Private sector ‘vital’ to ensure sustainable economy in GCC

Private sector ‘vital’ to ensure sustainable economy in GCC

MANAMA: Talks involving the chiefs of commerce chambers in the Gulf Cooperation Council (GCC) are pivotal in pushing forward cooperation within the six-member bloc, Kuwait Chamber of Commerce chief Mohammad Al-Saqer said on Sunday. Such talks are also instrumental in bolstering cooperation between the public and private sectors in the region, Kuwait Chamber of Commerce chief Mohammad Al-Saqer told KUNA on the sidelines of pan-GCC talks in the Bahraini capital that brought together commerce chamber heads and the bloc’s secretary general, Jasem Al-Bedaiwi.

These talks are also imperative to solidify economic relations within the wider Gulf Arab region, he emphasized. Meanwhile, GCC Secretary-General Jassim Al-Budaiwi said that the private sector is one of the most essential pillars in ensuring a sustainable Gulf economy capable of facing economic challenges. This came in a speech during his participation in the 62nd meeting of the Board of Directors of the Gulf Chambers, hosted by the Kingdom of Bahrain, headed by the Saudi President of the Federation of Gulf Chambers for the current session, Hassan Al-Huwaizi, and with the participation of the Kuwait Chamber of Commerce and Industry Chief, Mohammad Al-Saqer.

Al-Budaiwi conveyed to the Board of Directors the assurances of the leaders and presidents of