The Gold and Jewelry Committee of the Qatar Chamber (QC) has held a joint meeting with the Ministry of Commerce and Industry (MoCI) to examine key challenges affecting the gold and jewelry sector and to explore practical measures to support its long-term growth and sustainability.
The meeting was chaired by QC Board Member and Chairman of the Committee Nasser bin Sulaiman Al Haider and attended by ministry officials led by Ahmed Al Marzouqi, Director of the Corporate Affairs Department.
Focus on market pressures and structural challenges
Discussions centered on the evolving challenges facing the sector amid changing market conditions. Committee members highlighted several pressing concerns, including declining local demand and rising global gold prices, both of which have impacted overall market performance.
A series of proposals were presented to address these challenges, many of which fall within the regulatory and operational scope of the Ministry of Commerce and Industry.
Al Haider reaffirmed Qatar Chamber’s commitment to supporting the sector through close coordination with relevant government entities. Nasser bin Sulaiman Al Haider emphasized the importance of continued cooperation between the Chamber and the Ministry to ensure effective responses to industry challenges and to enhance overall sector competitiveness.
Al Marzouqi highlighted the Ministry’s proactive engagement with stakeholders to better understand industry concerns. He noted that the Ministry is closely monitoring developments in collaboration with the Qatar Chamber and will study the issues raised to identify appropriate policy responses.
Proposals for sector development
Participants reviewed several priority areas requiring attention, including the need for improved banking facilities to support gold bullion purchases and better alignment of local gold pricing with international market benchmarks.
The discussions also underscored the importance of strengthening local manufacturing capabilities, improving access to warehousing infrastructure, and streamlining licensing procedures through enhanced inter-agency coordination.
The meeting concluded with a consensus on the importance of holding regular committee sessions to ensure continuous engagement and timely resolution of sectoral challenges.
Participants stressed that sustained collaboration between public and private stakeholders will be essential in reinforcing the competitiveness and long-term development of Qatar’s gold and jewelry industry.
