Cairo: Ahmed Aboul Gheit, Secretary-General of the League of Arab States, has announced that efforts are underway to finalize the ‘Draft of the New Arab Investment Agreement.’ This agreement is anticipated to become a cornerstone for inter-Arab investment once it receives approval.

According to Emirates News Agency, the agreement is being designed to incorporate the latest global economic developments, including concepts such as sustainable development, the knowledge economy, and the digital economy. It aims to play a pivotal role in removing barriers for investors, thereby fostering a more conducive investment climate across Arab nations.

This revelation was made during Aboul Gheit’s speech at the ‘Ripple Summit2025,’ an event aimed at supporting entrepreneurship centers within Arab universities. The summit took place at the headquarters of the League of Arab States.

Aboul Gheit highlighted the critical importance of supporting investment, describing it as the key to a better future. He noted that investment drives productivity growth, provides quality job opportunities, and facilitates the transfer of modern technology. He further emphasized that entrepreneurship programs have emerged as significant engines of economic growth and are essential for addressing development challenges like unemployment and achieving sustainable development.

He also underscored the importance that the Cairo-based pan-Arab organization places on strengthening economic cooperation among its member states. This cooperation is seen as vital for establishing a strong Arab economic bloc capable of exerting influence on the global stage. Additionally, he pointed out that social and community integration is crucial for building a robust and effective entrepreneurship ecosystem.