Riyadh: The Federation of GCC Chambers (FGCC Chambers), with support from the General Secretariat of the Gulf Cooperation Council (GCC), launched the Tawasul initiative, with the aim of enhancing cooperation and integration between the public and private sectors.
The initiative contributes to introducing the private sector to available investment opportunities, enabling it to benefit from government incentives.
In addition, the initiative seeks to discuss economic integration projects and address the challenges that hinder the growth of trade and investment between the GCC countries.
In comments, FGCC Chambers Secretary-General Saleh bin Hamad Al Sharqi explained that the initiative aims to increase the volume of trade exchange and inter-investments, address challenges facing the private sector, enhance the benefits of government initiatives, and create new initiatives to support the Gulf business environment, thereby strengthening economic integration between the GCC countries.
He indicated that the initiative will be implemented in cooperation with member federations and chambers through organising events, workshops and seminars to discuss investment opportunities, facilitate the exchange of expertise between the private sector and relevant parties, and hold an economic seminar that brings together Gulf officials and investors for direct discussions on challenges and solutions to enhance Gulf investments.
Al Sharqi noted that the initiative responds to several challenges facing the private sector in the GCC countries, including limited awareness of available investment opportunities, the lack of a unified platform connecting the private sector with government agencies, and the failure to provide tailored solutions for each economic sector.
