GCC and North Africa, Orascom a lone leader ?
In one of its BBC Middle East reports, one of the guests said something extremely smart, that it is a constant in the GCC and North Africa that "it is difficult to move goods and people, and that is the reason why we dont have multinationals, thus resulting in less work opportunities for the young underemployed or unemployed population."
I find that extremely relevant to our context here in North Africa, indeed there is a lack of multinationals and indeed that translates in lack of opportunities for employment. So we have to brake the barriers, and there's signs that is happening with Algeria, which was about time, and I believe that in the future, democratic regimes in Libya, and Tunisia will be constructive partners in the construction of a vast integrated ensemble where people, ideas and services flow freely.
As long as we stay divided, we incur loosing tremendous opportunities in rapidly expending industries such as Telecoms and Renewable Energy to name a few.
Its time we get our act together to make it happen in the region, GCC capital coupled with North African markets are vectors of growth, and it is through such integration that we will see the rise of such multinationals in the region. Orascom is a fine exemple until now.