Tribune News Network
Doha
Qatar Chamber (QC) hosted on Monday a Chinese delegation representing the Council for the Promotion of International Trade (CCPIT) and the China Chamber of International Commerce, led by its Vice-Chairman, Yu Jilanlong.
QC First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari welcomed the delegation, in the attendance of a number of Qatari businessmen.
The discussions during the meeting focused on enhancing bilateral economic and commercial cooperation, exploring investment opportunities in both countries, and expanding partnership and collaboration between the Qatari and Chinese private sectors.
Speaking at the meeting, Al Kuwari praised the distinguished relations between Qatar and China, noting that their trade exchange exceeded QR 87 billion last year, compared with QR 42.7 billion in 2020. He emphasized that China is one of Qatar’s most important trade partners.
Elaborating on Qatar’s investment climate, he highlighted that Qatar is witnessing a comprehensive economic boom, thanks to the sound economic strategies of its Wise Leadership, which have positioned Qatar as a leading regional and international hub for investment and business. "Qatar has developed world-class infrastructure, established free and industrial zones, and enacted economic legislation that has created an attractive investment environment,” he said.
Al Kuwari called on Chinese companies to invest in Qatar and forge partnerships with Qatari companies across various sectors including industry, services, tourism, stressing the Qatari private sector’s interest in investing in new industries and establishing new commercial alliances.
He also underscored that Qatari investors are eager to explore investment opportunities across various sectors in China. He further emphasized that the Chamber encourages Qatari investors to invest in China and collaborate with their Chinese counterparts. He expressed the Chamber’s readiness to cooperate with the CCPIT and to activate agreements signed between them for the advantage of the private sectors in both countries.
For his part, CCPIT Vice-Chairman,Yu Jilanlong, thanked the Chamber for hosting the meeting, stressing its commitmentto enhancing cooperation between the Qatari and Chinese private sector.
He underscored the significance of Qatar for China, noting that the two countries’ trade is steadily growing and there are numerous Qatari successful investments in China across various sector. He also highlighted that Qatar’s hosting of the FIFA World Cup 2022 drew global attention to Qatar.
Jilanlong added that the delegation includes several leading Chinese companies specializing in sectors such as industry, agriculture, AI, and financial consultancy. He invited Chamber members and Qatari investors to visit his country to learn more about its investment climate and opportunities.
He also invited Qatari companies to participate in the 2nd China International Supply Chain Expo (CISCE), scheduled to take place from November 26-30, 2024, at the China International Exhibition Center in Beijing.
QC board member, Eng. Ali bin Abdullatif Al Misnad, proposed that the CCPIT open an office in Qatar, citing Qatar’s prominent global economic position. He noted that this would further strengthen cooperation and partnerships between the private sectors of both countries.
Al Misnad also highlighted that Qatar offers numerous opportunities across various sectors where Chinese and Qatari companies can collaborate and establish joint ventures. He further emphasized the incentives and opportunities provided by Qatar’s free zones.