Federation of GCC Chambers member
Federations and Chambers of Commerce
FGCCC comprise of the six GCC National Chambers of Commerce which include The Federation of United Arab Emirates Chambers of Commerce & Industry, Bahrain Chamber of Commerce & Industry, Council of Saudi Chambers, Oman Chamber of Commerce & Industry, Qatar Chamber and Kuwait Chamber of Commerce & Industry.
The UAE Federation of the Chambers of Commerce and Industry (FCCI) was established in 1976. The federation has gone a long way to represent the business sector and the chambers of commerce and industry in socio-economic life. The UAE FCCI has adopted several mechanisms in its work such as:
• Promoting the FCCI’s activities on internal and external levels.
• Consolidating organic ties between the FCCI and the member chambers.
• Supporting the chambers’ capabilities since the efficiency of the federation is eventually the total effi- ciency of the chamber’s members.
• Improve administrative, technical, and financial capabilities using modern technology.
• Promoting joint agreements between the UAE and other countries.
• Increasing cooperation with the Gulf, Arabic, and international organizations.
• Publishing research and studies of the UAE economy and specialized bulletins and publications.
Since its inception in 1939, the Bahrain Chamber of Commerce and Industry (BCCI) played a prominent role in shaping the national economy of Bahrain and creating a vigorous private sector.
It has kept abreast of the fast-paced economic and social developments and consolidated its efforts to stimulate the growth and expansion of the private sector and empower its role in the economic devel- opment of the country alongside the public sector.
The Federation of Saudi Chambers of Commerce and Industry is the official federation for the 28 Saudi Chambers. The Council was formed as per the Royal Decree # R/6 dated 30/04/1400 Hijri (March 1980) with its head office in Riyadh. Its main objective is to observe the common interests of the Saudi Cham- bers, represent them on local and international levels and assist in the enhancement of the private sec- tor’s role in the development of the national economy.
When the Council formed its executive arm, the General Secretariat of the Council, it started its actual tasks as of 1401 H (1981). Since then, the Council took good strides towards the realization of the objec- tives assigned to it.
The key role of the Federation is to serve the common interests of the Saudi Chambers, sup- port the development of the private sector and enhance its role in the national development. The Council managed, through the support of the Chambers and relevant government authorities, to real- ize a large portion of its objectives in different fields.
The Gulf Organization for Industrial Consulting (GOIC) was founded in 1976 by the Gulf Cooperation Council (GCC) member states: The United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait, and in 2009, Yemen joined the Organization. The Gulf Organization for Industrial Consulting endeavors to provide clients with quality professional services, added value research and unique consulting services regarding industrial and economic development issues in GCC countries and Yemen.
Established in 1963 by virtue of the Law No (4), Qatar Chamber of Commerce & Industry (QCCI) is one of the oldest chambers in the GCC countries. Its main role is to organize business interests and represent the Qatari private sector locally and globally as well as support the country’s economic actors and pro- ductivity.
Non-profit, self-financed private institution, established by Ameri decree issued in 1959.
• Currently the registered members exceed 79000 and represents the general assembly.
• The general assembly elects 24 members for the Board of Directors for a period of 4 years, half of whom are elected every two years.
• Subscriptions and authentication fees are the main resources of income.
• The President and the Board Members are considered volunteers for public services.
• The Chamber is a consultative entity in all economic affairs.