Marrakech: Mohammed bin Ahmed Al Yamahi, Speaker of the Arab Parliament, emphasized the critical importance of investing in a knowledge- and technology-based economy, particularly focusing on artificial intelligence and digital transformation. He highlighted that the current challenge extends beyond merely acquiring technology to developing the capacity to produce, localize, and advance it, alongside establishing legislation to protect societies from its potential risks.
According to Emirates News Agency, Al Yamahi shared these insights during the opening session of the Fourth Economic Parliamentary Forum for the Euro-Mediterranean and Gulf regions, which is taking place in Marrakech from June 19 to 20. The forum is organized by Morocco's House of Councillors and the Parliamentary Assembly of the Mediterranean, in collaboration with the Parliamentary Network on the World Bank and International Monetary Fund, under the patronage of King Mohammed VI of Morocco.
He further noted that to transform the region's significant potential into tangible outcomes, there is a need to shift from dialogue to the implementation of joint projects. Strengthening economic, trade, and investment integration among countries is essential to build regional supply chains that are more resilient against global crises.
The Arab Parliament Speaker also called on parliaments to extend beyond their traditional legislative role, contributing to building regional consensus, supporting significant economic initiatives, and keeping pace with the rapid global transformations.
Al Yamahi reiterated the Arab Parliament's commitment to supporting initiatives aimed at forging a more integrated and resilient Arab-Euro-Mediterranean-African partnership. This partnership should be based on shared interests, knowledge transfer, and increased investment in technology and infrastructure.
He stressed the importance of enhancing dialogue and coordination between parliaments, international financial institutions, and the private sector. Such collaboration is crucial in identifying practical solutions to issues related to financing, development, investment, and technology transfer, ultimately advancing development, stability, and shared prosperity.