Qatar supports all initiatives that enhance Arab private sector position: Minister of Commerce and Industry

Doha: Minister of Commerce and Industry HE Sheikh Mohammed bin Hamad bin Qassim Al Thani has underscored Qatar s support for all initiatives that stre...

Doha: Minister of Commerce and Industry HE Sheikh Mohammed bin Hamad bin Qassim Al-Thani has underscored Qatar's support for all initiatives that strengthen the Arab private sector position in the economic arena, stressing the importance of developing cooperation between business sectors of the Arab world, activating and upgrading the Arab private sector for the advantage of Arab economies and the efforts of achieving the Arab economic integration.

This came as His Excellency delivered a speech at the 135th Session of the Council of the Union of Arab Chambers in Doha on Sunday. The meeting was attended by Qatar Chamber Chairman HE Sheikh Khalifa bin Jassim Al Thani, and the Assistant Secretary-General and Head of the Economic Affairs Sector of the League of Arab States HE Ambassador Dr. Ali bin Ibrahim Al Malki, along with the heads of federations and chambers from Arab countries.

HE the Minister of Commerce and Industry noted that the Arab region enjoys enormous potential, abundant wealth, diverse natural resources and advanced human potential, assuring that these resources qualify the Arab world to occupy a prominent position on the map of the global economy. His Excellency praised the tireless efforts made by Their Majesties, Highnesses and Excellencies the Arab leaders to capitalize on these resources to achieve Arab economic integration, achieve sustainable development and fight poverty and unemployment will bear fruit through flexible economic policies in which the private sector plays a leading role.

The Arab region offers plenty of promising investment opportunities in various fields, especially in light of the existence of leading economic laws and Arab free zones, which provides greater opportunities to promote economic integration, activate intra-Arab trade, and create a sustainable and diversified Arab economy, His Excellency added.