Private sector maintains a key role in economic development amid pandemic: Sheikh Faisal
May 10 2020 10:05 PM
HE Sheikh Faisal bin Qassim al-Thani
HE Sheikh Faisal bin Qassim al-Thani

Qatar’s private sector has continued to function as an instrument for economic development despite the challenges it is facing during the novel coronavirus (Covid-19) pandemic, a top official of the Qatari Businessmen Association (QBA) has said.

“Qatar’s business community has proven be highly-responsible throughout the various exceptional circumstances that came over the Qatari economy, in particular, and the international economy, in general,” said QBA chairman HE Sheikh Faisal bin Qassim al-Thani during a recently-held video conference with HE the Prime Minister and Interior Minister Sheikh Khalid bin Khalifa bin Abdulaziz al-Thani.

During the meeting, which was attended by other leading business institutions in the country, Sheikh Faisal pointed out that the private sector “has fully undertaken its role and used all its potentials to support the national economy.”

“Besides, the private sector is not only seeking support and finances but it simultaneously working to assume an effective role at the economic and commercial activities in the country as part of its sense of responsibility towards the nation and for the good of the two parties,” he stressed.

According to Sheikh Faisal, the meeting affirms that major players and stakeholders in the country’s industries all agree on the need for the private and public sectors to co-operate and to rise above the “exceptional circumstances” happening in the country.

“In addition, work should be done to put all human, financial, and economic capabilities in the service of the government programmes to guarantee the protection of the economic, investment, and social environment in our country, Qatar,” he noted.

Sheikh Faisal said the pandemic is a practical test on the readiness of official establishments of the country, and measures the ability of the government system to face challenges and give a flexible response to the demands of the current situation to mitigate the economic and social consequences of epidemic.

“I would like to thank your excellency for holding this meeting, which will boost co-operation between government organisations and the private sector, and this gives us more confidence and assurance to continue the national role of the private sector as a partner in achieving comprehensive development and facing the current crisis,” Sheikh Faisal added.




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