Young Arabs deserve an economic reality that matches their optimism

In 2009, the author released a book titled Arabs Unseen, highlighting lesser-known stories from the Arab world amidst conflict and instability. These stories portrayed the region's complex reality beyond the headlines. A decade later, the situation has evolved, but the book's core message remains relevant. While conflict and geopolitical uncertainty have resurfaced, economic and technological shifts are reshaping the prospects for an entire generation.

Despite this, young Arabs express optimism about their futures, with 75% believing their prospects are favorable and 83% eager to participate in decision-making processes. However, the reality paints a different picture. In the same survey, only 54% felt financially prepared to handle major challenges, and 55% struggled to cover daily expenses.

Job security and financial stability rank high among their concerns. Young Arabs' optimism is not merely a result of comfortable circumstances; it is a testament to their belief in their potential. This optimism holds significant economic implications. When people are optimistic, they are more likely to invest in education, take risks, create businesses, acquire new skills, and contribute their talents to their communities.

However, this optimism can wane if the opportunities do not materialize, highlighting the disconnect between the confidence of young Arabs and the limited opportunities available to them. Youth unemployment in Arab states and North Africa is alarmingly high, standing at 26.2% and 22.6% respectively, the highest in the world. This disconnect underscores the urgent need for an economy that can accommodate the ambitions of this generation.

Education and training are crucial, particularly as artificial intelligence reshapes the workforce. Nearly two-thirds of young Arabs feel capable of adapting to emerging technologies. Yet, if the economy does not generate sufficient opportunities, the efforts to prepare them will fall short. To bridge this gap, the region must foster an environment conducive to entrepreneurship and provide capital to both emerging and established businesses.

Additionally, empowering young Arabs to have a say in the decisions that shape their future is paramount. While job creation is essential, it is not the sole determinant of a thriving economy. Young Arabs also seek agency in their lives, asking for better education, meaningful work, family stability, and freedom to pursue their ideas.

Their priorities have evolved, with health care now taking precedence over security. By listening to these aspirations and translating them into actionable policies, governments, businesses, educators, and investors can collectively contribute to a future where young Arabs can realize their dreams and drive economic growth.