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World Economic Forum on the Middle East and North Africa Enabling a Generational Transformation

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World Economic Forum on the Middle East and North Africa Enabling a Generational Transformation Regional Agenda World Economic Forum on the Middle East and North Africa Enabling a Generational Transformation Dead Sea, Jordan 19-21 May 2017 Contents 3 Preface 4 Co-Chairs 5 The Meeting in Numbers 6 Dead Sea Highlights 8 Enabling Collaborative Innovation and Empowering Youth 14 Building Inclusive Economies 18 Supporting Humanitarian Efforts and Diplomatic Dialogue 27 Meeting Outcomes 28 Acknowledgements 30 Upcoming Meetings World Economic Forum 91-93 route de la Capite CH-1223 Cologny/Geneva Switzerland Tel.: +41 (0)22 869 1212 Fax: +41 (0)22 786 2744 Email: [email protected] www.weforum.org World Economic Forum ® © 2017 – All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system. REF 240517 Preface The 16th World Economic Forum on In support of the emerging generation the Middle East and North Africa – and of young entrepreneurs, the Forum, the ninth taking place in Jordan – in partnership with the International convened regional and global leaders Finance Corporation, extended its to discuss how to enable positive regional platform to 100 of the Arab transformation of the region. The world’s most promising start-ups. meeting offered participants insight These vibrant enterprises – many into how to create the appropriate of which have been founded under conditions for the region to embark the most challenging circumstances into the era of the Fourth Industrial – include Arabic voice-recognition Revolution and to leverage the reform software developed in Syria, the first momentum seen in many countries, e-mobile wallet in Libya, a labour which has created a unique opportunity marketplace in Yemen and mobile for business, civil society and games produced by a team in Gaza. government to jointly boost inclusive Their leadership holds a key to Mirek Dusek and economic progress. addressing one of the world’s most Head of Regional Strategies – intractable challenges: how to create a Middle East and North Africa At the same time, leading policy- positive future for the millions of youth Member of the Executive makers are being challenged to entering the job market every year. Committee, World Economic grasp the opportunity to rethink Forum youth empowerment, diversify away The meeting saw over 1,200 leaders from oil dependence and respond from business, government, civil to the refugee crisis – the biggest society, international organizations, humanitarian challenge of our time – youth and the media, and included and to support a comprehensive and 10 heads of state or government, and progressive vision for prosperity and more than 130 government leaders, shared peace in the region. heads of international and regional organizations and other public figures. In this context and with the full support This represented participation from and presence of Their Majesties over 67 countries. It also included King Abdullah II and Queen Rania strong participation of faith leaders in Al Abdullah, the meeting provided the sessions, and over 235 women a platform for addressing multi- leaders took part in this year’s meeting. generational challenges and unlocking new opportunities for inclusive growth, We would like to thank the Co-Chairs social modernization and a technology- of the meeting for their support before enabled future. and during the meeting. We would also like to thank the King Abdullah Malik Faraoun Sessions in the programme built on II Fund for Development (KAFD) and Lead, Regional Strategies – seven of the Forum’s System Initiatives, the Government of the Hashemite Middle East and North Africa, and discussions focused on how to Kingdom of Jordan on behalf of the Global Leadership Fellow, World unlock systems leadership to shape Forum for their great support, and look Economic Forum the agenda in the key areas such as forward to continuing this partnership employment, infrastructure, education, into the future. gender and energy. The Forum is grateful to its Members In addition, participants considered and communities for their ongoing the huge opportunities resulting from commitment to and participation in the convergence of digital information the World Economic Forum on the and technological advances in various Middle East and North Africa. We look economic fields, and the actions they forward to your continued support and can take to leverage technological engagement. disruptions to drive positive transformation, especially for women and young people. Enabling a Generational Transformation 3 Co-Chairs Dominic Barton Global Managing Partner McKinsey & Company, United Kingdom Børge Brende Minister of Foreign Affairs of