London Hosts G8 Deauville Partnership Conference

Written by | Friday, September 13th, 2013
M. Guillermo Guttierrez

Representatives of the G8, Deauville regional partners (Saudi Arabia, Qatar, Kuwait, UAE and Turkey), major international and Arab countries in transition will meet Sept.16 in London.
The objective is to look into ways of supporting Arab countries in transition to enable them create jobs, boost their economies and meet the expectations of younger generation aspiring to a better life, more democracy, fair opportunities and broader freedoms.
The conference is organized by the presidency of G8 in association with the European Bank for Reconstruction & Development (EBRD) and the Islamic Development Bank (IDB).
The event will bring together decision-makers, governmental officials and investors to discuss how to facilitate investment procedures in a bid to speed up projects execution, enhance transparency and good governance.
During the gathering several Arab ministers will take the floor to speak about the business opportunities offered in their countries and plans to attract and support investors. Current and potential investors will share experiences and meet with country representatives they are interested in.
The G8 Deauville Partnership was set up in 2011 to encourage governments, business associations and investors from the G8 countries and their regional partners in the oil-rich Gulf region to fund development projects in Egypt, Tunisia, Morocco, Libya, Jordan and Yemen.
The Partnership gathers the most industrialized and wealthiest countries on earth (Canada, France, Germany, Italy, Japan, Russia, United Kingdom, and the United States), the EU and regional partners (Kuwait, Turkey, Qatar, Saudi Arabia and the UAE).
The Partnership also includes a several international financial institutions such as IDB, the African Development Bank, the Arab Fund for Economic and Social Development, the Arab Monetary Fund, the European Investment Bank, EBRD, IFC, IMF, OPEC Fund for International Development, and the World Bank.
Most of the Arab countries in the Middle-East and North were rocked by the Arab Spring uprisings and sociopolitical turmoil with the exception of Morocco and Jordan wherein the fallout were limited.
Political problems in Egypt and Tunisia have stalled investors, looking for other destinations.

Article Categories:
ECONOMY & TRADE

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