Pakistan has joined hands with four Middle East countries Saudi Arabia, Jordan, Kuwait and Bahrain to form a Digital Cooperation Organization which is an organization formulated to encourage the vision of a digital future for the countries.
All the relevant officials were gathered to unveil the Digital Cooperation Organization including Pakistan’s Minister of IT & Telecommunications, Mr. Syed Aminul Haque.
In order to bring transformation in the digital world the DCO aims to empower women, youths and entrepreneurs to support governments realise a digital economy for their particular countries and come up with creative and advanced solutions in order to tackle modern solutions being faced on regular basis by their citizens.
Digital Cooperation Organization (DCO) will work with the private sector, international organizations and academia to help achieve a global digital transformation.
“We are joining hands together towards a commitment to drive consensus on digital cooperation,” says H.E. Abdullah Amer Al-Swaha, Saudi Arabia’s Minister of Communications and IT. “[We aim] to make sure that we seize an opportunity for our youth, our women and our entrepreneurs with the ambition to grow our combined digital economy to one trillion dollars in the next 3-5 years.”
“Our future prosperity will depend on the digital economy. But it can only reach its full potential if we are able to make governments work together collectively with businesses, and entrepreneurs so they can survive and thrive, expand their depth into current markets and open doors for everyone into new ones.”
“For Pakistan,” said Pakistani Ambassador Raja Ali Ejaz (to Arab News), “with a talented and well-trained pool of human resources, the DCO presents a unique opportunity for rapid progress in all spheres of life. Pakistan has joined the Digital Cooperation Organization as a founding member and acknowledges the initiative of Saudi Arabia. Pakistan considers it an important step in post COVID-19 economic recovery of the founding countries.”
A professor of cybersecurity at King Saud University and founder CEO of Global Foundation of Cyber Studies and Research in Washington, Muhammad Khurram Khan also expressed his appreciation for the organization. He says that the introduction of the DCO in these times can prove to be an astonishing approach for the five nations.
“With the mission of achieving prosperity, socioeconomic development, and implementing digital transformation, the countries setting up the DCO aspire to become leading digital economies in the world which is commendable.”
He further added that by the year 2025, the global digital economy will be worth $23 trillion with a GDP share of 24.3 percent.