|Raza Jafar: United Arab Emirates remains a key driver of growth - Raza Jafar|
Transformation of the developing world dependent on economic growth
Without doubt, transformation and development is impossible without economic growth. Growth drives innovation and jobs; it improves healthcare and permits investment in education the very education which prepares the next generation for continuing the same push towards improving the lives of a country‚Äö√Ñ√¥s people.
Economic growth is the only way for poor countries to reduce and eventually rid themselves of extreme poverty. It is the surest way for countries to generate the resources they need to weather global crises from shocks to the global financial markets to natural disasters or climate change, or spikes in the prices of fuel and food. And by addressing illiteracy, communicable diseases and the need for a viable and prosperous middle class, countries can drive other measures of progress towards their long-term development challenges. Those were the words of Raza Jafar, Managing Director of ENSHAA PSC, a leading development and investment company with interests in the Middle East, North Africa, Asia and Australia, during his visit to Cityscape Abu Dhabi.
Mr Jafar gave the United Arab Emirates as a good example: The UAE is and remains one of the regions pre-eminent drivers of growth and development, he noted. The country‚Äö√Ñ√¥s plentiful resources especially in hydrocarbons and successes in diversification have combined to create strong medium-term prospects for the UAEs economy.
Jafar is also enthusiastic about the Abu Dhabi 2030 Vision considering it a model for others like it. This is a definitive roadmap for the economic development of the region, he observed. The 2030 Vision the implementation of whose policies and initiatives are set out in the Economic Vision, a series of five-year economic plans and annual working plans is, according to Raza, central to the development of Abu Dhabi as a financial and economic hub, and a shining beacon for the region and its people.