Riyadh summit .. roadmap to anticipate economic variables


Arab leaders adopted the third development summit (economic and social), which was held in Riyadh on 21-22 January, the auspicious initiative launched by the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, may God preserve him in the historical his address on behalf of His Royal Highness Prince Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of defense.
Word has carried the call to increase the funds of the Arab Common Arab companies and financial institutions capital by at least 50% of the current value, so as to be able to keep up with these entities from the growing demand for financing Arab development projects and support the Arab LDCs.
He called the Custodian of the Two Holy Mosques, in his speech during the opening of the third socio-economic development summit in Riyadh to a rate increase at the discretion of the governors of those institutions, so as to be able to keep up with the growing demand for financing Arab development projects and support the Arab countries, especially the least developed among them, as well as increased capital joint Arab companies list, the same rate as proposed by the boards of directors of those companies, in order to expand its business and strengthen its participation with the Arab capital from the private sector, indicating willingness Saudi initiative to pay its share of the increase to be agreed upon.
Prince Salman also called on behalf of the king during the opening of the summit, to the adoption of the Unified Agreement for the Investment of Arab capital, as amended on the agenda, which hopes to be a factor to attract Arab investments, including availability of the facilities and guarantees. Saudi Arabia announced readiness to support this initiative and contribute to its budget and to enable them to start and put them into practice as soon as possible. He said the Crown Prince during his speech of the Custodian of the Two Holy Mosques: the pressing developmental issues facing the Arab countries has become more difficult and complicated with the recent developments in the Arab world, including important issues such as poverty, unemployment and disease, which requires him to make all efforts to agree on how best to confront and eliminate them . The student also businessmen and investors from the Arabs to seize this opportunity and to benefit than that provided them with the Convention of the advantages, noting that trade between the Arab countries level does not rise to the level of potential and ambitions, which requires hard work and dedication to building the Arab economic integration desired. Prince Salman stressed in his call on the need to complete the Greater Arab Free Trade Area of the requirements before the end of our year, and work to complete the rest of the Arab Customs Union requirements in accordance with the time frame that has been previously agreed upon access to fully implement it in 2015.
Prince Salman welcomed the initiative launched by the Islamic International Foundation for trade finance in order to support efforts to increase the size of the Arab intraregional trade that. He stressed the importance of the role played by the institutions of joint Arab action and the importance of supporting and strengthening their capacities in order to enable it to play its role more efficiently in the active participation of the implementation of the joint Arab projects, especially those that have been agreed in previous summits.
He said that the role of the private sector in the global economy is growing, the Arab and the private sector are invited to take the lead in driving the locomotive of growth in the Arab world, by increasing the volume of Arab trade exchange and investment interphone, and Arab governments to make every effort to overcome the obstacles that hinder the private sector track Arab, the right climate to encourage the flow of inter-Arab investments and create. He pointed Prince Salman to be current and accurate stage in the Arab nation, requires solidarity and intensifying the serious and sincere efforts to overcome the challenges faced by the Member States, and strive towards enhancing joint Arab action, and as reflected positively and significantly on the lives of the Arab citizen, and bring him greatness The sophistication and a decent living.
Investment Agreement
The leaders agreed to call for Saudi Arabia to the decision of the investment agreement, as amended, attracting investments, and as the developmental issues urgent become more difficult with the recent developments in the Arab world, especially poverty, unemployment and disease have leaders agreed in their final statement to contain these challenges through economic and social development gateway issues and bridge the food gap and development through the mobilization of private sector capacity and to facilitate the financing and overcome all obstacles to businessmen in investing their money within the Arab countries and to take the initiative in leading the locomotive of growth and increasing the volume of trade and investment inter-Arab. The leaders committed to creating the right climate to the flow of inter-Arab investments.
Summit decisions
The following is the text of the resolutions issued by the Riyadh summit which on the whole have been built on the initiative contained in the letter of the Custodian of the Two Holy Mosques may God preserve him:
Promote joint Arab action institutions capabilities
Welcome the initiative of the Custodian of the Two Holy Mosques King Abdullah bin Abdul Aziz, calling for increased joint Arab financial institutions’ capital and Pench not less than 50% of the importance of the vital role played by these institutions to cope with the growing development needs and to enable them to contribute effectively to economic and social development in the Arab countries, and work on develop its work mechanisms and procedures to facilitate finances, enabling it to expand its activities and increase the use of its resources. As well as increased funds joint Arab companies’ capital and by no less than 50% and also to ensure the development of their potential to establish a new joint Arab productivity and contributing to the national projects in cooperation with the Arab private sector projects in order to meet the growing needs of goods and services needed by the Arab citizen and contribute to bridging the gap plaguing our nations in many of those goods and services, and provide more job opportunities for citizens.
