Riyadh – The Federation of GCC Chambers (FGCC Chambers), in partnership with the Gulf Cooperation Council (GCC) General Secretariat, has launched the Tawasul initiative to strengthen cooperation between the public and private sectors. This initiative aims to enhance economic integration and expand investment opportunities across GCC countries.
Tawasul focuses on introducing private sector businesses to available investment prospects and government incentives. This helps them maximize benefits and drive regional economic growth. The initiative will also address barriers that hinder trade and investment among GCC nations.
FGCC Chambers Secretary-General Saleh bin Hamad Al Sharqi emphasized that Tawasul will increase trade exchange, boost inter-GCC investments, and support government-led economic initiatives. He also noted that the initiative will help develop new strategies to strengthen the Gulf business environment.
To achieve its goals, Tawasul will involve key stakeholders through events, workshops, and seminars. These platforms will facilitate discussions on investment opportunities, encourage expertise exchange, and connect private sector leaders with government officials. A major economic seminar will also be organized to tackle challenges and propose solutions for enhancing regional investments.
Al Sharqi highlighted that the initiative addresses several pressing challenges in the GCC’s private sector. These include limited awareness of investment opportunities. Moreover, he pointed out the absence of a unified platform linking businesses with government entities and the lack of sector-specific economic solutions.
With Tawasul, the FGCC Chambers aims to create a more integrated, business-friendly environment. This environment will foster sustainable economic growth across the Gulf region.
