Qatar’s private sector has continued to play an active role in maintaining the country’s economic development amid the challenges wrought by the impact of the novel coronavirus (Covid-19) pandemic.
In the April issue of Qatar Chamber’s monthly economic magazine, Al Moltaqa, director general Saleh bin Hamad al-Sharqi said Qatar’s private sector gave a rapid response to the State’s plans and directives to protect the country and its residents from the impact of the health crisis.
Qatar Chamber director general Saleh bin Hamad al-Sharqi
Al Moltaqa’s April issue, which is now being circulated in PDF format, also focuses on the developing role of the private sector in the country’s economic activity, sustainable development initiatives, and the government’s responsibility towards society.
The magazine also emphasised Qatar Chamber’s ongoing role during the pandemic. At the onset of the health crisis, the chamber activated a series of initiatives and meetings through its board of directors, sectorial committees, and executive management, “leaving no stone unturned in combating the repercussions of the spread of Covid-19.”
Qatar Chamber also announced a number of measures to ensure that the private sector is playing “a complementary role” in the measures taken by the government to address the impact of the pandemic on the economy.
According to Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani, the chamber formed an emergency committee to monitor economic developments related to the Covid-19 crisis.
The committee acted as a focal point between companies and government bodies in minimising health-related and economic impacts of the virus.
It also monitored all developments in all economic sectors, and ensured the flow of goods and commodities to locked-down zones at the Industrial Area where many commercial companies are operating.
The committee also served as a communication link between companies and government agencies, Sheikh Khalifa said.
Other measures launched by the chamber included the ‘Takatuf’ initiative, which urges its members, public and private joint-stock companies, and businessmen to support the country’s efforts to arrest the spread of the coronavirus.
The chamber also expanded its online services through a system established last year, which implements the standards of the International Chamber of Commerce in issuing certificates of origin.
Qatar Chamber also adopted work from home protocols and installed 24/7 hotlines to answer inquiries from merchants and businessmen.
According to al-Sharqi, the succeeding PDF issues of Al Moltaqa will be sent to all Arab, foreign, and joint chambers around the world.
“Al Moltaqa aims to provide a monthly analysis of the Qatari economy, and the most important stories that are of interest to businessmen and investors. It would also provide an overall view of the economy, economic sectors, and investment climate of Qatar,” al-Sharqi added.