This was stated by Badr Jafar, CEO, Crescent Enterprises and founder of The Pearl Initiative, speaking at the inaugural Financial Times (FT) Dubai Family...
FEATURES & ANALYSIS
Bahrain a small island country situated near the western shores of the Persian Gulf. is home to over 1.3 million people. Most of whom are expats and just like its neighbors in the GCC, the high volume of expats compared to the local population presents some interesting problems.
World Bank report titled ‘Trust, Voice and Incentives’, released in April, found the delivery of essential public services in the countries of the Middle East and North Africa (MENA) “is failing to meet the needs of citizens and continues to be a source of widespread dissatisfaction.” But not so in the GCC.
‘Middle Eastern and North African countries face a critical choice in their quest for higher private sector growth and more jobs: promote competition, equal opportunities for all entrepreneurs and dismantle existing privileges to specific firms or risk perpetuating the current equilibrium of low job creation,’ said recent World Bank report, titled “Jobs or Privileges in the MENA region«.
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