• Editorial •
Khalifa Bin Jassim Bin Mohammed Al Thani Qatar Chamber Chairmam
Transport sector.. Challenges & Development Prospects Transport and warehousing sector is currently one of the most fast-growing sectors in Qatar , particularly in view of the urbanization plans , rapid population growth and infrastructure mega projects that are being implemented as part of Qatar’s National Vision 2030 and for the preparations of the 2022 World Cup.
According to official statistics, the transport and warehousing sector’s contribution in Qatar’s GDP during the first nine months of 2016 reached (QR13.6bn), while the sector activities have seen a growth rate of %7.4 during the third quarter of the last year compared with the same period in 2015.
The growth in this sector and its contribution in the State’s GDP undoubtedly came as a result of the exerted efforts to develop this important sector under the economic diversification strategy adopted by Qatar. It also reflects the private sector’s active participation in in transport and warehousing enterprises despite the obstacles facing local investors in this vital sector. Among these obstacles, there are some companies that are conducting transport activities without adhering to laws and regulations of the competent ministries. These companies and institutions own transport vehicles licensed for a private use, but they, indeed, use them for commercial purposes. Also, some vehicles that belong to individuals usually transport luggage rather than the specialized transport companies, which adversely affect the operating companies in this vital sector. Lack of fair competitiveness is another challenge facing transportation sector. Vehicles owned by individuals earn revenues for their owners without bearing any costs or expenses, while qualified transport companies spend on licensing and renewal fees , salaries, staff and office rent, etc. Therefore, the authorities concerned including the Ministry of Transport and the Ministry of Economy and Trade shall exert efforts to further activate mechanisms of control on this sector to achieve the fair competitiveness.
Consequently, removing obstacles facing transport sector will significantly contribute to the increase of investments in this sector. Studies assure that the growth in construction in Qatar and the resurgence in the tourism sector will increase the demand for more vehicles by an annual rate up to %13, driven by several factors, among which the continuous development rate in Qatar.
“E-commerce” overwhelms discussions of the “2nd SMEs Conference”
NO 57 - February 2017 Monthly Economic Magazine issued by
Chairman & Editor-in-chief Khalifa Bin Jassim Bin Mohammed Al Thani Managing Editor Al sayed Ragab photography Entsar Nasir Layout & Design Hassan Mongy
Qatari products navigate Saudi market via “Made in Qatar” expo Bin Twar: QC invited to join the Council of the Economic Belt & the Silk Road Initiative
All queries can be directed to the Managing Editor www.qatarchamber.com P.O B; 402 _ Doha – Qatar Tel: 44559111- 44661687 Fax : 44661639- 44661697 for Advertising ,contact 66844110-44559107- 55810211 printed by Al Raya Printing press
The translation
“UAC” meeting in Doha calls for reinforcement of the Arab private sector
UN General Assembly grants Observer Status to International Chamber of Commerce in historic decision QC participates in ArabAustrian Economic Forum QC participates in business summit in India Auto sector issues discussed Qatar Chamber signs MoU with Ningxia
Qatar Chamber 2nd SMEs Conference concluded
QC, Birmingham business delegation discuss economic cooperation
Union of Arab Chambers meeting kicks off in Doha
• 2016 Achievements •
Major Achievements and Leaps of the Chamber at Level of Services taking actions to implement of Qatarization and take advantage of qualified personnel;
2016 witnessed a qualitative leap in the march of the Qatar Chamber. The Chamber›s efforts were more focused on enabling the private sector to play its aspired role in the economic process, in line with directives of the wise leadership aiming at achieving economic diversification. Flourishing of the private sector and increase its contribution to the gross domestic product was the main concern of the Chamber. For that the Chamber gave a broader scope for meetings of trade delegations. The Chamber received during 2016 more than 50 trade delegations from various countries around the world. In
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these meetings discussions were exchanged for strengthening trade and economic cooperation and the offer of investment opportunities both in Qatar and in the states represented by these delegations. This is in addition to the establishment of partnerships and alliances that have added value to Qatar›s economy, and in such a way that enables the Qatari private sector to take advantage of such meetings in holding such partnerships that contribute to the development of its business and its desired prosperity. Moreover, this also contributes to attracting companies and foreign investment to the State of Qatar.
