Qatar Chamber Calls for Localize Investments in Arab Countries, Support Growth of Inter-Arab Trade

Cairo, February 21 (QNA) - HE Qatar Chamber (QC) Chairman Sheikh Khalifa bin Jassim Al-Thani called for facilitating the establishment of mutual investments that attract foreign investments, localize investments in Arab countries, and support the growth of inter-Arab trade. This came in QC Chairman's speech, during the 132nd meeting of Board of Directors of the Union of Arab Chambers (UAC) held in Cairo, with the participation of the heads of unions and chambers of commerce and industry in the Arab member states of the Union. HE Sheikh Khalifa bin Jassim Al-Thani, who chaired Qatar's delegation in the meetings, stressed the leading role played by the Union in activating the intra-Arab trade and supporting the Greater Arab Free Trade Area (GAFTA) to achieve the Ara common market. HE also underscored the importance of developing cooperation and working to highlight the most prominent areas and investment opportunities available in Arab countries, as well as facilitating the establishment of mutual investments that attract foreign investments, localize investments in Arab countries, and support the growth of inter-Arab trade. HE Sheikh Khalifa also added that the Qatar Chamber's support for support for the Arab joint action in the various economic and commercial fields, stressing the need to strengthen intra-Arab trade, which is still below the level of ambition, because of its importance in achieving the desired Arab economic integration. He added that Qatar Chamber will continue to coordinate with various Arab Chambers to achieve this goal. The meeting touched on several issues and topics that are related to the Arab private sector, activities, and events the Union held last year and the work plan for the year 2022 in addition to reviewing reports and recommendations of the financial and executive committees. Discussions also focused on updates of the global economy and business environment and other issues that help in boosting Arab cooperation in economic and commercial spheres. (QNA)