Aboul Gheit: Arab countries need more to work to diversify economies to protect them from fluctuations

Ahmed Aboul Gheit, general secretary of the League of Arab States, said that the Arab Development Summit, which takes place in Beirut after six years of absence due to the terrible events that occurred in the Arab region, has faced some countries with various political and security challenges. Comprehensive development and response to crises and social problems that often accompany growth and modernization.

During his speech at the Arab summit held in Beirut, Abul-Gheit said that the facts witnessed by the Arab world in its modern history have shown that development, security and stability are all rings in one coherent system: there is no one continuous development without an umbrella of stability and security that protects it from adverse returns and mishaps. , And ensure the continuity of its journey without interruptions and a real stability and sustainability without global growth that affects all aspects of human life and increase and improve quality.

The Secretary General of the League of Arab States emphasized that the path to development has become known: many measures have been taken and determinants and requirements have been established: the first is to achieve high rates of economic growth of at least 6 or 7 percent for a long period of time. In the rate of economic growth expected in the Arab region, which is 2.7% this year, but these rates are still insufficient to achieve the desired development boom, as well as continuity and continuity depend on the stability of the political situation and security that some of our countries and communities still pay for His absence during high or past

Aboul Gheit said that despite the considerable efforts made in recent years in terms of improving economic conditions, particularly in the infrastructure, transport and communications sectors, the Arab region is still far from launching its potential and reaching its aspirations. And there is a greater need to work to diversify economies to protect them from the fluctuations associated with energy prices, emphasizing that there is also a need to improve the business environment and improve competitiveness and stimulate culture of entrepreneurship and entrepreneurship, and there is progress we all see on this basis However, with some exceptions, the region still lacks sufficient volume of economic activity with high productivity and added value, and is not even ready to engage in the economy. Digital – the economy of the future – based on innovation and creativity.