Qatar Chamber encourages efforts to increase joint Arab investment; Chairman

By Shilpa Annie Joseph, Desk Reporter
  • Follow author on

Qatar Chamber (QC) Chairman Sheikh Khalifa bin Jassim al-Thani has stated that the Chamber supports all efforts aiming at developing intra-Arab trade and increasing joint Arab investments.

QC Chairman was participating in the Chamber’s delegation participating in the 131st meeting of the Union of Arab Chambers and the 55th meeting of the Federation of GCC Chambers which were convened in Dubai. The meetings were attended by a number of chairpersons and board members of Arab and GCC chambers.

He further emphasized the ongoing coordination between Arab chambers of commerce and industry, as well as the Union of Arab Chambers’ tireless efforts to boost trade and mutual investments among Arab countries and achieve the desirable Arab economic integration.

According to the reports, “The agenda of the 131st meeting of the Union of Arab Chambers discussed many issues and topics such as reviewing activities of the Union during the last period and reports and recommendations of the financial and executive committees and Joint Chambers Affairs Committee.”

The meeting also examined the Union’s final accounts, the auditors’ report, and a report from the General Secretariat on the Union’s financial status for the year 2020, as well as a summary of member chamber subscriptions and dues, and the expected budget for the year 2021.

Meanwhile, the 55th meeting of the Federation of GCC Chambers discussed many topics that intend at enhancing economic and commercial relations among GCC states. It has further reviewed the draft annual report of the General Secretariat of the Federation for the year 2021, updates of the establishment of the new headquarters of the Federation, the final accounts of the General Secretariat for the year 2020, and the appointment of an auditor for the year 2021.

Related: Qatar, Equatorial Guinea explore ways to boost trade relations