DOHA: Qatar Chamber (QC) has participated in the meeting of the 129th session of the Council of the Union of Arab Chambers (UAC) which was held in Muscat on Monday.
QC Chairman, Sheikh Khalifa bin Jassim bin Mohammed Al-Thani (pictured), headed the Chamber’s delegation in the meeting which was attended by Oman Minister of Commerce and Industry, Dr. Ali bin Masoud al Sunaidy, Chairman of Oman Chamber of Commerce and Industry, Qais bin Mohamed Al Yousef as well a number of chairpersons of Arab chambers.
The chamber’s delegation included the board member Mohamed bin Ahmed Al Obaidli and Chairman’s Advisory Al Sayyed Ragab.
The meeting discussed the Union’s 2018 financial report, final budget, audit report as well as the draft budget of 2019 and the appointment of audit for the year 2019.
It also reviewed events and activities of the Union during the current year including Transport and Logistics Conference in Arab World, 7th Investment in Arab Food Security Conference, Arab Chambers’ Executives Seminar, joint chambers meetings, affairs of joint Arab-foreign chambers, Arab-Russian Business Council and Arabia Expo scheduled in April in Moscow.
Sheikh Khalifa said that the Union reviewed outcomes of the meeting held in Kuwait in January on the “Electronic Arab Market”.
He noted that the joint electronic Arab market aims to link All Arab chambers electronically, as well as link businessmen an importing and exporting companies, affirming that this project would help in developing and boosting intra- Arab trade which estimated at only 13% of the total Arab trade volume.
Sheikh Khalifa stressed Qatar’s interest to support all efforts for developing joint Arab action, noting that Qatar Chamber is seeking to cooperate with Arab chambers to enhance trade cooperation among member countries in the aim of increasing trade exchange, achieving the integration among Arab chambers and developing Arab economy in general.
On his part, Chairman of Oman Chamber of Commerce and Industry, Qais bin Mohamed Al Yousef said that the meeting’s attendees were keen to introduce recommendations that help in enhancing the Arab economic and investment integration and developing intra-Arab trade.
The Oman Minister of Commerce and Industry Dr. Ali bin Masoud al Sunaidy said that the Sultanate has adopted “Tanfeez” public-private partnership program which aims to develop industry, tourism, mining, fisheries and logistics, noting that the private sector plays a key role in this program.
On the sidelines of the meetings, heads of Arab delegations met with Oman Deputy Prime Minister for International Relations, Affairs and Cooperation, and His Majesty’s Special Representative Asaad bin Tarek Al Said. The meeting reviewed means of enhancing trade and investment relations among Arab countries and strengthening economic ties and private sector.
