The Chairman of the Federation of Chambers of the Gulf Cooperation Council and the President of the Federation of Saudi Chambers, Ajlan Al-Ajlan, called on the governments of the GCC countries to promote the growth of the Gulf economies and the business of the private sector and to continue the efforts of economic diversification.
He pointed out that "the Gulf private sector is looking forward to accelerating the implementation of all the Gulf economic integration initiatives, projects and programs that the Al-Ula summit decided to implement by 2025, such as the customs union, the Gulf common market, food security and the Gulf railway network."
Al-Ajlan’s invitation came during his opening speech at the 59th meeting of the Council of the Federation of Gulf Cooperation Council Chambers, which was hosted by the Kuwait Chamber of Commerce and Industry, with the participation of the President of the Kuwait Chamber of Commerce and Industry Muhammad Jassim Al-Saqer. The President of the Federation of Chambers of Commerce and Industry of the United Arab Emirates Abdullah Muhammad Al Mazrouei, the President of the Qatar Chamber Sheikh Khalifa bin Jassim Al Thani, and the President of the Chamber of Commerce and Industry of the Sultanate of Oman Rida bin Juma Al Saleh also participated.
Al-Ajlan stressed, "The meeting is taking place amid many regional and international developments, which the Gulf Cooperation Council countries have met by taking many economic and financial measures to protect their economies, maintain their stability, and continue their growth, especially the measures they have taken in terms of stabilizing oil markets."
The meeting of the Council of the Federation of Gulf Chambers reviewed the decisions of the 58th meeting of the Council, its recommendations, the final financial accounts of the General Secretariat of the Federation for the year 2021, and the comparative report between the revenues and expenditures of the General Secretariat of the Federation for the year 2022. The participants in the meeting also dealt with the work program of the General Secretariat of the Union for the year 2023, which emphasizes the importance of working to strengthen the bonds of cooperation between the General Secretariat of the Union and the General Secretariat of the Cooperation Council for the Arab States of the Gulf. Through activating participation in the meetings of the Gulf Common Market Committee, which operates within the framework of the Cooperation Council, and the second joint meeting between representatives of the ministries of labor and social affairs in the countries of the Cooperation Council and representatives of unions and chambers Members. As well as, supporting the process of economic integration among the GCC states along with the government sector, in order to achieve the desired goals of the union, which were set by its statute, taking into account the expected economic developments for the coming year.
The heads and members of the boards of directors of the federations and member chambers of the Federation of Gulf Chambers reviewed the estimated draft budget for the next year 2023. Which was prepared based on the priorities of the General Secretariat of the Union in accordance with the proposed work program for the new year, and the analytical data provided by the public administrations in the Union.
Source (Al-Qabas Kuwaiti Newspaper, Edited)
