São Paulo – Four Arab countries and Pakistan launched the Digital Cooperation Organization on Thursday (26) to accelerate the growth of the digital economy and strengthen cooperation in innovation. The Arab countries are Bahrain, Jordan, Kuwait, and Saudi Arabia.
According to a press release, the organization intends to drive a digital future for all by empowering women, youth and entrepreneurs. The launching event was attended by International Telecommunication Union (ITU) secretary-general Houlin Zhao and World Economic Forum president Borge Brende.
Abdullah Amer Al-Swaha, Saudi Arabia’s minister of Communications and Information Technology, said the digital economy is expected to reach USD1 trillion in the countries involved in the next three to five years. “Our future prosperity will depend on the digital economy,” he said.
Al-Swaha said the digital economy can only reach its full potential if we are able to make governments work together collectively with businesses and entrepreneurs so they can survive and thrive, expand their depth into current markets and open doors for everyone into new ones.
The launch follows the conclusion of Saudi Arabia’s G20 presidency to maintain the Arab country’s momentum on accelerating the growth of the digital economy across the region and the globe, as nations everywhere increase their adoption of remote learning, telemedicine and contactless economic systems to survive and thrive beyond the social and economic impact of COVID-19.
Translated by Guilherme Miranda
