Deals worth over $7.68m signed at Arab League Forum in Tunis

Deals worth over $7.68 million were signed among 31 entities from 17 Arab countries at the Arab League Forum for Business and Partnerships held in Tunisia.

The debut event of the Arab League Educational, Cultural and Scientific Organization marked a remarkable financial milestone, reported Al-Ekhbariya.

The two-day conference also marked the initiation of 40 projects resulting from these collaborations.

The $7.68 million from the signed partnerships make up 84 percent of the organization’s annual budget, establishing the conference as a qualitative working model focusing on specific projects with clear timelines, objectives, and measurable outcomes, which played a significant role in attracting collaborations.

Of the 40 projects signed during the forum, Saudi entities claimed the majority share with 36 percent. Morocco secured 9 percent, followed by Tunisia with 7 percent, Yemen with 7 percent, and Jordan with 4 percent.

Palestine, Kuwait, Djibouti, Sudan, and Syria each secured 2 percent, contributing to the partnerships alongside Somalia, Iraq, Qatar, Lebanon, Libya, Egypt, and Mauritania.

The diversity of joint ventures and the substantial financial commitments signal a promising era for ALECSO’s initiatives, reinforcing its position as a key player in fostering collaboration and development across the Arab world.

The ALECSO Forum for Business and Partnerships, an initiative spearheaded by Saudi Arabia and endorsed by ALECSO’s executive council, has evolved into a collaborative Arab endeavor following a meeting held in AlUla in January 2022.