20 February 2017
The Qatar Chamber’s (QC) ‘Made in Qatar’ debut in Riyadh attracted a significant participation and witnessed the presence of senior Saudi officials and business owners, Qatar Chamber  Chairman Sheikh Khalifa bin Jassim bin Mohammed Al-Thani (pictured) has said.

Sheikh Khalifa said the event offered a good chance to hold meetings, events and joint business forum. The forum was instrumental to discuss how to increase joint investments between the two countries, and was an opportunity to explore ways to take advantage of Qatari and Saudi Arabian Industries in promoting intra-regional trade, searching for investment opportunities available in both countries and encouraging Qatari and Saudi businessmen to establish joint economic projects that serve the two brotherly countries.

On the issue of business owners easy access to financing, QC Chairman said that all indicators show that there is a desire from the Qatari wise leadership and government to support private sector's participation in economic development and provide a greater role for it.

He added that the issue of funding is an obstacle facing business owners in some areas, but he expressed confidence that the Qatari banking system is capable of supporting business owners and investors' projects to meet the ambitions of economic growth in various fields..

Regarding  better access to the global market the QC Chairman said that the existing legislations still need to be developed in some aspects so that they keep pace with economic developments, so they can meet the ambitions and aspirations of the Qatari businessmen, but he said that the recently issuance of laws or bills in this regard stresses that there is interest on developing the legislative and legal structure, encouraging and motivating the private sector and facilitating business development.

He stressed the importance of the availability of economic information and data for business owners because it gives them an indication about the economic process and new projects, adding that Qatar Chamber provides for business owners what they need of information and data on economic activity, as the annual report of Qatar Chamber includes a study of economic indicators, in ageneral.

Regarding the challenges to develop the cooperation between the GCC Chambers, he said that the Federation of Chambers of the GCC  is working to enhance cooperation between the GCC Chambers.

© The Peninsula 2017