The fifteenth consultative meeting of the Ministers of Commerce and Industry of the Gulf Cooperation Council and the heads of the chambers of commerce and industry of this council was held in Manama. In this meeting, Engineer Ghaleb Said Al-Maamari, Deputy Minister of Commerce, Industry, and Investment Promotion of Oman, led the Omani delegation, and Rashid Amer Al-Maslahah, First Vice Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry, also represented this chamber.
Emphasis on Economic Cooperation in Current Conditions
The main focus of discussion in this meeting was the importance of the relationship between the public and private sectors in the Gulf Cooperation Council countries in the current crisis. This meeting highlighted the challenges facing the private sector in the Gulf and sought to provide suitable solutions to overcome these challenges.
This session emphasized efforts to achieve initiatives that would help the growth of the private sector, so that this sector becomes a strong economic engine and contributes to economic stability and development in the Gulf Cooperation Council countries, strengthening their position as a global financial and economic hub.
The Necessity of Strengthening Economic Cohesion and the Logistics System
Sheikh Khalifa Jassim Mohammed Al Thani, President of the Federation of Gulf Chambers, emphasized the importance of strengthening Gulf cohesion and building a flexible trade and logistics system capable of coping with regional and international changes and disruptions. This will help maintain the flow of goods, ensure market security, and increase the competitiveness of the private sector.
Rashid Amer Al-Maslahah also explained that this meeting discussed a package of important economic and strategic issues. Among these topics were the challenges of the supply chain and transportation related to containers and strategic goods warehouses, as well as ways to cope with rising transportation and marine insurance costs.
He added that this meeting emphasized the need for close cooperation between the Federation of Gulf Chambers, the General Secretariat, and relevant authorities in the Gulf Cooperation Council countries to achieve practical and advanced solutions that help eliminate bureaucratic obstacles and create an attractive investment environment for the Gulf business community.
