�Opportunity Youth: Imagining a bright future for the next generation presents ideas that could ensure outsized impact for regions young people over next 20 years
DUBAI, United Arab Emirates–(BUSINESS WIRE)–A new report from McKinsey & Companys Middle East Office launched today, offers a perspective on the biggest game-changers that would help unlock opportunity for youth across the region over the coming two decades.
Titled Opportunity Youth: Imagining a bright future for the next generation, the new report starts by recognizing some of the systemic challenges in the Middle East, North Africa, and Pakistan (MENAP) region, such as unemployment and gender disparity in the workplace. However, it quickly pivots to focus on the specific game-changing opportunities and ideas that give root to a more optimistic perspective of potential outcomes for youth.
The 7 high-level game-changers highlighted in the report are:
The report dives deeper into each of these themes, highlighting specific ideas and mechanisms for implementation.
Gassan Al-Kibsi, McKinsey Middle East Managing Partner, said: Everyone quickly points out the challenges youth face in our region. While these challenges are real, what is most concerning is the defeatist tone underpinning these conversations one that essentially says, theres no point in even trying. We too, see the challenges, but we also believe that there are incredible opportunities. Youth here are as talented as youth anywhere. We believe in them. We believe in their potential. And we are committed to helping enable a bright future and hopefully in the process creating more optimism about what lies ahead.
Khalid Aljihrish, co-author of the report, said: When I was younger, opportunities for youth at a better economic future in the region were few and far in between, especially for youth who grew up in lower income parts of the region. I was one of the lucky ones who had one of those few tickets to a brighter future. Even though many countries in the region, both through private and public initiatives, are undergoing impressive transformations today to broaden economic opportunities available to their youth, there is still much to be done. We hope that the ideas we share in this report help broaden the positive impact of ongoing initiatives and help make the ticket to a brighter future I had when I was younger available to a much larger subset of youth in the future.
To learn more about the game-changers, read the full report here: https://www.mckinsey.com/middle-east/our-insights/opportunity-youth#
Some insights that helped inform the reports game-changers
About McKinsey & Company
McKinsey & Company is a global management consulting firm. We are the trusted advisor to the worlds leading businesses, governments, and institutions. Since 1957, we have helped the Middle East region unlock growth and development, build champions in major industries, and nurture the talent of the next generation. The work of all eight of our locationsAbu Dhabi, Cairo, Doha, Dubai, Karachi, Kuwait, Manama, and Riyadhis underpinned by our deep local roots, global reach, and investment in knowledge. The Middle East Office is committed to making a difference in the communities we serve. Through client work, dedicated social impact programs, and pro-bono initiatives, we are working to address some of the regions most pressing social and economic challenges. With more than 600 colleagues and over 60 nationalities represented, we are proud to be one of the most diverse offices in the Firm globally.
*Source: AETOSWire
1 McKinsey research based on International Labor Organizationmodeled estimates of labor force participation for all 18 countries between 2020 and 2040.
2 James Manyika, Sree Ramaswamy, Jacques Bughin, Jonathan Woetzel, Michael Birshan, and Zubin Nagpal, Superstars: The dynamics of firms, sectors, and cities leading the global economy, Oct 2018, McKinsey.com.
3 Anu Madgavkar, Olivia White, Mekala Krishnan, Deepa Mahajan, and Xavier Azcue, COVID-19 and gender equality: Countering the regressive effects, July 2020, McKinsey Global Institute, McKinsey.com.
4 Ease of access to capital, World Bank.
Contacts
Kelly Kolker
Email: kelly_kolker@mckinsey.com
Suzanne Sebiane
Email: Suzanne_sebiane@mckinsey.com
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