Foreign investment In this context, 2016 witnessed the registration of about 11,355 new companies, while nearly (24,725) renewed their commercial registration. The total number of members of the Chamber has reached 53 thousand. Exhibitions and conferences The Chamber has organized many successful exhibitions and conferences of whose reflected outputs and recommendations reflected on the business environment in Qatar. This includes the “Made in Qatar” exhibition in its fifth edition held for the first time outside Qatar, in the city of Riyadh, Saudi Arabia and it achieved huge success. Then there was the “Made in China” exhibition in its second edition, which also was a great success and attracted a large number of Chinese companies. Moreover, the Chamber hosted the meeting of the Council for the Union of Arab Chambers as well as the Qatari – Jordanian economic forum and the exhibition for Jordanian industries. Furthermore, through the Qatar International Center for Conciliation and Arbitration affiliated to it, the Chamber has organized the second World Conference on Arbitration under the patronage of H.E. Sheikh/ Abdullah Bin Nasser Bin Khalifa Al Thani, Prime Minister and Minister of Interior. The conference enjoyed a wide Arab and international participation and has coincided with the celebration of the Qatar International Center for Conciliation and arbitration its tenth year since its foundation in the Qatar Chamber. E-linkage In the commercial registration process the chamber has made great achievements in e-linking with government institutions related to the private sector. Several online services are offered including the certificate of origin and authentication as well as signing of all official paperwork that was previously done by hand. In the past, companies used to come all the way to the Chamber for authentication and completion of their paperwork. Now, however, this is
available via the Internet «online» without having to visit the Chamber’s headquarters. The year also saw the activation of the sectoral committee of the Chamber in order that it plays its role to the fullest. A special program was put to each committee and a further plan to activate the performance of these committees will also be made. These committee will work to strengthen cooperation and coordination with the ministries and government agencies which cooperate with the private sector. It will also sign agreements with ministries and bodies soon under the Chamber’s quest to get electronically linked with all these actors so that all the data, documents and paperwork are reviewed by the Chamber to make it easier for all consumers and merchants. Visits Qatar Chamber has received during the year 2016 a number of heads of states and senior officials during their visits to Qatar. The Chamber received the Presidents of Mexico, Nigeria and Djibouti as well as the Georgian Minister of Agriculture, Assistant President of the Republic of Sudan, Presidents of Tunisia and the Niger, and the Costa Rican Foreign Minister and the Cypriot Minister of Foreign Affairs. Meetings The Chamber has also held meetings with a number of government and private institutions to discuss strengthening the Qatari private sector and discuss corporate issues and obstacles that might impede the sector’s role. These meetings include one the Qatari Minister of labor, civil defense, ILO Director, President of Salvadoran Chamber, Algerian Minister of Industry, Indonesian Minister of Labor, the General Authority for Tourism, Customs General Administration, travel and tourism offices as well as those specialized in expats recruitment. Foreign events The Chamber has participated in a number of foreign
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• 2016 Achievements • events to strengthen its role within the local and international community. It participated in the Arbitration Conference in Kuwait, the Jeddah Economic Forum, the Investment Forum, the Saudi Businessmen Council, the Businesswomen Forum in Bahrain, the Arab Labour Conference in Cairo, Save-a-Dream in Italy, the Investment in Food Security Conference in Fujairah, the German Arab Forum, meetings of the Union of Islamic Chambers, meetings of the Federation of GCC Chambers, meetings of the Arab Federation of Chambers of Commerce, Industry and Agriculture, the Arab-Portuguese Economic Forum in Lisbon, and the Qatari-Turkish Forum in Bahrain. This is in addition to the participation of the Chamber in the State of Qatar’s National Sports Day. Seminars and conferences The Chamber has hosted in 2016 a number of seminars and conferences that addressed most of the developmental issues affecting the business community. This includes Bulk employment symposium, The Qatar Bank on SME Development, the “My Environment” Workshop for Recycling Household Waste, The ASEAN Symposium, The Certificates of Origin Workshop, the Qatari-UAE Business Forum, the International Banking Chamber Workshop, the Maritime Arbitration Seminar, and the Investment in Gold Seminar. Trade delegations The Chamber has also hosted a number of trade delegations to promote trade cooperation between Qatari business owners and their counterparts from all over the world. The number of trade delegations that has visited the Chamber during this year has reached nearly 50 delegations from several countries including: Moldova, Canada, Sudan, Germany, Turkey, Japan, Azerbaijan, China, Poland, Finland, Thailand, Malaysia, Indonesia, Georgia, the Indian State of Gujarat, the Somalian state of Jubaland and Djibouti. Publications The Chamber has issued a number of booklets and publications including: Al-Moltaqa Magazine, special issues of magazine about the Second World Arbitration Conference and an another about the “Made in Qatar” Exhibition as well as the annual report for 2015, the guide to the “Made in Qatar” exhibition and the Qatari Commercial and Industrial Guide for 2015. Cooperation Agreements Qatar Chamber signed several memoranda of understanding and cooperation with a number of chambers and institutions in order to strengthen mutual cooperation and encourage the creation of channels of communication between Qatar Chamber and these actors, including: The General Authority of Customs, Qatar Business Incubation Center, Qatar’s International Centre for Sport Security, the Social Development Center, Ooredoo, QFC , Media Farm, Qatari Vietnamese Joint Committee, Kazakh Chamber and Georgian Chamber. Global Leadership The vision of Qatar Chamber centers on achieving global leadership as one of the world’s most effective chambers of commerce within the framework of Qatar National Vi-
