A Middle East businessmen's group plans to set up an Internet site linking the region's business capitals to provide faster exchanges of information on trade and investment, reported the English daily Gulf News Saturday.
The project will be set up by the Arab Center for Communications and International Relations whose board comprises 30 businessmen, said the daily.
The Board's secretary-general Sulaiman Hamed Al Mazroui was quoted as saying the features of the site are ready for approval.
The website will feature profiles of 21 Arab countries, maps, opportunities for investment and business laws, procedures to set up a business and other information.
"All information that the businessman needs will be at his fingertips. It will be launched very soon. We believe it will have a very good impact on the business sector," Al Mazroui said.
The group chose Dubai as the center's permanent headquarters, said the paper.
The Arab Center for Communications and International Relations was set up two years ago in Cairo to take action against barriers on investment and trade, added the daily.
Al Mazroui said among the issues being tackled are procedural barriers, logistics, investment rules and regulations, movement of capital as well as risks and guarantees related to Arab-Arab trade - Albawaba.com
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