Digital economy can contribute $3 trillion to Arab GDP growth

ABU DHABI / WAM

Digital economy can contribute more than $3 trillion to Arab GDP growth, according to key recommendations and insights from the First Arab Digital Economy Conference, which concluded in the UAE capital on Wednesday.
The importance of adopting the vision of the Arab digital economy for the growth opportunities of the Arab countries’ GDP is in direct correlation with the population growth in the Arab region and the objectives of improving the economic
and social situation of our Arab communities.
Currently, the digital contribution to the economies of the Arab countries is only 4% compared to 22% globally.
The League of Arab States extended its sincere gratitude to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for his patronage and support for the First Arab Digital Economy Conference.
“Choosing the Arab digital economy to be the focal point for the common Arab vision reflects the awareness of the magnitude of the challenges facing the Arab region in light of the pivotal role of modern technology in the development of societies and economies in general,” said the final statement issued by the organising committee of the event.