Qatar Chamber participated in the consultative meeting between the GCC Ministers of Commerce and Industry and the Heads of the GCC Chambers of Commerce and Industry held Wednesday in Riyadh.
The chamber’s delegation, which was led by second vice chairman Rashid bin Hamad al-Athba, included board members Mohamed bin Mahdi al-Ahbabi and Engineer Ali bin Abdullatif al-Misnad.
The meeting discussed several issues related to enhancing co-operation in the commercial and industrial fields between GCC countries. During the meeting, the chamber introduced a proposal on the importance to adopt industrial strategies that offer incentives for the GCC private sector to invest in the green economy and renewable energy sources in light of climate change and the depletion of natural resources.
Al-Athba said the global economy witnesses “a major inflation of uncertainty” due to many reasons, including the repercussions of the pandemic, the Russian-Ukrainian war, climate change, and the depletion of natural resources. He stressed the need to accelerate efforts that focus on the green economy and renewable energy sources.
“The Gulf private sector is an active partner in the development process. It needs government support and clear policies to adopt environmentally-friendly practices capable of changing industrial behaviour and improving production efficiency to reduce emissions and improve companies’ performance and competitiveness, making them more resilient in the face of crises,” al-Athba said.
He added that the private sector, especially SMEs, needs various types of financial, technical, and training support from governments, affirming that governments are required to prepare strategies for environmental sustainability and draw flexible policies for the process of transformation into a green industrial sector.
Governments also are urged to consolidate the establishment of industries based on clean technology with low emissions, build capacity for clean manufacturing, and prepare programmes to develop and enhance knowledge, transfer, and ownership of clean technology.
They are also encouraged to promote foreign direct investment for green industries and renewable energy projects, support private sector companies to improve governance, risk management, and comply with environmental requirements, and facilitate access to green technology through co-operation with other countries.
Al-Athba emphasised the importance of raising awareness about cleaner and more efficient production methods that keep pace with sustainable industrial development goals and building a flexible and innovative statistical information system through the Gulf Statistics Centre.
The chamber’s delegation, which was led by second vice chairman Rashid bin Hamad al-Athba, included board members Mohamed bin Mahdi al-Ahbabi and Engineer Ali bin Abdullatif al-Misnad.
The meeting discussed several issues related to enhancing co-operation in the commercial and industrial fields between GCC countries. During the meeting, the chamber introduced a proposal on the importance to adopt industrial strategies that offer incentives for the GCC private sector to invest in the green economy and renewable energy sources in light of climate change and the depletion of natural resources.
Al-Athba said the global economy witnesses “a major inflation of uncertainty” due to many reasons, including the repercussions of the pandemic, the Russian-Ukrainian war, climate change, and the depletion of natural resources. He stressed the need to accelerate efforts that focus on the green economy and renewable energy sources.
“The Gulf private sector is an active partner in the development process. It needs government support and clear policies to adopt environmentally-friendly practices capable of changing industrial behaviour and improving production efficiency to reduce emissions and improve companies’ performance and competitiveness, making them more resilient in the face of crises,” al-Athba said.
He added that the private sector, especially SMEs, needs various types of financial, technical, and training support from governments, affirming that governments are required to prepare strategies for environmental sustainability and draw flexible policies for the process of transformation into a green industrial sector.
Governments also are urged to consolidate the establishment of industries based on clean technology with low emissions, build capacity for clean manufacturing, and prepare programmes to develop and enhance knowledge, transfer, and ownership of clean technology.
They are also encouraged to promote foreign direct investment for green industries and renewable energy projects, support private sector companies to improve governance, risk management, and comply with environmental requirements, and facilitate access to green technology through co-operation with other countries.
Al-Athba emphasised the importance of raising awareness about cleaner and more efficient production methods that keep pace with sustainable industrial development goals and building a flexible and innovative statistical information system through the Gulf Statistics Centre.
