During its participation in a seminar held in Muscat, Oman, under the title "The Role of the Private Sector in Economic Diversification in GCC States," Qatar Chamber (QC) explored the ways for economic and development integration in the GCC states.
The two-day seminar aimed to exchange ideas and experiences and learn about the private sector's role in the GCC states' economic diversification.
QC Board member Abdul Rahman bin Abdullah Al Ansari, who represented the chamber at the seminar, stressed the growing role of the Gulf private sector in Gulf economic activity, attracting investments and creating job opportunities in the GCC states. He pointed out that the event explored mechanisms of establishing a highly competitive private sector in the region that can compete internationally. It highlighted the role of the private sector in realizing the initiatives, projects, and programs for the GCC economic integration.
Al Ansari indicated that the private sector has become an important partner for the government sector, whether in the State of Qatar or the GCC states in general. He noted that such seminars can contribute to deepening the relationship between the public and private sectors and maximizing the role that the private sector plays in supporting Gulf economies.
The discussion panel covered several working papers, most notably: "Supporting and Empowering the Private Sector," "The Role of the Private Sector in Achieving Economic Diversification and Enhancing Competitiveness," "Reducing Money Migration Abroad," "The Reinsurance Sector," "Motivating the Private Sector to Contribute to... Economic Diversity" and "Youth Orientation in Economic Diversity."
The second day's work included several visual presentations and working papers on opportunities and challenges in the private sector in the face of economic diversification, the role of the digital economy in the GCC states, and the role of foreign direct investment in enhancing Gulf economic diversification. (QNA)
