UAE inspires regional growth

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UAE inspires regional growth

Emirates is committed to development through partnerships, al Jaber tells WEF.

By (Staff Report)

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Published: Sun 24 May 2015, 10:35 PM

Last updated: Fri 26 Jun 2015, 12:24 AM

Dr Al Jaber and King abdullah discuss political and trade ties between the Uae and Jordan. — Supplied photo

Dead Sea, Jordan — Education, youth employment, women’s empowerment and public-private partnerships are key to ensuring sustainable economic growth and stability in the Arab world, accord-ing to UAE Minister of State Dr Sultan Al Jaber.

The minister, who led a high-level UAE delegation to the World Economic Forum on the Middle East and North Africa in Jordan, said the UAE leadership has long recognised the critical importance of transitioning from a resource-based economy to an economy that is based on knowledge and innovation.

“A highly educated, skilled and motivated workforce has the capability to jump-start economic growth and foster job creation and entrepreneurship,” Dr Al Jaber said at the forum.

The three-day event, which con-cluded on Saturday, brought together 800 key Middle East and North Africa (Mena) region leaders from government, business and civil society to support a comprehensive blueprint for prosperity and peace, based on a framework for public-private cooperation.

“The UAE, in line with our lead-ership’s vision, is committed to contributing to the region’s economic growth and stability. Achieving this goal requires public and private partnerships, with a particular em-phasis on the advancement of youth, education and women’s em-powerment,” Dr Al Jaber said.

During the forum, Dr Al Jaber and the UAE delegation met King Abdullah II of Jordan and discussed the long standing political and trade ties between the two countries.

“The UAE commends His Majesty King Abdullah II for hosting a conference aimed at catalysing partnerships to enhance regional security and growth. These are ob-jectives that are closely shared be-tween the UAE, Jordan and the broader region.” Dr Al Jaber also met Jordan’s Minister of Energy and Mineral Re-sources, Ibrahim Saif. Together they discussed the onshore 117MW Taflia Wind Farm project, which Masdar has a 31 per cent shareholding. The project, due to be completed later this year, will be the first utility-scale renewable energy proj-ect in Jordan, and will account for almost 10 per cent of the country’s 2020 renewable energy target and increase its total power generation capacity by three per cent.

Dr Al Jaber also met Professor Klaus Schwab, founder and executive chairman of the World Economic Forum, to discuss the upcoming Summit on the Global Agenda, which will take place in Abu Dhabi in October.

The Summit will bring together public and private sector leaders of the World Economic Forum’s Network of Global Agenda Councils, comprising more than 80 groups of experts from academia, business, civil society, international organisations and government.

The UAE delegation to the Forum comprised government officials and business leaders, including Shaikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq); Ibrahim Al Mahmoud, vice-chairperson of Abu Dhabi Chamber of Commerce; Mohamed Alabbar, chairman of Emaar Properties; Jamal Al Ghurari, managing director of Gulf Sugar; Abdullah Saeed bin Thani, chairman of Thani Investment Group; Noura Al Kaabi, CEO, Media Zone Authority-Abu Dhabi; Dr Ahmed Behoul, Masdar CEO and Fahad Al Tafaq, Director of the Department of Economic Affairs and International Cooperation, UAE Ministry of Foreign Affairs. —

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