This reflects the role of the business community and its contribution to economic development, which serves as the first pillar of the nation's life, where the national economy will not be advanced unless the private sector critically contributes to the economic process.
By God’s will, over the past four years, we have been able to lay some solid foundations in the protocols of the work of the Chamber, where it became the third part in the forming stages of economic decisions. Alongside a profound change in the composition and work of the sectorial committees, then we evolved from a service provider to a commercial and industrial representation platform in the chamber. Inclusiveness and boldness, coupled with commitment and responsibility, became our work tradition, leading us to successfully amend laws and legislations related to the commercial market, as well as to reorganize the organizational structure of the Chamber's administration.
In an effort to explore, support and develop the human potential of the Bahrain Chamber of Commerce and Industry, we launched the Institutional Transformation Initiative, which contributed to putting the Chamber in a position to develop and grow, and enabled our employees to contribute by developing their skills, abilities and potentials, thus, constituting a qualitative shift in the Chamber's working mechanisms and administration by applying best practices to support the business community with the best services achieved for effective and sustainable cooperation that enhances the performance of the Chamber.
In order to strengthen the private sector, we have developed initiatives to formulate a development strategy that sets out three main priorities for its work: enhancing and controlling the competitiveness of markets locally and regionally; addressing support and financing of the private sector; and developing national human capital. These three pillars are the pillars of our plan, which will be done cooperatively, recognizing the magnitude of economic, commercial and financial challenges to achieve a renewable and sustainable developmental structure. We have worked to develop profound solutions to problems that have halted the private sector from its role for many years, and its implementation comes within the framework of Bahrain's Economic Vision 2030, which reflects the long-term strategic plan of the Kingdom to achieve the principles and objectives of sustainable development in all areas.
From that exact perspective, we renew our commitment to our continued representation, support and protection of the interests of the business community by finding innovative solutions to overcome challenges and difficulties by supporting business continuity and enhancing its competitiveness. In addition to standing with the Bahraini merchant towards restoring his leading role in leading the financial and business community, he has been, and remains the focus of our objective and purpose. Supporting the Bahraini merchant is the responsibility of all board members, along with supporting all small and medium business enterprises across their sectors and fields, in order to achieve a rapid response to the needs of the business sector in line with the objectives of Bahrain's Economical Vision 2030.
We hope that Arab Economic Integration will be achieved and that mutual cooperation between all members of Arab Chambers Confederation will be strengthened. We have therefore paid great attention to the formation of Arab economic conglomerates capable of confronting changes and developments regionally and globally by urging the Arab private sector to provide complementary and non-complementary solutions to broaden Arab investment prospects to the private sector in order to seize promising opportunities, which will increase the interdependence of our Arab Countries and maximizing the common economic interests.