Kuwait, November 19 (QNA) - The Union of Arab Chambers, which is the official representative of the Arab private sector, has affirmed that organizing the FIFA World Cup 2022 by the State of Qatar is a source of pride for all the people of the Arab region.

This was revealed at the closing statement of the 133rd board of directors meeting of the Union of Arab Chambers (UAC) held recently in the State of Kuwait.
The "Kuwait Summit for the Private Sector" statement also stressed that the World Cup opened broad horizons for Arab companies to implement more projects and gain more expertise.

HE Chairman of Qatar Chamber Sheikh Khalifa bin Jassim bin Mohammed Al-Thani led the Chambers delegation participating in the meeting which touched on many topics, including enhancing mutual investments between Arab countries and the most prominent obstacles facing the intra-Arab trade, in addition to upgrades in the global trade and opportunities available for Arab economies.

During the meeting, Their Excellencies the heads of unions and Arab chambers and members of the delegations praised Qatar's organization of this tournament, assuring that it is a championship for all Arabs and that its economic gains would exceed all expectations.

The statement also called on Arab governments to achieve the four freedoms that enhance Arab economic integration, which are the freedom of movement of individuals, freedom of movement of capital, freedom of movement of goods, as well as the freedom of transfer of services by accelerating the adoption of the Agreement on Liberalization of Trade in Services among the Arab Countries.

The establishment of Arab value and supply chains through Arab ports and sea lines and logistics centers, and providing support for the multimodal transport, as well as the establishment of an Arab commodity exchange were among recommendations.

The meeting also stressed on encouraging the private sector to play its societal role in developing and supporting education, training, and entrepreneurship to create productive generations that keep pace with developments, with a focus on youth entrepreneurs.

It further called for empowering womens participation in economic activity, activating the PPP in all economic sectors, and activating the role of banks and funds Arab development in support of investments. (QNA)