"In the end, all business operations can be reduced to three words:
People, Product and Profits"
Lee Iacocca
American Automobile Executive - Retired
Operational Theory: summarized – specifics to be created by participating countries and committees
- Organize a world partnership that will help develop the Middle East over a10 year period;
- Help create foundational documents like needs assessments, community plans, and zoning concepts;
- Supply the region with money for projects that will stimulate economic growth and create jobs as well as solve social ills;
- Introduce programs that will train and educate the citizenry for a 21st century workforce;
- Create small businesses and supportive loan programs that are awarded based on education and/or financial success;
- Meeting established standards (goals) or completion will be rewarded with advancement to the next round of project funding.
Operational Structure: not for profit organization and structure
- All Contributory Members will be on the Governing Board (GB) and the option to sit on at least one committee;
- All committees will follow Roberts Rules of Order, establish meeting schedules and review/award projects
- All members have 1 vote;
- Awarded based on competitive bidding, committee projects will be put out for bid using a public RFP Process;
- Projects will provide a viable transparency process that ensuring that the allocated funds are spent properly;
- Projects will be approved/denied first by a committee and then the Governing Board;
Project Policy Categories: others may be established based on discussion and/or need – by vote
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Employment Training – $12.5B
-
Infrastructure & Construction – $16.5
Hospitals, Libraries & Schools – $10.1B
Water & Resources – $13.5B
Energy & Greenhouse Gases – $16.4B
Factories & Machinery – $23B
Agriculture & Farming – $18.5B
Telecommunications – $18.1B
Safety & Security $8.1B
Financial Markets $13.1B
10 year Operational Overhead – $3.1B
Total: $152.5 Billion
The Project Selection Process: Failed projects will be put on hold, funding revoked or cancelled by committee or board vote;
1) Award funds to two types of projects:
a. Suggest regional projects and programs supported or sponsored by the committee;
b. Individual countries will apply for specific projects of interest or need;
2) Seed money of up to $2.5 million will be available to develop Committee related regional projects with board approval;
3) Seed money of up to $1 Million will be made available to develop country specific projects with board approval;