The Qatar Chamber has made efforts over the past several
years to meet a goal of economic diversification by encouraging the
private sector to develop a larger role in the region’s economy, Qatar Chamber President Sheikh Khalifa bin Jassim Al Thani said recently.
During the chamber’s General Assembly meeting on May 19, Al Thani said that supporting the private sector has led to an increase in
contribution to the GDP, which was a main concern of the chamber.
Al Thani said that during 2015, the chamber held more than 70 meetings with trade delegations from different countries.
In an effort to promote the private industries, the chamber held many meetings
with trade delegations and continuously supported the private businesses in an
effort to build the value offered by those companies within Qatar.
In addition, the Qatar Chamber hosted a variety of
exhibitions and conferences that resulted in positive movement for the private
sector businesses. Some events to note included the fourth Made in Qatar Exhibition, the first Gulf Economic Forum, GCC Businesswomen Forum and Made in
China Exhibition, all of which brought in a large number of visitors and businesses.
The decline in oil prices has sparked a global economic
crisis, which is only magnified by the decline in global growth rates, Al Thani said. The Qatar Chamber also showed concern for volatility
in the Arab region and fear that has grown within the GCC economies.
