Arab Economic and Social Development Summit held in Egypt
January 19, 2011
The 2nd Arab Economic and Social Development Summit began in Sharm El-Sheikh today under the chairmanship of Egyptian President Hosni Mubarak and with the participation of eleven leaders and representatives of Arab countries. Foreign Minister Prince Saud Al-Faisal headed the Kingdom’s delegation to the one-day summit.
The draft decisions issued by the meeting included: implementation of the initiative of Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah on the provision of $2 billion for small and medium Arab enterprises; following up on the inter-Arab railway and the Arab Customs Union; and the completion of Arab food and water security programs. The Arab Foreign Ministers also held a consultative meeting to discuss the situations in the Palestinian territories, Lebanon, Tunisia and Sudan.
Finally, the summit issued a decision welcoming the hosting of the 3rd Arab Economic and Social Development Summit by Saudi Arabia in January 2013. In a concluding address, Prince Saud told the delegates, “It is my honor, on behalf of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al-Saud, to invite your excellencies and highnesses, Arab leaders, Kings, Emirs and Presidents to participate in the Arab Development, Economic and Social Summit set to be held in its 3rd session in Riyadh, Saudi Arabia, in January 2013. It is the pleasure of the government and the people of the Kingdom of Saudi Arabia to host this august forum, hoping it will be a tributary that cements our Arab nation and helps achieve what we anticipate of sustainable development within the framework of activating Arab joint action.”