The chairman of the Federation of Arab Businessmen (FAB), Hamdi Tabbaa, has called on Arab countries to prioritize productivity growth by integrating modern technology into production processes. In an interview with Jordan News Agency Petra, Tabbaa stressed the need to implement national development strategies that enhance food security and build strategic stocks of essential food commodities. This is due to growing fears concerning continuous fluctuations in food prices and the repercussions of climate change on food security.
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Tabbaa emphasized the importance of investing in digital technology and human capital, with a particular focus on education and skill development. This investment is essential in reducing unemployment rates and supporting digital transformation in the Arab world. He also emphasized the significance of adopting strategies that increase efficiency in managing public funds and diversifying income sources. This will ensure sustainability and strengthen monetary policies.
According to Tabbaa, the Arab world must prioritize the implementation of development projects and establish strategic partnerships between the public and private sectors. This will promote economic growth and achieve sustainable development goals. The Arab business community has a crucial role to play in advancing Arab economies. They can do so by improving infrastructure and creating new investment-based job opportunities for local labor.