Business meeting between Qatar and Saudi Arabia aims to expand investment ties

Officials from the Qatar Chamber and Saudi Arabia’s Asharqia Chamber participated in the Qatari-Saudi business meeting held in Doha on Sunday in the presence of key dignitaries from both sides.
The meeting, hosted by the Qatar Chamber, was co-chaired by First Vice President Mohamed bin Towar al-Kuwari and Asharqia Chamber Speaker Badr bin Suleiman al-Raziza.
The participants discussed ways to strengthen cooperation between Qatari and Saudi businessmen in the areas of trade and investment, as well as investment opportunities available on both sides.
They also discussed the possibility of building alliances and partnerships between companies in Qatar and their counterparts in Saudi Arabia to achieve economic and trade integration.
Addressing the meeting, al-Kuwari stressed the Qatar Chamber’s interest in enhancing cooperation and opening up new channels of partnership between businesses in the two countries. He said the meeting will contribute to the further development of economic and trade relations between the two countries.
Al-Kuwari said Qatar and Saudi Arabia share a “close and historic relationship”, which is reflected in their economic ties, particularly with the common desire of the private sector in both countries to strengthen cooperation and forge alliances and partnerships.
He noted that bilateral trade between Qatar and Saudi Arabia “has started to gradually return to its previous levels”, which stood at “674 million QR” in 2021, which, according to al-Kuwari, “is still below expectations compared to pre-2017 levels”.
Al-Kuwari highlighted the close relations between the Qatar and Asharqia Chambers and the willingness of the two organizations to cement the relationship and encourage businesses in Qatar and the Eastern Saudi Province to develop cooperative ties and establish investments and joint partnerships.
This also affirms that the Eastern Province represents a particular importance for the Qatari private sector due to its geographical position and the presence of all the incentives and facilitations to develop trade exchanges between the two parties.
Al-Kuwari stressed the importance of coordination between the two chambers to expand private sector cooperation, activate trade and create new investment opportunities.
He called on Saudi businessmen to expand their investments in Qatar and benefit from the incentives offered by the government. Al-Kuwari urged Qatari businessmen to explore the opportunities available in the Eastern Province and to cooperate with their Saudi counterparts in joint ventures that would expand the private sector’s contribution to achieving the two countries’ National Vision 2030.
Al-Raziza said Qatar and Saudi Arabia enjoyed extensive relations and a unified vision to achieve “inclusive renaissance” for the benefit of their people. He commended the role of the Qatari-Saudi Coordination Council in strengthening bilateral relations and expanding partnerships between the two countries in line with the National Vision 2030, which supports joint cooperation in the Gulf and creates new opportunities between the two countries. two brother peoples.
He said Saudi Arabia looks forward to broader partnerships between the two countries’ business sectors, especially in light of the favorable conditions supported by the aspirations of the leaders of the two countries and the fast-growing markets and sectors in Qatar. and in Saudi Arabia. .
Al-Raziza pointed out that this helps create new prospects for cooperation and partnerships, achieve economic integration and increase trade in the private sector.
During the meeting, the Qatar Investment Authority made a presentation on the investment opportunities available in Qatar. The Saudi delegation reviewed a number of elements of investment in the eastern province, such as land and air border crossings in the region, which contains 1,845 factories, or 22% of the total number of factories in Saudi Arabia. saudi. The most important industries in the province include chemical industries, textiles, paper, food products, non-metallic industries, oil, gas, coal and minerals, among others.

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