The private sector plays a key role in the development of the Gulf economy – ARAB TIMES


RIYAD, December 13: The private sector plays a key role in the development and integration of the Gulf economy, Federation of Gulf Cooperation Council Chambers (FGCCC) chairman Samir Nass said on Sunday. Nass, who heads the Bahrain Chamber of Commerce and Industry, told the Federation’s 56th board meeting that economic integration projects such as the customs union, the Gulf market, the rail network, food safety and location of investments. All these issues are primarily related to the private sector and together form the best means of addressing the challenges facing the Gulf economies, he added.

He expressed his pride in holding this meeting as well as the schedule for holding the next 42nd Cooperation Council for the Arab States of the Gulf in Riyadh on December 14. Meanwhile, the first vice president of the Federation of Gulf Chambers, chairman of the Federation of Saudi Chambers, Ajlan Al-Ajlan, expressed his aspiration to achieve achievements and work to remove obstacles and intensify incentives for enable the private sector in the Gulf to exercise its national role.

In this meeting, organized by the FGCCC, with Nass and Al-Ajlan, many personalities participated including the chairman of the board of directors of the Kuwait Chamber of Commerce and Industry Mohammad Al-Saqer, the second vice-chairman of the Federation and the President of the Oman Chamber of Commerce and Industry Ridha Al-Saleh, the Secretary General of the Federation of Gulf Chambers, Dr Saud Al-Mashari, and the heads of the chambers of commerce of Gulf and the members of their boards of directors, and the General Secretariat of the Federation. The meeting addressed a number of vital issues, including the approval of the minutes of Federation Council Meeting No (55) of the Gulf Cooperation Council Chambers, the follow-up to its decisions and the evolution of the construction of the headquarters of the General Secretariat. of the Federation of CCG Chambers. (KUNA)


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