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sion 2030, recognizing all the issues relating to Qatari as well as global business communities, acting locally and thinking globally, becoming the primary point of contact for all institutions and actors from all over the world that desire to be acquainted with the Qatari business community, and finally establishing and practicing businesses in the world’s most dynamic economy. The mission of the Chamber, on the other hand, includes representing and supporting the Qatari business community through the provision of services and by highlighting the wide range of business opportunities available within several industries and sectors in Qatar. It also aims at organizing, representing, promoting and safeguarding the commercial, industrial and agricultural interests of Qatar. The Chamber works on supporting and developing the economy and productivity rates, for the benefit of the country in general and the benefit of the Chamber’s member companies in particular. It also works on supporting and developing a sustainable business environment in Qatar that is suitable for local and foreign businesses alike as well as the development a modern and efficient international trading system. The Chamber further aims to support the development of that system and to enhance cooperation with other chambers of commerce all over the world, strengthen Qatar’s distinctive and diverse economy, help attract foreign investments, exert every effort to enhance the prestige of Doha as an international center for business and an attractive business destination, and finally to partake in all the exhibitions held in the country through organization, support or direct participation. Courses In 2016, training courses were under the spotlight in the Chamber which offered several intensified training courses, namely 18 courses. In 2016, the Qatar International Center for Conciliation and Arbitration (QICCA) organized eight training programs in arbitration, and the
Chamber organized monthly courses in customs clearance in order to address the shortage in customs brokers, while before that only two customs clearance courses were being offered by the General Administration of Customs every year. The shortage in customs brokers resulted in delaying the clearance process and hindering the timely release of imported goods, especially that many importing companies complained about this problem. The Chamber decided to fulfill its role of organizing customs clearance courses in coordination and cooperation with the General Authority of Customs. The Chamber realized its goal in 2016 by organizing one customs clearance course every month in the Chamber, yet the exams were to be taken in the Ministry or in the General Administration of Customs. At that point, almost all companies were able to obtain trained and qualified customs brokers. This step was very helpful in speeding up the process of clearing the goods imported to Qatar so much so that the shortage in the number of customs brokers has been overcome and the losses which the companies used to suffer during the previous situation are brought to an end. It is worthy to mention that the Chamber does not generate any revenues from these courses and offers them for the sole purpose of facilitating the timely clearance of goods. Electronic System The Chamber is currently working to link various entities and institutions through Ooredoo which is an electronic system connecting companies by using their telephones numbers. Through that system, the locations of all companies can be easily identified. Once a company’s telephone number or electricity card number is entered into the electronic system, results showing the company’s location on Google Maps will appear. The Chamber will soon announce the launch of a comprehensive electronic system comprising the locations of all companies. If a person wishes to find a specific restaurant in Katara for example, he will be able to find the location on Google Maps directly and follow his way through it. In addition to this, the Chamber is working on the implementation of an internal system that reduces reliance on paper. All internal communications in the Chamber will be through that e-system as a means of implementing green economy and promoting environmental protection, in accordance with the general policy of environmental conservation adopted by the Qatari government. The e-system will be launched in phases and will be implemented in the Chamber and other authorities in order to reduce paper reliance and promote the use of cutting-edge technologies. Joint Committees The Chamber formed joint committees with the General Authority of Customs to identify the problems facing Qatari exporters and importers. The Chamber also signed an agreement with Qatar Development Bank (QDB) to provide their services in liaison with the Chamber. Another agreement has been signed with Qatar Tourism Authority to recognize all the issues relating to the organization of exhibits and events to be held in Qatar and to facilitating the procedures taken by tourist companies and companies
specialized in organizing exhibitions. Through that agreement, the Chamber will study the constrains faced by Qatar Tourism Authority and will, together with the competent authorities, and through the liaison established between Qatar Tourism Authority and the Chamber’s Tourism Committee, provide solutions and offer Qatari companies a greater role in the exhibition business which is considered one of the main tributaries for promoting and supporting industry. Social Responsibility The Chamber lays special emphasis on its social responsibility and believes that corporate social responsibility is a key element of the business system and one of its pillars. Based on this vision, the Champers is making strenuous efforts to encourage and support social responsibility programs and initiatives that have a positive effect at the social and humanitarian level inside the Qatari community, through the implementation of various strategies and action plans which operate within the same framework. As the business sector plays a key role in the growth and development of any country, the Chamber is keen on developing a clear policy with regard to the social responsibility of companies and institutions. That policy should be reflecting the Chamber’s philosophy that targets the achievement of business goals while maintaining a responsible position towards the society. These efforts include supporting sustainability programs and initiatives and encouraging environmentally-friendly businesses that benefit the local community. Furthermore, the Chamber adopts several programs and initiatives for developing and refining the skills of the local community through the provision of specialized training programs that contribute to the improvement of the functionality of the trainees who are members of that community. These programs will, in turn, improve the functionality of the community members and enable them to achieve higher levels of job satisfaction. The Chamber’s library offers a large number of economic references, research and studies that help to enrich the community’s knowledge and experiences. The Chamber is also supporting the organization of several humanitarian events such as launch of blood donation campaigns, provision of sport and educational programs and participation in religious events and national celebrations.
