"We have six operating academies in Oman today," DuMont said. "These academies enable us to provide educational opportunities for impoverished youths around the globe."
Sam Hamdan, chairman of the Global Leadership Team, a consulting firm specializing in strategic management, said the summit would focus on bridging the digital divide and enabling societies, regardless of disadvantages, to achieve empowerment. The agenda covers needs identified in the 2003 UNDP Arab Human Development Report.
CNBC will host live town meetings with youths in the Arab world.
Events at the summit will target youth and women in under-developed countries while examining six pillars, or actions, needed to spur innovation and entrepreneurship. They include: improving infrastructure to achieve global competitiveness; empowering human development to speed up knowledge partnerships; inspiring minds to leverage imaginative talents for sustainable development; making innovations foster better governance and legal reforms; sharing reports from leaders and entrepreneurs on stimulating growth ventures; and exploring the impact of innovation trends on future generations.
Participants will discuss how to create open investment climates, access to funding, increased trade capacity and improve infrastructure. They will also look at how to encourage youth development, knowledge dissemination, leadership for women, education for all, and innovation networks. Environmental and geopolitical issues will be discussed as well. Those include: sustainable policies, renewable energy, green supply chains, oil wealth management, governance, intellectual property rights, religious innovation, security and conflict resolution and demographics.
IT topics will cover electronics, telecommunication, biotechnology, chemicals and environmental technologies, wireless innovations, e-government, information security, nanotechnology and open source innovations.
Robert Lifton, chairman of the board and chief executive officer of Medis Technologies Ltd., said during the press briefing that although his company is small compared to many of the heavy hitters attending the summit, he believes small businesses are crucial to solving some of the biggest challenges in the world. In addition to job creation, they hold potential for discovering new ways to deal with old problems. He pointed to a cell scan product his company has introduced to allow in-vitro testing of individual chemotherapy regimens on a patient's cancer cells.
Casper Sonesson, acting director of the U.N.'s Division of Business Partnerships, backed Lifton's statements up, saying that the private sector is the main engine for development and businesses hold the keys to development goals.