Baghdad:The Media Committee for the Arab Summit for Small and Medium-Sized Enterprises (SMEs) has announced that preparations are complete for the fourth edition of the summit, scheduled to be held in Baghdad from November 18 to 20.

According to Iraqi News Agency, the summit, organized under the patronage of the Prime Minister and in collaboration with the United Nations Economic and Social Commission for Western Asia (ESCWA) and the Ministry of Planning, will take place at the Baghdad International Fairgrounds. Haidar Majeed, head of the summit’s Media Committee, highlighted that the event will host approximately 12 workshops aimed at developing the capabilities of entrepreneurs and transforming their ideas into economic projects.

Majeed emphasized that the summit represents a significant opportunity for local investment firms to engage with their Arab counterparts, facilitating the exchange of expertise, ideas, and visions across various sectors. The event also aims to bolster government support for the local economy, with wide participation from SME owners from Iraq and other Arab nations.

The summit is deemed to have considerable economic and developmental importance, serving as a platform to foster Arab cooperation, support entrepreneurs, and empower youth. It seeks to stimulate investment and enhance the role of small and medium-sized enterprises in Arab economies.

Furthermore, the summit’s agenda includes building economic and developmental partnerships, as well as developing young people’s skills and project-management capabilities. ESCWA is noted for its pivotal role in transferring past Arab experiences and expertise, fostering cooperation, and providing access to international know-how, which contributes to enhancing young people’s capabilities and supporting their projects.