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Private Sector Investments Share 13-15% of GDP in MENA  Join our daily free Newsletter

MENAFN - Qatar News Agency - 03/12/2013

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(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

 






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