Encourage two-way investment
Our belief in the importance of investment and its role in upgrading of Arab economic integration and the development of inter-Arab trade and the creation of new job opportunities contribute to reduce unemployment and increase the operating level, reducing the levels of poverty, and the Investment of Arab capital within the Arab countries and using them to promote development and the development of Arab economies of our countries, and to promote the flow of inter-Arab investments, we have adopted the unified agreement for capital investment in the Arab countries (amended) to conform with the latest developments on the Arab, regional and international arena, and to provide the appropriate environment to increase the flow of inter-Arab investments, and work to make the region an attractive area for these investments, confirming our commitment to work on the set in place, and call at the same time the Arab private sector initiative to take advantage of this agreement, which provided the benefits and safeguards, including the Arab businessmen immigrants to exploit the opportunities and contribute to the overall Arab economic development.
We also reaffirm our commitment to creating the investment climate in our countries to enact national laws and legislation that will help to attract more investments and exploitation of natural resources and comparative advantages that characterize our countries.
The development of energy use
On the basis of the need to keep pace with global developments of using different energy sources, we have adopted the Arab strategy for the development of renewable energy use (2010 – 2030 AD) in order to meet the growing demand for energy, and diversify sources and meet the needs of sustainable development, and open the way for the establishment of an Arab market for renewable energy work to provide new job opportunities with the active participation of the private sector, as well as work to support Arab development projects aimed at the development of renewable energy use in all its technologies through legislative, institutional and organizational necessary for the deployment uses the environment is initialized.
Implementation of the Millennium Development Goals
In confirmation of our commitment to fulfilling the achievement of the Millennium Development Goals and work to support the efforts of the Arab least developed countries to achieve those goals, focusing on the third end of the first goal on combating hunger especially rapid intervention to counter the effects of the emergency crisis in the field of food security, we have adopted the recommendations of the Arab Conference on the implementation of the Millennium development goals of the Arab move required until 2015 to develop an Arab vision of contributing to the global vision of the objectives of the new sustainable development of the post-2015, and in particular to support efforts to promote the welfare of the individual and the group through equal patterns and in a sustainable manner, and promote the comprehensive development and pay more attention to issues own youth unemployment and people with special needs and the creation of decent work opportunities as objectives of the pivotal Arab targets in the framework of what will be agreed upon in the future.
As we draw to strengthen the relevant organs of Arab efforts to implement the Millennium Development Goals such as the Arab specialized ministerial councils and in cooperation with all regional and international United Nations and its specialized agencies and partners.
Improve the level of health services and disease control
On the basis of our commitment to improving the standard of health care, pay more attention to non-communicable disease issues because it presents a great challenge to the welfare of society and development efforts in the Arab countries, and to accelerate the development and support of policies, strategies, programs and action plans that take on social determinants of health, and the involvement of all community forces in that and strengthening international cooperation to address these determinants as a key factor for achieving the Millennium development goals, and the fulfillment of commitments on maternal and child health and the eradication of infectious diseases, tackle communicable diseases, and a continuation of the efforts in the field of disease control and eradication, and to support what was issued by the Arab economic Summit at its first session in Kuwait in January 2009 has been welcomed by «Riyadh declaration» of the «international Conference on healthy lifestyles and non-communicable diseases in the Arab world and the Middle East,» which was held in Riyadh, Saudi Arabia during the period of 9 – 12/12/2012 m.
