(MENAFN - Qatar News Agency) The average rate of private sector investments in the gross domestic product (GDP) of Middle East and North African (MENA) countries is estimated at 13-15 percent, local media said quoting a senior official of the Council of Saudi Chambers (CSC).
CSC Chairman Abdullah Al-Mabti recalled data released by the World Bank saying that 60 percent of business owners in the MENA region see that laws and government measures are not applied on a regular basis
Mohamed Al-Hamadi, member of Riyadh Chamber of Commerce and Industry (RCCI), stressed the need to create a mechanism for cooperation between the private and public sectors so as to increase rates of work opportunities to cope with the increased population growth and how to face recession and economic slowdowns
Both officials were speaking to local media prior to a Private Sector ME Conference (PSMEC) scheduled to begin on Tuesday in Riyadh
The conference plans to address five key subjects that represent the main challenges facing Middle East economies through five workshops