Ahmed Aboul Gheit, Secretary-General of the League of Arab States, announced that efforts are currently underway to finalize the “Draft of the New Arab Investment Agreement”. Once approved, the agreement will serve as a cornerstone for enhancing inter-Arab investment and fostering economic integration within the region.
Key Points from Aboul Gheit’s Announcement:
- The New Arab Investment Agreement aims to incorporate global economic trends, including sustainable development, the knowledge economy, and the digital economy.
- The agreement will play a pivotal role in removing investment barriers within the Arab world and fostering a more conducive environment for business.
This announcement came during Aboul Gheit’s speech at the “Ripple Summit 2025”, which focused on supporting entrepreneurship centers within Arab universities. The event was held at the League of Arab States’ headquarters in Cairo.
Emphasizing the Role of Investment:
Aboul Gheit stressed that investment is key to a prosperous future, noting that it drives productivity growth, provides quality jobs, and facilitates the transfer of modern technology. He also highlighted the increasing importance of entrepreneurship programs in driving economic growth and addressing development challenges, such as unemployment and achieving sustainable development goals.
Strengthening Economic Cooperation:
The League of Arab States, based in Cairo, places significant importance on economic cooperation among its member states. Aboul Gheit emphasized the goal of establishing a robust and influential Arab economic bloc that can impact the global economy. He also pointed to the vital role of social and community integration in creating a strong entrepreneurship ecosystem within the Arab world.