Norway Khaled H. Biyari Chief Executive Officer Saudi Telecom, Saudi Arabia Khadija Idrissi Janati Founder and Chief Executive Officer KMK Groupe, Morocco Young Global Leader Majid Jafar Chief Executive Officer Crescent Petroleum, United Arab Emirates Young Global Leader Philippe Le Houérou Executive Vice-President and Chief Executive Officer International Finance Corporation, Washington DC Maurice Lévy Chairman and Chief Executive Officer Publicis Groupe, France Arif M. Naqvi Founder and Group Chief Executive The Abraaj Group, United Arab Emirates Ursula von der Leyen Federal Minister of Defence of Germany 4 The Meeting in Numbers 235 Women 1,200+ leaders Participants from 67 countries 500+ Business leaders 130 Government leaders 200+ Reporting press 65 Media leaders Enabling a Generational Transformation 5 For session highlights, videos and meeting-related documents, plus Forum insights, visit Dead Sea Highlights https://toplink.weforum.org/ Crown Prince Opens Meeting 100 Arab Start-Ups Representing the next generation, H.R.H. Crown Prince The World Economic Forum and the International Al Hussein bin Abdullah II of the Hashemite Kingdom Finance Corporation (IFC) partnered to bring together of Jordan opened the meeting with a declaration 100 Arab start-ups. The start-ups were selected in of his generation’s commitment to innovation and collaboration with leading experts and successful change. Underlining the meeting’s theme, Enabling a entrepreneurs across the region. Representatives of Generational Transformation, the prince said the next the selected companies met leaders at the Dead Sea. generation is embracing new technologies that are A vast majority of the 100 are building their business leading to new ways to connect, learn and work, and model, products and services on new technologies like can be a powerful tool in the fight against terrorism. “On artificial intelligence, blockchain and satellite technology one side is a treacherous tide, luring our youth towards a – pioneering a generational transformation in the Middle dark reality that sinks us deeper into violence, intolerance East and North Africa – while serving basic needs such and regression through the corrosive power of an as transport, communication or payment processing. extremist ideology; the other transporting us to sunnier With the help of these companies, it is possible to order shores, where moderation sees our Muslim and Arab food home-cooked by refugees, teach children to code, identities at peace with modernity and progress, a reality get medical support online, make payments securely where we can be productive and positive contributors or chat with bots in Arabic. In fact, many start-ups are to the world around us,” he said. Read the story here: closing region-specific gaps in services and products, https://www.weforum.org/press/2017/05/focus-on- for example by providing telehealth services in Arabic, youth-jordan-s-crown-prince-opens-world-economic- curating Arabic news sources, using GPS to guide forum-on-the-middle-east-and-north-africa product deliveries or facilitating hotel reservations by phone when many users are not comfortable paying with credit cards online. Learn more about them here: http://widgets.weforum.org/mena-startups-2017/ 6 World Economic Forum on the Middle East and North Africa For session highlights, videos and meeting-related documents, plus Forum insights, visit https://toplink.weforum.org/ Open Forum: The Innovation New Report on Future of Jobs Imperative and Skills Today, Jordan is seeking to anticipate and mitigate many MENA is endowed with a young, growing and increasingly challenges with the help of its only constant resource, well-educated population. If skilled for tomorrow’s jobs and its youthful population. In this context, and following offered new and productive employment opportunities, the success of the Open Forum at the Annual Meeting it has the potential to significantly enhance the region’s in Davos-Klosters, the Forum brought its publicly growth. However, with 31% of young people unemployed, accessible, open-debate format to a regional meeting for urgent action is needed to realize this potential. In the first time in the region, in partnership with the King addition, even when skilled talent is present – particularly Abdullah II Fund for Development. This special session educated women – it is not being deployed effectively in in Amman gave students, entrepreneurs and the general the workforce. A new report, Future of Jobs and Skills public an opportunity to discuss the role of innovation in MENA: Preparing the Region for the Fourth Industrial in shaping a better future. Since 2003, the Open Forum Revolution, finds that few of MENA’s economies are fully has engaged a diverse global public and shared ideas, prepared for the impending disruption
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