Arab world needs its own ‘Marshall Plan’ | GulfNews.com

Arab world needs its own ‘Marshall Plan’ | GulfNews.com:



"The political stability of the Arab world needs a long-term plan to increase economic stability and move away from dependence on oil as the major economic driver, while also addressing the region’s dangerously high unemployment, particularly among young people.



The proposed Arab Stabilisation Plan, ASP, would build a regional framework to promote infrastructure investment and create jobs. Taking its inspiration from the US-led Marshal Plan to rebuild post-war Europe, it would prioritise infrastructure projects on a national level and boost economic growth in countries such as Egypt, Jordan, Yemen, and Tunisia.



It would be important that the investment would come mainly from within the Arab world such as the Gulf countries, and the private sector, and not rely on external sources which lack the long-term will and commitment to make this work."



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