With investments in infrastructure and efforts to improve the business climate, Algeria is focused on creating the conditions for more robust and inclusive growth.
The Middle East and North Africa region is 60 percent urbanized compared to the global average of 52 percent and is home to one of the world’s most rapidly expanding populations. By 2030, a 45 percent increase of MENA’s urban population will add another 106 million people to urban centres.
I recall the first time I visited Nakheel Palestine for Agricultural Investments Company fields at Jericho two years ago, when MIGA was still at the early stages of underwriting the project constituting planting date trees. The land was empty and, at the first glance, the first thought that came to mind was “how can this be developed into arable land?”
Why 13 governments, 10 ministers and 270 people decided to gather for policy discussions on infrastructure in the Middle East and North Africa (MENA) and the role of the private sector. (And no, it wasn’t the fact that the forum was in Marrakech because none of us left the hotel). I was really inspired by the enthusiasm generated by the March launch in Rabat of the Affiliated Network for Social Accountability – Arab World. The event brought civil society people from across MENA together and demonstrated a real ability to shape and further a debate around the issues of participation and youth.