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• Made in Qatar •
“Made in Qatar” in Riyadh .. A Successful conclusion
HE Minister of Energy and Industry Dr Mohammed bin Saleh Al Sada inaugurated “Made in Qatar 2016” exhibition in Saudi Arabia on 6th November 2016. Organized by Qatar Chamber of Commerce and Industry in cooperation with the Council of Saudi Chambers of Commerce and Industry, the expo was held at Riyadh International Convention & Exhibition Center. The inauguration was attended by HE Saudi Minister of Commerce and Investment Dr Majed bin Abdullah AlQasabi and HE Chairman of Qatar Chamber Sheikh Khalifa bin Jassim Al-Thani, and a group of Qatari and Saudi businessmen. HE Al Sada expressed his delight at the organization of Qatari-Saudi Eco-
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nomic Forum and its accompanying “Made in Qatar” exhibition, saying that they would introduce Qatari industry and products through the participation of more than 250 exhibiting companies. He added that Saudi Arabia is a partner in development and in commercial and industrial exchanges. Trade between Qatar and Saudi Arabia, HE the Minister said, amounted to about QR8.6 billion in 2015 after it was QR7.1 billion in 2011 with the average growth rate of about 4.9%, pointing out that the State of Qatar is looking forward to strengthening relations more broadly in the coming years. He noted the importance of creating real and sustainable development in the GCC by attaching more attention
to the industrial sector, pointing out that the contribution of the industrial sector in the GDP of the GCC countries accounted for 10 percent, which is low when compared to the developed countries. GCC co-ordination is needed to boost SME sector: minister HE the Minister of Energy and Industry Dr Mohamed bin Saleh alSada has stressed the need for “industrial co-ordination” among Gulf Co-operation Council (GCC) countries in manufacturing industries, particularly the small- and medium-sized enterprises (SME) sector. He was addressing the Qatar-Saudi Economic Forum in Riyadh. The event was held on the sidelines of the “Made in Qa-
tar” expo in the Saudi capital. Attention to industry will bring about sustainable development in the GCC countries, al-Sada said. The minister also called on the private sector to provide initiatives for the youth to enable them “to find a decent place on the map of production and export”. The minister pointed out that Gulf investments abroad, estimated at $248bn in 2015 (excluding sovereign funds), “will not achieve the sustainable development we seek unless they are balanced by productive foreign investments for the next generations”. He said that the contribution of the industrial sector in the Gulf GDP is 10%, which he said was “very low” compared to other developed countries. “The majority of these investments are focused on energy-intensive industries like petrochemicals and fertilisers, which are governmentowned industries,” al-Sada explained. The minister stressed that the GCC is an “active economic power” not only at the regional level but globally as well. “The Gulf region is replete with potentials and powers that will enable it to be a gateway to all kinds of investments. “Low oil prices and the political instability in our region helped us foresee a much more realistic look. Oil will not be futuristically the active and mobilising power in the gulf economy,” alSada said. On the “Made in Qatar” expo, al-Sada said co-operation between Qatar and Saudi Arabia’s business communities are “extensive and ready for further investments in many sectors”. “The ‘Made in Qatar’ expo represents a good opportunity to exchange ideas and experiences and display products and capabilities,” he added. Saudi Minister of Energy, Industry and Mineral Resources Khaled Al-Faleh said Sunday the current economic situations brought about both challenges and opportunities for the Gulf Cooperation Council (GCC) member states. The Kingdom of Saudi Arabia and the State of Qatar as well as the rest of the GCC states had to develop resilient strategies to maxi-
mize benefit and minimize risks from the current situations, he said. Eng. Al-Faleh made the comments in his inaugural speech to “the SaudiQatari Economic Forum” and “Made in Qatar 2016 Exhibition” in the presence of Qatari Minister of Energy and Industry Dr. Mohammad Al-Sada. The two events were organized by Qatar Chamber of Commerce and Industry, in collaboration with Council of Saudi Chambers. “The GCC states are constantly updating their strategies relating to the business sector in keeping with the changes and transformations on the regional and international levels,” the Saudi minister pointed out. The fierce competition on the global business market prompted the GCC states to build effective economic partnerships, tap into skilled human resources and hi-tech solutions, improve the investment atmospheres and infrastructure, embark on balanced reforms and accelerate steps towards economic integration, he added. On the Saudi-Qatari Economic Forum, Al-Faleh said it falls in line with distinct relations between the two countries. “The forum reflects the directives of the two leaderships of the two countries, as well as the vision of Saudi King for closer integration among the GCC member states,” he added. The Saudi minister hailed the ongoing coordination between the Kingdom and Qatar within the OPEC meant
to stabilize the global oil market. On his part, Dr. Al-Sada said the GCC economies cannot continue overreliance on oil as their main source of income. “The overseas investments of the GCC states, which topped USD 248 billion in 2015, cannot ensure sustainable economic development for the GCC states unless there are counterbalanced by foreign direct investment in productive projects in our states,” he stressed. He called on the GCC states to attach greater importance to the industrial sector which contributes no more than 10 percent to the current their total GDP. Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani said that the forum and expo will not only showcase “Made in Qatar” products in the Saudi Arabia market but is an opportunity for both countries to develop economic and trade relations. “I am fully certain the Qatar-Saudi Arabia partnership is based on the key roles played by businessmen and manufacturers in achieving sustainable development by investing in joint beneficial projects for both countries’ economies. “We should seize this opportunity to create more partnerships and joint ventures to take advantage and explore new areas of co-operation between our countries,” Sheikh Khalifa said.
