Muscat: The Young Arab Leaders UAE chapter announced yesterday the signing of a memorandum of understanding (MoU) with Junior Achievements Argentina, a non-profit educational organisation that aims to help young entre-preneurs.

Under the agreement, 10 Arab youth will travel to Argentina to benefit from the Junior Achievement Company programme. The students will be guided by a role model from the local business community to help them conceptualise and operate an actual business enterprise.

Al Ahli Group, a UAE-based organisation, and Nakheel, a Dubai World company, are sponsoring the initiative.

Mohammad Khammas, vice-chairman of YAL-UAE chapter and CEO of Al Ahli Group said: "YAL's collaboration with Junior Achievement Argentina is a step towards achieving our goal to create a pool of Arab entrepreneurs that will be comparable to the best in the world. I would like to take this opportunity to thank Nakheel for supporting this initiative."