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Saudi Arabia calls for organizing an annual meeting for private sector investment opportunities in Islamic countries

Noah by Noah
December 18, 2021
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Saudi Arabia calls for organizing an annual meeting for private sector investment opportunities in Islamic countries
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The member states of the Islamic Chamber of Commerce, Industry and Agriculture agreed at its 32nd meeting, held Friday at the headquarters of the Chamber of Commerce in Makkah Al-Mukarramah headed by Abdullah Saleh Kamel, on a number of items on the agenda, as well as retaining the Chamber’s deputies from the previous session, as they are by acclamation, and they are Sheikh Khalifa bin Jassim Al Thani from Qatar, Engineer Ibrahim Al Arabi from Egypt, and Rifaat Mustafa from Turkey.

The Minister of Commerce, Dr. Majid bin Abdullah Al-Qasabi, stressed in his speech “through video communication” the interest in cooperation between the private sector to support the trade and economic system between Islamic countries through Making a quantum leap, and forging partnerships with international partners, Welcome to the delegations of the Islamic countries that are members of the landing strip.

He said, “I am pleased to welcome you to your second country, the Kingdom of Saudi Arabia, the heart of the Islamic world, and I thank you for your presence, and may God have mercy on Saleh Kamel, who was interested in this entity,” expressing everyone’s ambition to reach tangible results in order to enhance the renaissance and development of the economy, with an annual meeting to present opportunities investment in Islamic countries.

He added, “We are all certain of the importance of the private sector, and its role in strengthening relations and strengthening joint cooperation in the commercial and industrial fields, stressing that the Islamic Chamber, which represents the private sector in 57 countries, has great responsibilities in light of the challenges posed by reality, and highlights the participation of all in achieving the objectives of the Islamic Chamber through Working to bring about a qualitative leap and a new future vision, through knowledge partnerships with our distinguished partners, with the importance of organizing an annual meeting that will be a platform for presenting investment opportunities in the private sector in Islamic countries.

For his part, the Vice-President of the Federation of Saudi Chambers and Chairman of the Board of Directors of the Makkah Chamber, Hisham Muhammad Kaaki, stated that the meeting represents an extension of joint efforts to enhance economic cooperation at the level of the Islamic world, in light of a state of uncertainty due to the impact of the pandemic and its changes during the past two years, which prevented Holding meetings in person.

He pointed out that the distinguished presence of the member chambers, which confirms the desire to continue work on developing relations and raising their level to advance the economic potentials possessed by Islamic countries, and embodies the sincere and common desire to support those relations, and to face challenges that still affect the global economy and society, stressing the endeavor of the Federation of Chambers Saudi Arabia has always been to strengthen economic relations with partners in brotherly and friendly countries, particularly the member states of the Organization of Islamic Cooperation, stressing the Kingdom’s desire to benefit from these meetings in opening new areas for joint cooperation in the field of trade and investment, looking forward to achieving fruitful results.

Meeting of the Member States of the Chamber of Commerce of Islamic Countries

Meeting of the Member States of the Chamber of Commerce of Islamic Countries

The Secretary-General of the Islamic Chamber, Youssef Khalawi, presented a proposal to approve exempting the contributions of countries that have paid their dues for five continuous years, declaring 11 goals for the next year, the most important of which is activating the strategies of the Chamber’s forums, especially the specialized forums that will start from the Digital Economy Forum from 2022 in partnership with members, which were approved In April 2019 to take advantage of every distinction that exists in a country, turn it into a capital in this field, and organize regional workshops on a regular basis.

The items also carried the launch of the Islamic Chamber Academy, to focus on developing the leaders of the chambers of commerce through specialized programmes, adopting the expansion of accreditation of memberships from Muslim minorities outside the Islamic world, and launching the Business Development Department to develop projects in less developed countries, as well as transferring experiences with members in the field of communication. And the media, in addition to moving to the second phase to develop and diversify the Chamber’s financial resources, with the development of a strategy for digital transformation, and the adoption of the Chamber’s series of publications, with a quarterly edition, a guide for chambers and regional organizations, and the issuance of a yearly book.

Tags: annualArabiacallscountriesInvestmentIslamicmeetingopportunitiesorganizingprivateSaudisector
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