12th WIEF Ministerial Panel Highlights the Important Role of The Private Sector in Regional Economic Integration.
Aisha Abubakar, Minister of State, Trade, Industry and Investment of Nigeria, to explain the role of the private sector in regional cooperation. She observed how the private sector brings in efficiency in the allocation of resources, management of projects and the ability to source funds from a variety of places, including Ecobank and the African Development Bank, which can act as partners in providing funding, particularly for infrastructure development in that continent.
In case of Indonesia, the role of private sectors is very important in achieving national development goals. One of the Indonesian Government priority is the development of the tourism sector. Government has an ambitions to develop halal tourism as the potential of moslem traveler to be the third largest after China and United States. The strategy in developing halal tourism are increasing the size of halal tourism by mainstreaming halal tourism in the tourism industry as well as increasing the share of halal tourism in the region by enhancing tourist based on geographical and demographical potential of muslim traveler. The private sector will lead the business.