Morocco Travel Information

Billion dollars loss of Arab investors in financial crisis

A good source available to Arab investors lost a total of 240 billion dollars by the global financial crisis, which affected the economies of Western countries.
Arab investors and found that investment in Arab states and the more safer investment in the West, risky by crises, especially the Arab region has not significantly affected by the global crisis.

A source from the Ministry of Employment and Vocational Training to the Arab Labor Organization decided, on the sidelines of the Rabat Forum on the Development and Employment, organized in partnership with the Ministry of Labor, proposed a feasibility study for a financial institution to invest in the Arab world, as far as capital between 2 billion and 5 billions dirhams.

The source added that this institution is open to investment by Arab investors only, to complete the projects in the total Arab countries, particularly Morocco, Tunisia, Sudan and Egypt.
It was decided that the Qatari capital, Doha, the venue for this investment institution, which will focus its investment on promising sectors such as fertilizer Alphusvatip, agriculture, tourism and cement.

According to the source, Morocco, in the person of Ogmani Jamal, Minister of Employment and Vocational Training, communication cost recommendations, formally, during the next Arab economic forums (Kuwait in January 2009, Qatar in November next).

The forum was organized in a series of events organized by the Arab Labor Organization with other relevant agencies to prepare for the Arab summit and the economic and social development, to be held in Kuwait in January 2009.

Participated in the work of the Forum, organized in partnership between the Ministry of Employment and Vocational Training, and the Arab Labor Organization, the Arab Organization for Industrial Development and Mining, and the participation of the Arab League and Ayfum, in addition to the International Confederation of Arab workers and some labor organizations, and representatives of the organizers of the Forum, more than 200 people , Organizations representing employers, and officials from the ministries of labor, industry, trade and investment organizations in the Arab countries.

He appealed to participants in the Forum Summit on economic and social future, in Kuwait, the adoption of the Arab Program to support the operation, with its projects and integrated to meet the challenges of development facing the region.

The participants also called summit Kuwait's economic and social approval to the proposed establishment of the Arab Industrial Development Bank, sponsored by the Arab Organization for Industrial Development and Mining, which "will have an important role in providing funding for Arab industries, especially small and medium-sized." They called on the parties to the production and various Arab-related development and operation of the adoption and application of the professional classification of the Arab common in 2008, "which will help in facilitating the employment between the Arab countries", and demanded Arab countries to the strengthening of the tripartite principle of policy formulation, legislation, programs, labor market, " Preserving the rights of workers and raise their productivity and competitiveness. "

The participants recommended that the Arab countries, the Arab Labor Organization and all Arab organizations and bodies, to pay "more attention to women's empowerment and help them to increase their participation in economic activities, investment capabilities and production capacity."

And recommendations of the participants in the Forum of Arab governments to develop and advocate the development of legislation, and to accelerate the adoption of remedial action required to initiate governance, and improve the business environment, and easing restrictions and impediments to investment, and encourage the private sector to contribute effectively in providing more job opportunities.

He called on participants at the conclusion of the Forum, the Arab countries to "implement the software able to improve the quality and efficiency of the workforce, and stimulating the demand side of the business, while encouraging individual initiative and self-employment, provision of appropriate mechanisms to establish and develop small and medium enterprises through support for the project to support the The capacity of small enterprises, branches out from the integrated program to support employment and reduce unemployment. "

Participants also urged the private sector to "increase commitment to the principles of sustainable development and corporate social responsibility, and directing more investment to the Arab countries, to establish and develop projects, and participation in bodies and committees and councils concerned with improving the quality of education, technical and vocational training, and to be involved in curriculum design and programs and funding And attention to the diversification of investment base, to affect the development of non-traditional sectors, such as research in science and technology, marketing, investment and patents, and research results. "

The participants recommended the Arab Organization for Industrial Development and Mining Organization orientations support for the establishment of the Arab Industrial Development Bank, and invite the private sector to contribute to it,
And the establishment of the gate industry, and support the establishment of the Arab investor club, and seeking to organize the Arab Industrial Forum, the International Observatory of Arab support for the establishment of modern technologies and science future.

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