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• News •
Qatar Chamber 2nd SMEs Conference concluded
Qatar Chamber 2nd SMEs Conference successfully concluded January with a wide presence of business leaders from both Qatar and Turkey. The Turkish delegation composed by over 130 Turkish companies was led by H.E. M. Rifat Hisarcıklıoğlu, President, The Union of Chambers and Commodity Exchanges of Turkey (TOBB). Key representatives of the local business community participated in the conference showing a strong support for the initiative lead by Qatar Chamber. Under the patronage of H.E. Sheikh Abdullah Bin Nasser Bin Khalifa AlThani, The Prime Minister and Minister of Interior, the two-day event was jointly organized by Qatar Chamber,
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The Union of Chambers and Commodity Exchanges of Turkey (TOBB) and International Chamber of Commerce Qatar (ICC Qatar). Sponsored by Qatar National Bank (QNB), Qatar Development Bank (QDB), Doha Bank, NBK and Expo Turkey by Qatar, the conference aimed to promote entrepreneurship, stimulate services for SMEs, support diversification and create employment opportunities for the national work force. Qatar Chamber Chairman, Sheikh Khalifa bin Jassim bin Mohammed Al Thani applauded the efforts made by Qatar under the wise leadership of the Emir, His Highness Sheikh Tamim bin Hamad Al Thani, to support small and medium-sized enterprises (SMEs),
which contribute to the strong economic development witnessed by the country. Speaking at the opening ceremony of Qatar Chamber’s first conference on SMEs in Doha, Sheikh Khalifa praised the government directives, laws, facilities and the encouragement to businessmen to invest in this sector. Due to the vision of Qatari leadership, he said, the country has succeeded in achieving a high profile internationally. The opening ceremony included a speech by H.E. M. Rifat Hisarcıklıoğlu and a presentation on Turkey’s SME Sector given by Mr. Devlet Selim, Pasli, Deputy General Manager, Republic of Turkey Ministry of Economy. The opening ceremony also featured
a speech and a video on Expo Turkey by Qatar, given by Mr. Abdul Aziz Al-Emadi, CEO, QNCC. This was followed by signing of Cooperation Agreement between Qatar Chamber and The Union of Chambers and Commodity Exchanges of Turkey (TOBB). Khalid Al-Naemi, Assistant General Manager (AGM), SME Banking, QNB, said: “Our support and sponsorship to this event stems from our desire to empower and support entrepreneurs and owners of small and medium-sized companies, this important category that a driving force in shaping the future and development of the economy of Qatar and Turkey and strengthen trade between the two countries. QNB Group aspires to be always at the forefront of supporting institutions for the efforts of new businessmen and women in implementing their ideas and creativities that contributes in strengthening the economy and build a brighter future, knowing that the group had a stronger presence in the Turkish market, which is considered one of the strongest and most important economies in the region.” Dr. R. Seetharaman, CEO, Doha Bank said: “ SMEs Should Leverage on E- Solutions to integrate with Global Value Chains.” “Supporting SMEs, entrepreneurship and innovation in Qatar is a step in the right direction towards Sustainable economic growth and realizing Qatar National Vision 2030 said Sheikh Nawaf Nasser Al-Thani, NBK. We are honored to have been part of both the first and second Qatar Chamber SMEs
Conference and will continue to support the growth of the Qatari business community” “Creating an opportunity where companies and likeminded business owners can get together and leverage commercial gains for one another was the initial thought behind to the creation of EXPO Turkey by Qatar.” Stated Abdul Aziz Al Emadi, CEO of QNCC. “We’re honored to be a part of this event and have this opportunity to further engage with small and mediumsized enterprises (SMEs)’s of both nations.” The programme of the conference was fashionably structured featuring a mix of presentations and panel discussions to maximize the interaction with the audience. Whilst the first day was more informative on business opportunities and resolving obstacles for SMEs, the second day was a site tour of Baladna
Farm and QAPCO, Mesaieed. Sheikh Khalifa attended the panel discussion dedicated to “E-Commerce as a tool for better SME integration into Global Value Chains” which discussed the ways to enable trade through digital channels. Highlight of the conference was the B2B meetings which gave companies from both Qatari and Turkish side an opportunity to network and showcase their products and services. This was an important platform to inculcate future partnerships. Other sessions of the conference covered the topics “Financing and Investing in SMEs”, “Boosting Entrepreneurship, Innovation and Technology in SMEs” and “How to strengthen the within-region agricultural trade links”. The day ended with a gala dinner at Sheikh Nawaf bin Nasser bin Khalid Al- Thani’s farm house.
