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Arab League Secretary-General Ahmed Aboul Gheit extended his sincere thanks and congratulations to Lebanese President Michel Aoun, who wished Lebanon the successful presidency of the Arab Economic Summit, as well as King Salman and the United Kingdom. of Saudi Arabia for the wise management of the previous session.
Abul-Gheit said that this summit came after six years of interruption, pointing out that "there is no real stability of the country without economic growth".
Abul-Gheit stressed that the path of development is clear and well-known and that Arab countries should adopt it like other nations before it, which will only be possible with fixed economic growth rates of at least 7 or 8% per year. The Secretary-General of the League of Arab States said the region was facing major crises and economic problems.
Aboul Gheit praised the efforts of some Arab countries in the areas of infrastructure, communications and transport, but this remains without what the Arab nation aspires to do. He stressed that the Arab region needed more to combine its economies to avoid economic shocks related to certain sectors such as energy.
Abul-Gheit pointed out that there were ambitious financial institutional reforms, but that the path of development was still in its infancy, adding that knowledge and innovation were the greatest source of economic value.
He stressed the need to bridge the digital divide with other countries around the world, pointing out that the main gap that separates us from the changing global economy is the result of poor finances and capital. Abul-Gheit said the Arab world was the youngest population in the world and that if it was not used, it would become a tool in the hands of terrorism. He added that the future of this nation will only be built to accept each other and overcome the differences between us.
Abul-Gheit said that more than 4 million Syrian children had left school since the beginning of the war seven years ago, representing 20% of the population of the Arab world.
He said the Arab governments should face the difficult issues of providing food to more than 350 million Arabs, conserving scarce water resources, using clean and renewable energy, combating climate change and to promote the liberalization of intra-Arab trade, which remains modest at 12%. .
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