Crescent CEO in regional aid plan to create jobs and counter extremism | The National

Crescent CEO in regional aid plan to create jobs and counter extremism | The National:

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Joblessness has swelled in Arab countries rocked by instability as economic growth has
 faltered. Above, unemployed people gather in Tunisia's labour ministry to protest against
 the results of a recruitment exam. Fethi Belaid / AFP
 

A prominent UAE businessman is calling for an Arab-led multilateral policy response that would tackle youth unemployment, a fundamental cause behind the regional political turmoil.

The Arab Stabilization Plan (ASP) drafted by Crescent Petroleum’s chief executive, Majid Jafar, is an initiative that aims to encourage foreign direct investments into economically sustainable infrastructure projects that would stimulate job creation and prevent extremism.

The plan is backed by a team of regional economists, advisers and businessmen, including Fadi Ghandour, the Aramex founder and chairman."

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