Doha:The Parliamentary Division delegation, headed by MP Mohammed Yousef Al Maarifi, Deputy Chairman of the Financial and Economic Affairs Committee, concluded its participation in the ninth World Investment Forum. Organized by the United Nations Conference on Trade and Development (UNCTAD) and hosted by Qatar from October 25 to 27, the event focused on the theme "Investing in the Future."
According to Bahrain News Agency, the delegation stressed the necessity of enhancing international cooperation to tackle challenges that impede investment flows. They advocated for the development of policies and legislation aimed at supporting market stability, stimulating growth, and expanding economic partnerships to contribute to sustainable development.
The forum addressed several key topics, including the future of investment in the Gulf region, the resilience of global value chains, sustainable finance, investment in artificial intelligence and digital infrastructure, and support for entrepreneurship and small and medium-sized enterprises. The delegation highlighted the importance of these discussions.
They also emphasized the crucial role of legislative councils in creating a conducive legal environment for attracting investment. This involves adapting to economic and technological changes and aligning legislation with development policies to support income diversification and foster sustainable economic opportunities.
Furthermore, the delegation reiterated that regional security, the freedom of maritime navigation, and the safety of international straits are vital for maintaining global trade and investment flows. They called for international collaboration to protect shared economic interests.
The delegation participated in several specialized sessions and seminars, including a regional seminar on foreign direct investment statistics in the Organisation of Islamic Cooperation (OIC) countries and a roundtable on the role of investment promotion agencies and special economic zones.
Lastly, the delegation underlined the importance of continuing to exchange parliamentary expertise in economic and investment sectors and utilizing discussions from the forum to enhance the legislative framework and strengthen partnerships that align with the aspirations for development and prosperity.