His Majesty King Abdullah expressed hope that the Arab private sector would benefit from the experience of the New Asian Leaders in organizing themselves as a group of rising economic leaderships and in developing their work within a relatively short period.

King Abdullah added in his address to the first Arab-Asian economic summit that the aim of focus of such meetings is to establish a dialogue to enhance the relation between the private sectors in the Arab world and Asia and develop forums for economic and social cooperation and integration between these two regions.

The king affirmed that the current summit meetings provide a unique opportunity for the youth and new leaders who have projects in both regions to present a new plan that establishes stable initiatives and programs for cooperation.

The king pointed to the coming meetings of the Economic World Forum which will be held at the Dead Sea in Jordan saying that it will enhance relations between the New World Leaders(NAL) and the Arab Business Council (ABC) which are both founded within the context of the World Economic Forum.

The King expressed hope that NAL and ABC would cooperate to gain the support of the Arab governments to help in achieving the desired progress because reform happens in two directions and affirmed that the private sector must motivate the governments to work and open horizons for such a progress.

The king pointed that the ABC, as a representative of the Arab private sector, has presented its vision for the priorities of reforms needed on the Arab level to achieve sustainable development and this was adopted in Davos last month. The priorities include freeing economy in a way that guarantees increasing inter-Arab trade and the size of Arab investments in the region and developing human resources especially in the field of education.

The king hoped that the reform stemming from inside the Arab world would receive the support of the eight industrial countries.

The NAL has granted 46 scholarships and training course for Jordanians and the king announced that similar initiatives will be provided to the companies participating in the initiative towards Jordan to acknowledge it progress in the various fields.