Intra-Arab trade and customs union
And an affirmation of our commitment to support the process of Arab economic integration and increased intra-Arab trade volume, and the formation of an Arab economic gathering solid, we affirm our determination to complete the Greater Arab Free Trade Area of the requirements before the end of 2013, and make every effort to overcome the difficulties that prevent it, and we appreciate the efforts of Arab specialized organizations and unions quality regional and international bodies in order to enhance inter-Arab trade, expressing in this area for our support for the resolutions of the extraordinary Summit of the Organization of Islamic cooperation, which was held in Makkah 2012 at the invitation of Governors of the Islamic development Bank Council to adopt a practical mechanism to increase the bank’s capital, which would contribute the development of two-way trade and investment, and promote the Islamic solidarity Fund for development, and welcoming at the same time the initiative aid for trade for Arab countries launched the international Islamic Corporation for development of trade, which, with an emphasis on the importance of backing and support.
Taking applaud the steps taken so far in the way of the Arab Customs Union building, we affirm our commitment to work to complete the rest of the launch of the Arab Customs Union requirements in accordance with the time frame that has been agreed upon, all the way to fully implement it in 2015.
Arab private sector and its role in the joint Arab action
And our belief in the vital role of the private sector of the Arab partner in the march of Arab development and its role in increasing the rate of economic growth and move the wheel of production, we emphasize that we continue to support this sector by continuing favorable climate saving him for the exercise of its activity and encourage a productive and joint investment projects and remove the obstacles that stand in the Using the flow of inter-Arab investments and facilitate businessmen and investors and other transmission than required by the private sector, in turn, on the face hoped, and we emphasize the importance of the Arab private sector responsibilities in supporting the joint Arab action and to promote economic and social participation in this area.
We also welcome – in this respect – the results of the Arab private sector forum, which was held in Riyadh in the framework of this summit, and efforts to foster closer cooperation between the businessmen and investors from the Arabs and their quest for a joint Arab projects, including the benefit of the Arab peoples.
Arab food security
And confirmation of our commitment to provide food security and the Arab region has been our face bodies and organizations concerned to work on the speed of implementation of the emergency program of Arab food security and coordination with the beneficiaries of the program and financial institutions of Arab, regional and international Arab private sector, we call to contribute to the implementation of the program by investing in the components of Arab countries projects.
Arab water security
On the basis of our understanding of extreme importance of water security in the Arab region as part of the Arab national security, taking into account the fact that the water scarcity afflicting our region, we will closely follow the implementation of the «water security strategy in the Arab region» and «Integrated Water Resources Management Project», to face future challenges and requirements of water resources in order to achieve sustainable development, and to provide current and future needs of water.
Environment and Sustainable Development
Taking into account the importance of preserving the environment and what they have their issues of interest at the global level, we reaffirm our commitment to the cause of concern for the environment in our priorities issued by:
A. accelerate the modernization of the Sustainable Development Initiative in the Arab region and the Executive scheme in the light of the outcome of the United Nations Conference on Sustainable Development Rio +20, and outputs the eighteenth Conference of the United Nations Framework Convention on Climate Change, which was held in Doha.
(B) monitor the implementation of the Arab strategy for disaster risk reduction, and to accelerate the integration into the development plans.
C. urged countries in the region that have nuclear plants to disclose safety reports followed, and inviting them to join the Convention on Nuclear Safety to save the region from the negative effects on the environment caused by what may result from serious accidents.
(D) adaptation of the Arab states with the phenomenon of climate change, especially that the Arab region of the world’s most vulnerable to climate change, and to be on the basis of the United Nations Framework Convention on Climate Change and its Kyoto Protocol.
(E) conservation of natural resources and to accelerate the implementation of the new International Strategy for Biodiversity 2020.
Education and Scientific Research
Confirmation to continue our quest to improve the quality of education and upgrading it and supplied as a human right, go ahead and support the implementation of the development of education in the Arab world to achieve the objectives of the plan, and a commitment to encourage scientific research and increase budgets its own, and encourage and nurture researchers Arabs and creators in various walks of scientific and technical research and to promote information and communications technology as a tool for the overall development and the foundation of the education system accommodates everyone.
Enable young people to participate in sustainable development efforts, and to strengthen their capacity and to provide a supportive environment to enable them through quality education and providing information, training and advanced integrated health care through policies multidimensional strategies, within a unified and integrated vision accommodate young people as partners and not only as beneficiaries, in this context, we express our satisfaction with the findings the third Forum for Arab youth, also call for the convening of a forum for Arab youth in Saudi Arabia during the six months from that date to discuss the priorities of youth at the current stage and ask the fundamental issues that affect the future and the aspirations of Arab youth through the axis of Prime focuses on the search mechanisms of the creation of employment opportunities for young people and provide opportunities them decent work and the fight against unemployment, and to provide political, economic and social participation.
