Doha, Qatar — Qatar Chamber has established a committee for gold and jewelry to address issues facing this sector and work to develop it within the next five years as one of the country’s important sector.
QC board member and Chairman of the Committee Naser bin Suleiman Al Haider, who presided over the committee’s first meeting, said the committee mainly aims to strengthen coordination with concerned bodies to solve any obstacles facing gold companies.
During the meeting, Ali Hassan Al Khalaf was elected vice-chairman of the committee, which agreed to prepare an electronic form in Arabic and English languages to be sent to all members, gold firms and other related companies to learn about the issues facing this sector.
It also agreed that the gold sector shall be divided into three subsectors: the gold trade, the jewelry trade and the gold and jewelry factories.
In July 2022, Qatar Central Bank bought 14.8 tons of gold, its biggest gold purchase on record.