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Private sector plays key role in dev of Gulf economy

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RIYADH, Dec 13: The private sector plays a key role in the development and integration of Gulf economy, Chairman of the Federation of Chambers of the Gulf Cooperation Council Chambers (FGCCC), Samir Nass said earlier on Sunday. Nass, who is heading Bahrain Chamber of Commerce and Industry, said at the 56th meeting of the Federation’s Board of Directors that economic integration projects such as the customs union, the Gulf market, the railway network, food security, and the localization of investment. All these issues are related to the private sector at the first place, and form together best means to encounter challenges facing the Gulf economies, he added.

He expressed his pride in holding this meeting along with the timing of holding the upcoming 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, President of the Federation of Saudi Chambers, Ajlan Al-Ajlan, expressed his aspiration to achieve achievements and work to remove obstacles and intensify incentives to allow Gulf private sector to practice its national role.

In this meeting, hosted by FGCCC, along with Nass and Al-Ajlan, many figures participated including the Chairman of the Board of Directors of the Kuwait Chamber of Commerce and Industry Mohammad Al- Saqer, the Second Vice-President of the Federation and the Chairman of the Oman Chamber of Commerce and Industry Engineer Ridha Al-Saleh, the Secretary- General of the Federation of Gulf Chambers, Dr. Saud Al-Mashari, and heads of the Gulf Chambers of Commerce and members of their boards of directors, and the General Secretariat of the Federation. The meeting tackled a number of vital issues, including approving the minutes of the meeting No. (55) of the Council of the Federation of Gulf Cooperation Council Chambers, following up on its decisions and developments in the construction of the headquarters of the General Secretariat of the Federation of GCC Chambers. (KUNA)

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