Recognizing the important role of women in development, we affirm our determination to continue efforts to develop systems and legislation that enable women to develop their capabilities and skills and the elimination of illiteracy, and work to recruit potential by providing opportunities it on an equal footing to further social, economic and political participation.
Civil society
Proceeding from our belief in the importance of the role of organizations and civil society organizations as partners in the development, economic and social process, which we stressed in previous summits, express our satisfaction with the findings of the Third Forum of Civil Society Arab Development Summit frameworks for more effective partnership between governments and civil society organizations to achieve the desired social development .
Private sector partnership
Terms and urgent requirements
The Riyadh had embraced earlier in the forum of the Arab private sector, organized by the Council of Saudi Chambers in cooperation with the General Union of Chambers of Commerce, Industry and Agriculture for Arab and the General Secretariat of the Arab League under the auspices of His Royal Highness Prince Saud al-Faisal, Minister of Foreign Affairs and attended by the chairmen and vice unions of Arab Chambers and about a thousand personalities from ministers ambassadors and diplomats, businessmen and representatives of the Arab funds, heads of banks, investors and businesswomen and activists in the commercial, industrial, agricultural and investment fields.
The participants trading on the joints and the challenges of the Arab economy through nine workshops and about 21 Paper presented initiatives for the establishment of investment projects in a number of Arab countries meet the needs of the Arab population nutritionally and cognitively, socially and culturally.
And headed the deliberations of the Arab private sector forum that paved for the third session of the summit to the development of investment and development space in the Arab countries and the disparity in the ingredients, resources and environment laws and regulations in each country to address.
A progressive formula for development projects Arabia
At the meeting, which was devoted to discuss the investment climate in the Kingdom of the largest economies in the region and the roles played by Saudi Arabia in the revitalization and moving elements of the Arab economy Participants expect some decline in oil revenues in the current year 2013 by up to about 4%, it has noted Speakers significant developments in combination development projects in the Kingdom so that they tended to widen in size and in function, Saudi Arabia is bound to dock or executing large-scale infrastructure such as the construction of specialized cities, railways and the development of internal transport vessels in the major cities, reaching projects that have been knocked down in the past year, about 272 billion rials included petrochemical and infrastructure projects.
Participants questioned about what they called the identity or roadmap for proposals for major development, which is organized in the UK – and said that the Kingdom of passing at present a huge renaissance of development, but they saw that it must develop a road map for these projects – The economy still relies mainly on oil and the contribution of the private sector prices ongoing amounted to about 26% of the participants called for directing resources towards non-petrochemical industries to achieve economic diversification and diversification of government revenues, as some felt that it has to face the scarcity of raw materials further work in the manufacture of raw materials – and guide the development of programs to the less developed regions.
Obstacles are ashamed of the population
The head of the Arab Authority for Investment that there are impediments to investment in the Arab countries is what one is ashamed of the population, revealing that they have completed an analysis of the hidden aspects of these constraints in a study prepared by the Commission for the incentives and constraints of investment in Arab countries.
He said that the Authority had prepared scenarios studied for the development of the Arab agricultural work and now has a remarkable number of strategic partners to download these plans on the ground, calling on companies and agricultural groups able to take advantage of the Arab Authority and studies experience, revealing that Arab food gap was two years ago about 37 billion dollars, but perhaps these numbers have doubled now due to factors of high population growth and increasing demand for food.
And overlapped one of the ladies on this subject, she stressed that the territory of Sudan’s agricultural and its components Mattah but the investment environment does not help in terms of the failure of structures and bureaucratic hurdles, the Arab countries and called for differentiation between agricultural crops according to the environment and the abundance of suitable ingredients for each crop, pointing to the importance of taking care of palm trees which excels Kingdom from other Arab countries also criticized the poor quality of Arab agricultural product quantitatively and qualitatively, since this mediocrity is leading to increased cost of agriculture.
Others spoke of what they called the negative situation in Sudan’s investment environment, which saw it began to change now after the introduction of amendments to the investment law and the abolition of the central and other serious attempts to improve the environment.