Qatar Chamber Chairman Calls for Arab economic integration
Chairman of the Qatar Chamber (QC) HE Sheikh Khalifa bin Jassim Al-Thani presided over the Chamber’s delegation participating in the 59th meeting of the Federation of Gulf Co-operation Council Chambers (FGCCC) and in the 133rd meeting of Board of Directors of the Union of Arab Chambers (UAC) which were held on Tuesday and Wednesday in the State of Kuwait.
The delegation included QC board members Mohamed bin Mahdi Al-Ahbabi and Mohamed bin Ahmed Al-Obaidly and the general manager Saleh bin Hamad al-Sharqi, as well as Chairman’s adviser Alsayed Rajab, economic adviser Dr Mohamed Ibrahim, and Director of General Manager Office Mohammad Al Mohannadi.
The FGCCC meeting touched on many topics in connection with enhancing economic and trading links between GCC states, in addition to revitalizing the role of private sector in the Gulf economy in a way that helps in maximizing the intra-Gulf trade.
It further reviewed the final financial accounts and a comparative report between the revenues and expenses of the Federation’s General Secretariat for the year 2021 and the updates on the construction of the new headquarters, as well as a draft work program and the draft estimated budget of the General Secretariat for the year 2023.
On the other hand, the UAC meeting discussed means to enhance mutual investments between Arab countries, the most prominent obstacles facing the intra-Arab trade in light of the digital transformation, the requirements of the sustainable development and the global challenges, as well as the emerging challenges in global trade and the opportunities available to the Arab economy.
On the sidelines of these meetings, HH the Crown Prince of Kuwait Sheikh Mishaal Al-Ahmad Al-Jaber Al-Sabah met with the heads of the participating delegations, including QC Chairman HE Sheikh Khalifa bin Jassim Al-Thani.
In press statements, Sheikh Khalifa stressed the importance of achieving the economic integration between GCC states and enhancing the role of the Gulf private sector in economic activity, as well as underpinning the mutual investments between member states.
HE pointed out to the FGCCC’s role in addressing all issues related to strengthening co-operation between the Gulf chambers for the benefit of the Gulf economy.
HE also assured the importance of facilitating intra-Arab trade by combating obstacles that might hinder its development, pointing to the great potential of Arab countries in achieving Arab economic integration.