Ways to boost Oman-GCC economic and commercial cooperation discussed

Manama: The Board of Directors of the Federation of GCC Chambers (FGCCC) on Tuesday held its 69th meeting in Manama, Kingdom of Bahrain.The meeting was chaired by Sheikh Khalifa bin Jassim bin Mohammed Al Thani, Chairman of the FGCCC, Chairman of the Board of Directors of Qatar Chamber. The delegation of Oman Chamber of Commerce and Industry (OCCI) was led by Rashid bin Amer Al Maslahi, First Deputy Chairman of the OCCI Board of Directors.The discussions covered a number of areas, including ways to enhance economic and commercial cooperation among GCC states, the role of the private sector in developing intra-GCC trade and means of achieving GCC economic integration.During the meeting, the FGCCC Board reviewed periodic reports on steps to implement past decisions. It also took decisions on supporting joint investment and real estate projects in a manner that secures the the augmentation of financial returns and the application of appropriate policies.The FGCCC Board also looked into administrative and financial reports and reviewed the Federation’s future plans and draft annual budgets.The meeting laid emphasis on the importance of establishing long-term strategic approaches to joint events. It also discussed proposals to enhance joint working mechanisms and incorporate initiatives aimed to safeguard the interests of the Gulf business sector, in addition to coordinating preparations for upcoming events and meetings with the GCC Secretariat General.