Sunday, February 10, 2013

Young entrepreneurs: Engine for GCC growth and prosperity


Is entrepreneurship the answer to the serious problem of youth unemployment in the Gulf Cooperation Council region? One of the key questions preoccupying GCC governments is how to create more jobs for young people and how to make productive use of their wasted potential.
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Almost half of the GCC population is under 25 years old and there is major concern about the rising number of unemployed young people in the region and the huge socio-economic impact this is having on the economy and stability.

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GCC governments are increasingly looking toward entrepreneurship as a tool for youth empowerment and a key for generating employment.

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Micro and small and medium-sized enterprises (SMEs) are now a driving force behind new job opportunities for young people.

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They are a good source of income, a means for overcoming poverty, and a tool in stimulating sustainable development. A big challenge for GCC youth is how to transform new business ideas into reality.

Read more: http://www.arabnews.com/young-entrepreneurs-engine-gcc-growth-and-prosperity

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