Infrastructure has a substantial role to play in creating new jobs in the Middle East and North Africa, but its potential varies greatly across countries and sectors and will not suffice to resolve the mounting unemployment problem in the region.

The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.

Digital transformation can yield large socio-economic gains, in terms of increased growth in GDP, sector activity, and jobs. Widespread use of digital tools significantly reduces costs, rendering economic activity more productive.

This book summarizes the constraints to and opportunities for deepening economic integration within the MENA region and beyond. Trade and investment reform are discussed together with physical connectivity, cross-border trade facilitation, infrastructure networks, and the vital role of logistics.

The existing telecommunications infrastructure in the Middle East and North Africa MENA suffers from various regulatory and market bottlenecks that are hampering the growth of the Internet in most countries and related access to information and to potential new job sources.

Middle East and North Africa Investment Policy Perspectives highlights the considerable progress in investment policies made by the region’s governments over the past decade. Yet, the reform momentum needs to be sustained and deepened for the benefits of investment to be shared with society at large and for growth to be sustainable, particularly in the context of the COVID-19 pandemic and resulting global economic upheaval.

MENA holds more than 60% of oil and nearly 50% of gas reserves, making its economy very vulnerable to price fluctuations. This volume investigates the effect of natural resources and the role of policies on achieving higher and sustained growth through economic diversification.