UAE-based international boutique developer unveils flagship project, blending innovation, AI, community and sustainability amid growing international investor interest
kt network2 hours ago
"2017 needs to be the year of implementation. That will transform Arab countries and will source new economic growth and new jobs," says Natalia Timirisa of the International Monetary Fund, UAE.
Speaking at the opening of the 2016 Arab Strategy Forum, Timirisa said the global outlook for 2017 and beyond presents "many challenges for Arab countries" but it also poses many opportunities to change the paradigm of economic growth.
Dr Natalia Tamirisa from the IMF opens the first session with a Regional Economic Outlook for 2017 Image credit: Arab Strategy Forum/ Twitter
"Weening economies off the reliance of oil is a must. A number of countries, including the UAE, have announced impressive goals in the healthcare, education, and tourism sectors and these structural reforms need to remain."
And the cost of inaction for Arab countries will be high, she said, if they don't.
"Without further reforms as many as one million young people expected to join labour force over next six years will likely become unemployed."
Natalia Timirisa of the International Monetary Fund (UAE) talks about the UAE's efforts towards achieving the 2021 vision. -Kelly Clarke pic.twitter.com/91rMTz9ZfSSpeaking to Khaleej Times on the sidelines of her speech, Tamirisa identified a number of specific performance criteria and milestones needed for the UAE to achieve its 2021 goals, and it was the youth and education that came under the spotlight.
- Khaleej Times (@khaleejtimes) December 14, 2016
"A very important part is making sure that the skills of young Emirati citizens fit the needs of the private sector (and) the needs of the global economy. Efforts to strengthen curriculum and to have a holistic approach to education are very important in this regard."The 2016 Arab Strategy Forum puts the focus on the political and economic state of world.
UAE-based international boutique developer unveils flagship project, blending innovation, AI, community and sustainability amid growing international investor interest
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