Saudi Arabia, the UAE and Qatar have the opportunity to become engines of growth in the Arab world in the aftermath of the Arab Spring, said Nasser Saidi, chief economist at the Dubai International Financial Centre (DIFC) and executive director of the Hawkamah-Institute for Corporate Governance.
He was speaking at an exclusive forum hosted by the Capital Club Dubai, the region's private business club and a member of the ENSHAA group of companies, to discuss the need for policy reforms, institutional change and extensive investment in the region in the wake of the Arab Spring.
"The GCC has big incentive to do it," said Saidi, who is a member of the IMF's regional advisory group for MENA and co-chair of the Organization of Economic Cooperation and Development's MENA Corporate Governance Working Group.
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