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• News •
Union of Arab Chambers meeting kicks off in Doha
The 123rd session of the Union of Arab Chambers (UAC) kicked off here in December to discuss the joint Arab action and ways to develop Arab trade. The meeting came amid very critical economic conditions and accelerated developments worldwide that have affected the map of global economy, Chairman of Qatar Chamber Sheikh Khalifa bin Jassem Al Thani said in his inaugural speech. This requires from all to think deeply in the future of Arab economy, he added, noting that this future will depend in the forthcoming period on initiatives by the private sector which should assume its responsibilities in this regard. He stressed that the UAC has a key role now, he said, voicing his hope that the meeting would achieve the joint goals aiming to support, enhance and cement the position of pri-
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vate sector in Arab countries on the economic arena and help it play its role. The program action of UAC for 2017 includes the completion of some projects currently carried out and the new ones like founding a center for promoting and developing Arab exports to boost the union’s position. The program also includes identifying problems and hindrances facing Arab exporters, and supporting Arab small and medium-sized enterprises. It works on promoting the union’s relations on Arab and international levels through signing several agreements and organizing global economic conference every year or every two years on international-Arab meeting of business owners.
Jordan showcases investment opportunities worth $1.36b to Qatari business leaders
The Jordanian-Qatari business forum opened in Doha on 12th December, hosting businesspeople, investors and representatives of the private sector from both countries. During the forum, Jordan showcased investment opportunities worth around $1.36 billion. The Jordanian delegation was chaired by Jordan Chamber of Commerce President Nael Kabariti, who said that the Kingdom exerts all efforts to improve policies and legislation regulating business, showcasing investment opportunities to Arab and Gulf investors, especially the Qataris. Qatar Chamber Chairman Sheikh
Khalifa Bin Jassim Al Thani welcomed the Jordanian delegates and said that international economic conditions are witnessing accelerating political changes, which he said require Arab countries to focus on economic and trade cooperation among each other. He highlighted the importance of discussing the means to reform and utilise the best economic capabilities and available opportunities to achieve sustainable development. Sheikh Khalifa also showcased the opportunities available to Jordanian investors and businesspeople in Qatar, especially in the field of infra-
structure. For his part, Jordan Investment Commission Secretary General Mikhled Omari highlighted the investment climate in Jordan, noting that Jordan’s stability and security factors are major advantages. The investment opportunities Omari showcased, which amount to $1.36 billion, include an $80 million tram project in Irbid, the $50 million Bus Rapid Transit project between Amman and Zarqa, a $60 million electricity generation station and a $60 million water plant, in addition to a $300 million project to generate energy from solid waste.
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• News •
UN General Assembly grants Observer Status to International Chamber of Commerce in historic decision In an unprecedented move, the United Nations (UN) General Assembly has today granted Observer Status to the International Chamber of Commerce (ICC)—the world’s largest business organisation representing more than six million members in over 100 countries. The decision—taken by 193 members of the UN General Assembly during its on-going 71st session in New York—is the first time that a business organisation has been admitted as an Observer at the UN General Assembly. The list of UN observers is highly restricted and features principally intergovernmental organisations. Chairman of ICC Qatar, Sheikh Khalifa Bin Jassim Al-Thani, underscored the importance of the UN decision, saying: “ICCs historic and continuing role as the global voice of business will become ever more critical as we work collaboratively to achieve the sustainable development goals by 2030.” “As the 29th session of UN Economic and Social Council for Western Asia meets here today in Doha on implementing the 2030 Agenda in the Arab States, ICC Qatar is actively engaged in demonstrating the positive role the private sector can play in addressing the financing gap to achieve the SDGs. As latest estimates show that $3.7 to $4.3 trillion in additional funding is needed for the Arab region, ICC Qatar is strengthening business relations among its members and business abroad through its global network to reach the 2030 goal.” The new role for ICC means that business will for the first time have direct voice in the UN system. The decision paves the way for ICC to contribute directly to the work of
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the General Assembly and reflects the vital role the private sector will play in implementing the UN’s 2030 Agenda for Sustainable Development. ICC Chairman Sunil Bharti Mittal said: “This is huge recognition of the role that business can play in contributing to a better and peaceful world. There is only one route to meeting the many challenges that face our society—from climate change to mass migration—and that is for governments and civil society to work hand-in-hand with the private sector. “Granting Observer Status to ICC sends a powerful signal that the UN recognizes business as a vital partner. We stand ready to ensure that the private sector plays a full role in meeting the ambition of the 2030 agenda.” The resolution to grant observer status to ICC was submitted by France—ICC’s host country—and was supported by 22 other Member States. ICC already works with a wide array of UN specialised agencies and organisations around the world providing business input and
expertise on issues from commercial standards through to climate change. ICC was designated as the official business representative in the processes that lead to the creation of the UN’s 2030 Agenda for Sustainable Development—a key factor in the General Assembly’s decision. ICC Secretary General John Danilovich said: “It’s a great honour for ICC to be granted Observer Status at the UN General Assembly. ICC has a long tradition of close cooperation with the United Nations and today’s decision reflects our sustained efforts to strengthen the relationship between the UN and the private sector. “Given the complexity of today’s global challenges, it’s vital that business has a clear voice in UN decision making. We look forward to using this unique platform to deploy fully the resources, expertise and knowledge of world business in the work of the General Assembly.” Following today’s UN General Assembly resolution, ICC will take up its position as observer to the General Assembly on 1 January 2017.
