LONDON—The Arab World is underinvesting in the digital economy, Amr Ezzat Salama told the Middle East Education Thought Leadership Forum here on Wednesday.
Salama, who is secretary general of the Association of Arab Universities, said Arab countries invested 4 percent of gross domestic product (GDP) in the digital economy, whereas developed countries invested 22 percent of GDP.
He told delegates to the forum, convening in a London hotel along with more than 2,000 other virtual participants, that Arab countries must invest more in the digital economy, especially artificial intelligence.
He noted that the Association of Arab Universities had concluded an agreement with the Arab Federation for Digital Economy and the Arab Administrative Development Organisation to establish an Arab digital platform for education and training.
“Today in the Arab world we have nearly 100 million young people between the ages of 15 and 29,” a group that suffers from high unemployment rates, he said. “It is estimated that the number of jobs that Arab countries need to create exceeds 60 million over the next three decades.”