategies can help strengthen financial
systems and regulate financial institutions, banks, financial markets,
insurance companies, and exchange shops, reducing their vulnerability to
external shocks caused by financial and economic crises in the world.
Reducing external shocksTabba'a went on to say the Arab world needs also to focus on
implementing development projects, particularly those between the public and
private sectors to enhance economic growth and sustainable development goals as
well increase reform programs for economic diversification, support their
export sectors, and increase product Arab competitiveness to compete globally.
He ended by saying the Arab business community plays an
important role in providing jobs, employing local labor across the region,
creating-investment-based job opportunities, advancing the Arab economy,
improving infrastructure and achieving sustainable development.
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