QC Chairman participates in B20 Indonesia Summit

QC President, Sheikh Khalifa bin Jassim Al Thani with other officials during the B20 Indonesia Summit 2022.

Doha: President of the Qatar Chamber (QC), Sheikh Khalifa bin Jassim Al Thani and the International Chamber of Commerce (ICC) Qatar, participated in the B20 Indonesia Summit 2022 and the 178th ICC Executive Board Meeting in his capacity as a member of the ICC Board of Directors .

The B20 Indonesia Summit, which took place on November 13 and 14, 2022, brought together more than 1,000 Chief Executive Officers (CEOs) from around the world, influential business and state leaders, and other stakeholders from the international business community from several different countries . Industries. Held as a sideline event on November 15 in Bali, Indonesia, the ICC Executive Board Meeting was convened to convene the governing body responsible for developing and implementing the ICC’s strategy, policy and program of action, as well as overseeing financial affairs . of the World Trade Organization.

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The B20 is the official G20 engagement group and the official G20 dialogue forum for the global business community, with a mandate to deliver actionable policy recommendations on the priorities of the presidency aimed at stimulating economic growth and development, meanwhile, addressing and honing on several important global issues, such as digitization, climate action and gender-related issues. The policy recommendations will then be conveyed to the G20 presidency at the G20 summit.

This year, the B20 summit was organized by the Indonesian Chamber of Commerce and Industry (KADIN Indonesia) at the request of the government of Indonesia, which holds the current G20 presidency.

The summit was held under the theme of “Advancing Innovative, Inclusive and Collaborative Growth” in support of the G20 theme of “Recover Together, Recover Stronger”.

Sheikh Khalifa emphasized the importance of the B20 summit, as it offers the business community an opportunity to participate in a dialogue that is directly involved with the world’s largest economies. The G20 countries are known to account for 80 percent of the world’s GDP, 75 percent of world trade and 60 percent of the world’s population, making their impact on the global economy incredibly significant.

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He added that “the themes under this year’s presidency – innovation, inclusiveness and cooperation – are able to jumpstart important areas of focus, ultimately resulting in imperative, productive and very relevant policy recommendations as well as opening crucial high-level discussions that the reflection of the current global issues faced by the real economy”.

Sheikh Khalifa emphasized that “climate change could pose a risk to business continuity. Through the rise of multi-stakeholder interactions regarding climate and the environment, climate action across the board is even more and more realized and updated. At the same time, this evident because global trends are experiencing more investments in green projects.

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He noted that “Qatar attaches great importance to renewable and clean energy. Recently, in October 2022, Qatar inaugurated the Al Kharsaah Solar Power Plant (KSPP) on an area of ​​10 square kilometers and has more than 1,800,000 solar panels, which aims to meet 10 percent of electricity demand.

Sheikh Khalifa pointed out that innovation is one of the key tools to accelerate economic growth, affirming that Qatar is actively working to strengthen its digital infrastructure to support and build a robust digital economy.

In line with the public-private partnership discussions at the summit, Sheikh Khalifa referred to Qatar’s Private Public Partnership (PPP) law which was passed in 2020, and offers many fiscal and non-fiscal benefits. Since the law came into force, many projects have been implemented across various economic sectors, such as health, education and tourism, facilitated by the PPP law.


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