QC participates in Arab-Austrian Economic Forum
Qatar Chamber Director General Saleh Hamad al Sharqi participated in the General Assembly of the Arab-Austrian Chamber of Commerce and eighth session of the ArabAustrian Economic Forum . The forum was held on November 25 and 26 in Vienna, under the theme, the future of Oil Energy and the Rise of Renewable Energies.
QC participates in business summit in India
Qatar Chamber (QC)Vice Chairman Mohamed bin Ahmed bin Twar led the Chamber’s delegation to take part in the Vibrant Gujarat Global Summit held at Gandhinagar, Gujarat, India from 10-13 Jan,2017. “India is a large and expanding market for LNG exports from Qatar. Aside from the oil and gas industry, bin twar said Qatar and India are working together in the banking and finance, aviation, and travel and tourism industries. “I am extremely happy to see that our countries are successfully
supporting their own co-operation in all economic fields, especially in the energy and financial sectors. Private sector co-operation obviously assures both countries’ keenness to further enhance strong relationships between them at different levels,” QC Vice Chairman said. The Event inaugurated on January 10 by Prime Minister Narendra Modi, concluded on Thursday. A total of 25,578 Memorandum of Understanding (MoUs) were declared to have been signed by different industrial units.
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• News •
Qatar Chamber, Qatar Development Bank and Qatar University Launch Initiative for Young Entrepreneurs
Qatar Chamber, Qatar University and Qatar Development Bank launched on 8th January an initiative supporting business entrepreneurs entitled “ Ma’an” (Together).
The initiative aims to promote the role of a knowledgebased economy by investing in the ideas of youth and raising a new generation of young entrepreneurs capable of making a contribution to sustainable development. Qatar Chamber will provide financial and logistical support to the initiative. Qatar Development Bank will also provide financial support, along with consultancy as well. Qatar University will be in charge of the technical side of the initiative. The three sides held a press conference today to discuss the initiative. Chairman of Ma’an’s board of trustees Abdul Rahman Abdul Jaleel AbdulGhani, who is a member of Qatar Chamber, said that the initiative was founded initially by the Qatari private sector and is non-profit. He said that Ma’an reflected the commitment of the three participating organizations to supporting all new and innovative
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ideas and developing the abilities of entrepreneurs so they can contribute to realizing the goals of Qatar National Vision 2030. He added that members of Qatar Chamber will provide financial support when needed. They will also work on offering their experience in establishing companies with young entrepreneurs who will take part in the initiative, AbdulGhani added. Ma’an will look to provide training, along with financial and technical backing, studies to highly-skilled Qatari students whether they are members of Qatar University or other universities. The initiative will also contribute to marketing innovative projects and enhance the ties between Qatar University and the private sector. President of Qatar University Dr Hassan Al Derham said for his part that said that Ma’an was a true reflection of
cooperation between educational institutions and financial ones in realizing sustainable development in accordance with Qatar National Vision 2030. He highlighted that the role of Qatar University was to focus on human development and supply businesses and governmental institutions with their labor-market needs. Al Derham praised the role of Qatar Chamber in the development of the Qatari economy and defending the rights of the private sector. He also praised Qatar Development Bank in their efforts of encouraging entrepreneurship. For his part, Chief Executive Officer of Qatar Development Bank Abdulaziz bin Nasser Al Khalifa expressed his appreciation to the efforts of both Qatar Chamber and Qatar University. He also praised them for their cooperation and keenness to support innovative ideas and develop the Small and Medium Enterprises. He expressed his hope that Ma›an will open up new doors for young entrepreneurs,
who in turn can end up making a contribution to sustainable development. He stressed that the private sector and entrepreneurs have become an important part of the national economy thanks to years of cooperation. On the bank›s role in supporting entrepreneurs, he said that Qatar Development Bank was working on developing the necessary policies that empower entrepreneurs. The bank was also working on developing the technical, financial and legislative environment to bring them on par with the modern international standards, Al Khalifa added. The CEO of Qatar Development Bank noted that Qatar›s successful economic policies, which aims to diversify the country›s sources of income and limit the reliance on natural resources, has made big progress thanks in no small part to the legislative system that created a pro-investment environment.
