‘Prepare nationals for jobs, rather than create jobs for nationals’
An official from Emaar Properties PJSC, Dubai, urged the Arab world to “prepare nationals for jobs rather than create jobs for nationals,” at a panel discussion on Tuesday.
Mohamed Ali Alabbar, Director-General of the Department of Economic Development and chairman of Emaar Properties PJSC said this could be done by nurturing ambition, optimism and self-belief among young Arabs.
He was speaking at the ‘Global Talent of the Future’ at the Global Competitiveness Forum (GCF) in Riyadh.
Alabbar said that unless the Arab nations make a concerted and sustained effort to develop their human capital, the region would be a bystander to the global economy.
The Middle East as a whole, he pointed out, has one of the fastest growing and youngest population in the world, with around 65 per cent of the population under the age of 25, which comes to 200 million young people.
“If we can nurture this enormous resource, we’ll enter into an era of peace and prosperity. If we cannot, we face a future of dissatisfaction, unrest and economic decline,” he said.
Alabbar said the key to progress in the region is the participation of Arab youth. “We have large reserves of young talent in the region, a pent-up spirit of creativity and productivity. The extent to which we can tap into our most precious resource will determine our future success.”
Governments, he said, must first make investments in schools, universities and research facilities, while also creating the economic conditions for entrepreneurship to flourish.
The forum was held under the patronage of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, of Saudi Arabia, and was organised by the Saudi Arabian General Investment Authority (SAGIA).
This year, more than 1,000 delegates attended the event. Source
Mohamed Ali Alabbar, Director-General of the Department of Economic Development and chairman of Emaar Properties PJSC said this could be done by nurturing ambition, optimism and self-belief among young Arabs.
He was speaking at the ‘Global Talent of the Future’ at the Global Competitiveness Forum (GCF) in Riyadh.
Alabbar said that unless the Arab nations make a concerted and sustained effort to develop their human capital, the region would be a bystander to the global economy.
The Middle East as a whole, he pointed out, has one of the fastest growing and youngest population in the world, with around 65 per cent of the population under the age of 25, which comes to 200 million young people.
“If we can nurture this enormous resource, we’ll enter into an era of peace and prosperity. If we cannot, we face a future of dissatisfaction, unrest and economic decline,” he said.
Alabbar said the key to progress in the region is the participation of Arab youth. “We have large reserves of young talent in the region, a pent-up spirit of creativity and productivity. The extent to which we can tap into our most precious resource will determine our future success.”
Governments, he said, must first make investments in schools, universities and research facilities, while also creating the economic conditions for entrepreneurship to flourish.
The forum was held under the patronage of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, of Saudi Arabia, and was organised by the Saudi Arabian General Investment Authority (SAGIA).
This year, more than 1,000 delegates attended the event. Source
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