QC reinforces its role as key driver of economic growth in Qatar at GAM
Satyendra Pathak
Doha
Amid ongoing shifts in the global economic landscape, Qatar Chamber continues to solidify its position as a key engine of national economic growth, its chairman Sheikh Khalifa bin Jassim Al Thani saidon Monday.
Presiding over the chamber's second General Assembly Meeting (GAM) of the year, held in Doha on Monday, Sheikh Khalifa highlighted the chamber's unwavering commitment to empowering the private sector and enhancing Qatar's business environment in line with the goals of Qatar National Vision 2030.
The meeting was attended by the chamber's board members, prominent business leaders, members of the chamber, and representatives of the media.
The assembly approved the board of directors' report detailing the chamber's 2024 performance and financial standing, discharged the board members, endorsed the estimated budget for the 2025 fiscal year, appointed a new auditor, and set their fees. Reviewing the year's key achievements, Sheikh Khalifa underscored the chamber's efforts to boost trade activity, widen the investment base, and shape economic policies that support inclusive and sustainable growth.
'The chamber continues to be a driving force in supporting and improving the business environment, representing the interests of the private sector, and promoting Qatar as a global hub for investment and trade,' he said.
He extended heartfelt thanks to Qatar's leadership for his steadfast support of the private sector and empowering businesses to be a genuine partner in nationaldevelopment.
In alignment with Qatar's third National Development Strategy (2024–2030), which places sustainable economic growth at its core, the chamber reduced its service fees in 2024 following Cabinet Decision No. 19. This measure was aimed at easing financial pressures on local businesses and encouraging new investments.
To better address private sector concerns, the chamber intensified its coordination with various ministries and public entities. It held several open-dialogue sessions with government officials to find effective solutions to challenges faced by businesses.
The chamber also launched multiple initiatives to attract foreign investment, organizing overseas business visits for Qatari entrepreneurs and hosting meetings with international delegations, chambers of commerce, and economic stakeholders. Sectorial committees within the chamber held regular consultations with business owners to identify obstacles and propose solutions aimed at improving the ease of doing business in Qatar.
By the end of 2024, the chamber had issued a total of 154,778 transactions, including 98,811 electronic and 55,967 non-electronic ones. It also issued 50,262 certificates of origin—marking a 7 percent increase over the previous year. Additionally, it processed 13 ATA carnets and 10 TIR carnets, facilitating international trade and transport.
Sheikh Khalifa expressed confidence that 2025 would usher in further growth and success for Qatar's private sector and reaffirmed the chamber's commitment to playing a more effective role in bolstering the national economy.
During the meeting, several businessmen raised important issues, including the need for greater clarity around industrial zone contracts, the improvement of investor relations with public officials, and the organization of specialized economic seminars by the Chamber.
'These dialogues are essential as we continue to build a resilient, competitive, and diversified economy,' Sheikh Khalifa concluded.
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