HE Qatar Minister of Business and Trade Emphasizes the Need to Create Strong National Companies

Doha, March 07 (QNA) -HE Minister of Business and Trade Sheikh Jassim bin Abdulaziz Al Thani has stressed the need to create strong companies capable of handling the development plan in the country. This came during a debate session held here Wednesday between the Ministry of Commerce and Business and the Qatari businessmen. HE Sheikh Jassim bin Abdulaziz Al Thani stressed over the session which was included in the press release issued by the ministry today on the results of the meeting, the importance of concerted efforts between the state institutions and the Qatari businessmen to promote business and trade sectors in the country. He expressed full commitment and obligation to provide full support and assistance to the Qatari private sector including the qatari businessmen who represent the real nucleous for development as being a wheel to recycle the investment fund in the local economy the matter which would produce positive outcomes on the technical and material outlets of the development projects. HE the Minister stressed the importance of working to create local construction companies and support them in all possible ways to be able to compete to the execution of projects outside the state. The debate session, was held here on Tuesday in the presence of HE Sheikh Faisal Bin Qassim Al Thani, Chairman of the Qatari Businessmen Association , HE Sheikh Khalifa bin Jassim Al Thani, the Chairman of Qatar Chamber of Commerce and Industry (QCCI) , HE Sheikh Hamad Bin Faisal Bin Thani Al Thani, the Chairman and Managing Director of the Gulf Bank, and a number of ministry officials and Qatari businessmen. The debate session has also focussed on the construction sector in Qatar and the key role of the private sector in its growth as well as the ways the government supports the development of the outputs of that sector. HE Sheikh Faisal Bin Qassim Al Thani, Chairman of the Qatari Businessmen Association said, "This session reflected the keenness of HE the Minister of Business and Trade to support the Qatari businessmen and companies and the sincerity among officials in supporting business and trade. Chairman of the Qatari Businessmen Association, spoke about the main obstacles faced by local construction companies in the competition for development projects in the state and cons of relying on foreign execution of those projects. For his part, Chairman of the Chamber of Commerce and Industry (QCCI) praised the efforts of the Ministry of Business and Trade, indicating that HE the Minister expressed his full cooperation and support to provide all opportunities for local construction companies and Qatari businessmen and issuance of the necessary laws. (QNA)