Actually, we do not need deluxe real estate investments anymore that absorbs a proper part of the Arab financial liquidity, and as long as I watch commercials or advertisements in respect of new richy compounds, villas, villages, cities and resorts, I say it is not a real investment, because the economy is mainly based on real investment in both Industry, Agriculture, Land Reclamation and Tourism, because, how could we digest the increase of the population in a country like Egypt, Yemen and Morocco.
If we really want to create more job opportunities and as we heard in many economic summits especially at the Kuwaiti one around (100 M jobs), therefore, there is no need to delay applying urgently the codes of both the Academic Freedom and the Scientific Research, in addition to giving a priority to vocational schools in fields required in our societies like nursing, industrial and agricultural schools that should be based on some sort of sponsorship from Businessmen Associations and Civil Society and its urgently required to give a plan for such project that could help millions of youth, and such school have to be run in a different way like a partnership with the ministry of education, however 70% of the curriculums and grades have to be given on practical applicable basis.
The military provisions and foreign purchase thereto have to be reduced, because about US$ 10 Trillion were spent in wars and armament especially in our area (MENA) and if such funds were used in a proper and rational way in our area, there will never be any poor Arab citizen in our area, also the matter of mobility has to be regulated in a better way because we have a surplus of militant volunteers even from university graduates who suffer from joblessness.
I heard that the banking sector here Egypt assuming that it avoided the global recession according to its safeguards, however, the matter was by luck, because we still having lag in real investment and credit system the matter that accumulated an extraordinary surplus in its own cash amounted to US$ 13 Billion, however, where are the investment counsels that should be available at banks, also It is rarely to hear that a bank has a department for specialized feasibility studies for studying projects proposals, not only that but also, they should offer department for social investment as being done by Mohamed Younis in Bangladesh that focus on both regrouping of young investors and NGOs in societies and giving them priority to other categories.
We have a very big short in corps as wheat, Corn, Maize, Rice, Malt, Beans, Lentil, Cotton, Clover and Flax/Lana and we have some interacted problems e.g. enough arable land, enough water, appropriate manpower and marketability, therefore, we cannot stay away from investing in Nuclear Power Plants for peaceful exploitations, because, each Nuclear power plant shall offer at least 5000 job opportunities if under construction until the beginning of its operation when a medium power plant shall produce 1,200 MW.
We have to plan for growing the principle corps as mentioned here-above in order to supply the fundamental food for the majority of the Arab people who surviving under poverty line, and I do not want to hear from someone that the poverty line is US$ 40 monthly, because it is very illogical standard according to the rates of prices around us which were decreased around the world, however, here are not (for also some illogical reasons, that investors and businessmen bought items in higher prices before the crisis, therefore, they cannot reduce it suddenly, however, those investors or businessmen forgot that they also obtained extraordinary profits before the crisis and still obtain it as vampires from our blood in spite of the wave of the global inflation using the ignorance of the ordinary people and the absence of the execution of consumer protection laws.
We have to support the Arab peasants and farmers as all the developed countries do, France recently supported its farmers by an amount of (€ 10 Billion), supporting that sector is very much important than armament when we ascertain that recently an Arab country bought US$ 8 Billion in a deal of arms in spite of that one of its regions suffering from insolvency, also, (£ 260 Billion) were spent on arms never used in a deal called the Black Dove and others, unfortunately we are one of the best markets for western weapons/armament industry.
In spite of Allah gave us shores and coasts alongside the Arab world, we still having lag in developing our fisheries, I do not know why, because we have some good and healthy resource of food I mean (Fish) however, we waste it. In Egypt we have Lake Nasser where we hear that the volume of an intermediate (Tilapia Nilotica Fish) is about (5kgms) without simplest trial to exploit such resource that can feed the Arab world of its fish, not only that the coasts of Morocco and Mauritania is very rich of fish as a result of the warm oceanic currents, also and can feed the Arab world daily of fish when it shall be cheaper than poultry and cattle.
Water is one of our biggest crisis, however, Nuclear Power Plants can support us not only by our needs of energy, but also of our needs and more of desalinated water that could be used for extra land reclamation and if distilled in a very simple way could be used as a potable water.
Unfortunately, privatization that taken place in some Arab states was not successful at all, because they neglected the domestic manpower in companies and foundation privatized and did not gave them the chance according to the right of preemption to invest in the company where they served as the British Experience in that respect.
Socio-economic Specialist/Researcher/Legal Translator at (www.eldib.com.eg)
Human Rights Activist/Blogger/Youth Trainer
Egyptian Association for Constitutional &
Legal Human Rights (eaclhr)
A member in the family of the external affairs
At Egyptian Association of the Friends of Bibliotheca Alexandrina
Work Tel: 002-03-4950000