GCC chief: Consultative meeting of commerce ministers, chamber heads boosts regional cooperation

Gulf Cooperation Council Secretary-General Jasem Mohammed Albudaiwi said the 15th consultative meeting between commerce ministers and heads of chambers of commerce from GCC states serves as a strategic platform for dialogue, bringing together policymakers and decision-makers with private sector representatives. He noted that the meeting represents the highest level of engagement between government officials and the private sector, aiming to strengthen cooperation and stimulate economic growth in GCC countries, as well as address regional and international economic challenges facing the Gulf private sector.

According to a GCC statement, these remarks came during the 15th consultative meeting held today in Manama, Bahrain, chaired by Bahrain’s Minister of Industry and Commerce, Abdullah bin Adel Fakhro, who currently presides over the session, and attended by commerce ministers and heads of chambers from GCC member states.

In his address, Albudaiwi highlighted the vital role played by the private sector in achieving national objectives and advancing joint Gulf cooperation. He said the 15th consultative meeting aims to spotlight the challenges facing the Gulf private sector and to work on overcoming them by proposing appropriate solutions, in line with the directives of GCC leaders who are keen to support and empower the sector to play an active role in achieving economic integration among member states.

Albudaiwi concluded by expressing hope that the 15th consultative meeting of commerce ministers and chamber heads would help focus efforts on the agenda topics, with the goal of launching initiatives that support the growth of the private sector in the GCC. He said this would enable the sector to become a strong economic driver, contributing to economic stability and development in the region, and enhancing the GCC’s position as a global financial, investment, and economic hub.

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