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• News •
Qatar Chamber signs MoU with Ningxia
Qatar Chamber and CCPIT Ningxia of China signed a memorandum of understanding on 21st December to enhance cooperation and exchange information on companies from both sides and obtain information on investment opportunities available. The signing came after the two sides held a meeting to discuss the scope for cooperation and giving a presentation on the Arab-States China Expo 2017.
Vice Chairman of Qatar Chamber Mohammed bin Ahmed bin Twar stressed on the importance of cooperation between Qatari businessmen and their counterparts in Ningxia. He highlighted the chamber’s hosting initiative in several Chinese delegations over the past two years with the aim of enhancing trade ties and to know the available investment opportunities.
Auto sector issues discussed
Qatar Chamber held a meeting with the owners of car agencies and dealers to discuss issues concerning the auto sector and to address the obstacles facing this vital sector to contribute to the national economy mechanisms.
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ICC Qatar, Squire Patton Boggs Held Seminar on Drafting Arbitration Clauses
The International Chamber of Commerce Qatar held a seminar entitled “Drafting Arbitration Clauses” presented by Squire Patton Boggs on Tuesday, 24 January. The seminar shed light on how to draft arbitration clauses in commercial contracts and the importance of paying attention to arbitration clauses when drafting contracts for companies. Mr. Tarek Saad and Mr. Kevin Oles of Squire Patton Boggs gave a presentation on standard ICC arbitration clauses. This seminar is part of the 2017 programme of ICC Qatar’s Commission on Arbitration and ADR and ICC Qatar’s monthly arbitration series which is intended to foster the development of trade and investment between Qatar and the international business community. Free of charge, the series will be held on a monthly basis until May. The series has been designed to help inform not only arbitration practitioners but professionals across the entire Qatari community from businesses, governmental agencies and public and private sectors to students. Attending the seminar, Mr. Charbel Maakaron, Managing Partner of Squire Patton Boggs in Doha, commented: “I’d like to thank the participants for their excellent contributions. This presentation, as with other topics to be covered in the monthly series, is intended to share international best practice in arbitration and also to suggest clear, practi-
cal steps to take, and strategies to pursue, to avoid disputes in the first instance.” The seminars are presented by Commission members and distinguished arbitrators and legal practitioners, and will address a number of relevant topics, including the changes and developments in foreign and domestic arbitration in Qatar, how Qatari professionals might prepare for arbitration and ADR proceedings, and how arbitration in Qatar links to the international business community and investments. About International Chamber of Commerce Qatar (ICC Qatar) ICC Qatar works to connect local businesses to the world – and the world to the businesses of Qatar. As part of the world’s largest business organisation, ICC Qatar advances the interests of the Qatar business community in trade, investment, industrial and international relations. About Squire Patton Boggs Squire Patton Boggs is one of the world’s strongest integrated legal practices. With 46 offices in 21 countries, the firm is renowned for its local connections and global influence, delivering comprehensive legal services across North America, Europe, the Middle East, Asia Pacific, and Latin America. With expertise spanning all key sectors.
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• News •
QC, Birmingham business delegation discuss economic cooperation
Qatar Chamber officials met on 16th Jan with a business delegation from England’s Birmingham city and discussed the scope of economic cooperation between the two countries. They also discussed preparations for the Business and Investment Forum to be held in both London and Birmingham at the end of March. Honorary member of Qatar Chamber Ali Abdullatif Al Misned, who chaired the Qatari side during the meeting, described bilateral ties between the private sectors of both countries as distinguished. He noted that trade volume between Qatar and the UK reached 2 billion pounds. Another indication of the strong business ties was the presence of 600 UK companies in Qatar, he added. On Qatar’s investments in the UK, the honorary member said that it has surpassed 30 billion pounds. He added that Qatari businessmen were keen to explore investment opportunities in Birmingham. For his part, head
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of the English delegation said that the UK is considered one of the biggest trade partners for Qatar. He also expressed his hope for more investments by both sides in 2017. He added that meetings like this help
shed light on potential partnerships. He also stressed that the British economy is very stable even after the vote to exit from the European Union and expressed his hope that the upcoming business forum would prove that.