It is time for regional governments to exit from the core sectors of the economy and leave running businesses to the private sector, leading Middle East entrepreneur, Mohamed Ali Alabbar, stated at the Jeddah Economic Forum.
Alabbar, who is Chairman of Emaar Properties and the Director-General of the Dubai Department of Economic Development, said that the role of the government is that of a leader that provides the vision for its people and direction for the economy, while creating and facilitating the environment for growth.
According to Bahrain Tribune, he added that governments should concentarte on providing the core framework needed for the efficient operation of complex modern markets.
