Chairman of Qatar Chamber participated in the Business 20 (B20) Indonesia Summit and the ICC Executive Board Meeting in Bali, Indonesia.
HE Sheikh Khalifa bin Jassim Al-Thani, Chairman of the Qatar Chamber and the International Chamber of Commerce (ICC) Qatar, participated in the B20 Indonesia Summit 2022 and the 178th ICC Executive Board Meeting in his capacity as a member of the ICC Executive Board.
The B20 Indonesia Summit, which took place on the 13th and 14th of November 2022, brought together more than 1,000 Chief Executive Officers (CEOs) from around the world, influential business and state leaders, and other stakeholders from the international business community from across various industries.
Held as a sideline event on the 15th of November in Bali, Indonesia, the ICC Executive Board Meeting was convened to gather the governing body that is responsible for developing and enacting ICC’s strategy, policy and programme of action, as well as overseeing the financial affairs of the world business organization.
The B20 is the official G20 engagement group and the official G20 dialogue forum for the global business community, with a mandate to deliver actionable policy recommendations on the priorities established by the presidency that is aimed to spur economic growth and development, meanwhile, addressing and honing on different key global issues, such as digitalization, climate action and gender-related issues. Subsequently, the policy recommendations are conveyed to the G20 Presidency at the G20 Summit.
This year, the B20 Summit was organized by the Indonesian Chamber of Commerce and Industry (KADIN Indonesia) at the behest of the Government of Indonesia, which holds the current G20 Presidency.
The summit was held under the theme of ‘Advancing Innovative, Inclusive and Collaborative Growth’ in support of the G20 theme of ‘Recover Together, Recover Stronger’.
HE Sheikh Khalifa underscored the importance of the B20 Summit, as it offers the business community an opportunity to partake in a dialogue directly involved with the world’s largest economies. The G20 countries are known to account for 80% of the world’s GDP, 75% of global trade, and 60% of the world’s population, making their impact on the global economy incredibly significant.
He added that “the themes under this year’s presidency – innovation, inclusivity and collaboration – were able to springboard important focus areas, ultimately resulting in imperative, productive and very relevant policy recommendations as well as opening up crucial discussions at a high level that reflect the current global issues faced by the real economy”.
HE Sheikh Khalifa highlighted that “climate change might pose a risk on business continuity. Due to the rise in multi-stakeholder interactions concerning climate and the environment, climate action is being realized and actualized across the board even more and more. At the same time, this is evident as global trends are witnessing more investments in green projects”.
He noted that “Qatar attaches great importance to renewable and clean energy. Recently, in October 2022, Qatar inaugurated the Al Kharsaah Solar Power Plant (KSPP) on an area of 10-square kilometers and has more than 1,800,000 solar panels which aims to meet 10% of electricity demand”.
HE Sheikh Khalifa pointed out that innovation is one of the key tools to accelerate economic growth, affirming that Qatar is actively working to strengthen its digital infrastructure to support and build a robust digital economy.
In line with the public-private partnership discussions at the Summit, HE Sheikh Khalifa referred to Qatar’s Private Public Partnership (PPP) law which was passed in 2020, offering numerous fiscal and non-fiscal benefits. Since the law has come into effect, many projects have been implemented across various economic sectors, such as health, education, and tourism, facilitated by the PPP law.