A leading entrepreneur has stated that the Arab world must come together to create an atmosphere conducive to investment for the entire region. According to Kitopi CEO Mohamed Ballout, the Arab world is not witnessing an increase in $10 billion firm outputs because they “do not operate as one single Arab world.”
One of the world’s largest investors” questioned Ballout why he should consider investing in the Mena region if there aren’t many $10 billion results compared to China and India, Ballout recalled during a session at the World Governments Summit a few weeks ago. Ballout concurred, stating: “He’s correct; we are not capable of establishing numerous $10 billion businesses.
We operate as individual countries, not as a single Arab world,” he added, “is one of the challenges I see.” In my opinion, that is one of the most crucial things, even though it is extremely challenging to accomplish. He clarified that the GDP of the GCC is $2 trillion, whereas India’s GDP alone is about $4 trillion, and its GDP is only a few hundred million without its oil earnings. Ballout stated that the Arab nations’ unity is the answer. Ballout went on to say that early investments in science and technology will benefit businesses by enabling them to create tools that have the potential to expand internationally.
Also Read:
Fostering Business Growth And Helping Break Market Stagnation With AXIOM EXPERTS: Georges Nasr
Crafting Bespoke Living Experience In Exquisite Locations With Glover Investments: Steven Glover
