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Tribune News Network
Doha
Trade between Qatar and Kuwait, which grew 72 percent from QR2.4 billion in 2017 to QR4.3 billion in 2018, further jumped 11 percent in the third quarter of 2019 from the same period in 2018, Qatar Chamber Chairman HE Sheikh Khalifa bin Jassim al Thani has said.
Addressing the opening session of the Qatari-Kuwaiti Business Forum, which marked the start of the Made in Qatar exhibition in Kuwait on Tuesday, Sheikh Khalifa said nearly 635 Qatari-Kuwaiti companies operate in both the markets.
Hailing the mediation done by Kuwait in attempts to end the unjust blockade on Qatarm, the QC chairman said the forum aims to enhance ties between the business sectors in the two countries, increase trade and awareness on mutual investment opportunities.
The expo and the business forum would be an opportunity for businessmen to get a deeper understanding of the the investment climate and opportunities available in both the countries and help forge more alliances.
Kuwait Chamber Vice Chairman Abdel Wahab al Wazzan highlighted the Kuwaiti economy and its commercial, financial and industrial potentials, advanced infrastructure, organised institutional structure, encouraging investment environment and judicial
system.
He said the Kuwait Vision 2030, which seeks to transform the country into a leading commercial and financial hub, and the Qatar Vision 2030, which aims for sustainable development, go a long way in bringing
the two nations closer and enhance the goal of advancing the Gulf economic integration.
He expressed pride in hosting the exhibition that serves as a window to identify the progress of Qatar’s industry.
Despite trade growing by 80 percent within the past three years, he said the current bilateral trade volume did not match the potential the countries hold. Establishing a maritime route between Hamad Port in Qatar and Shuwaikh Port is in the right direction, he said.
QDB’s CEO Abdul Aziz al Khalifa said holding the eighth edition of the expo, which is the third to be held outside Qatar, in Kuwait is a strong testament to the depth of the two countries’ relations.
Khalifa said the Qatari industry made great
strides in manufacturing products of high quality that proved competitiveness locally and regionally and internationally.
He pointed out that Qatar is ranked second among the most competitive Arab economies and 29th globally out of the 141 countries assessed last year, according to the Global Competitiveness Report 2019.
Qatar is also ranked fourth globally in the “Financing of SMEs” indicator and ranked 12th in entrepreneurship culture indicator.
Qatar has secured 28th place globally out of the total 137 countries ranked in the Global Entrepreneurship Index compiled by The Global Entrepreneurship and Development Institute in 2019.
Doha
Trade between Qatar and Kuwait, which grew 72 percent from QR2.4 billion in 2017 to QR4.3 billion in 2018, further jumped 11 percent in the third quarter of 2019 from the same period in 2018, Qatar Chamber Chairman HE Sheikh Khalifa bin Jassim al Thani has said.
Addressing the opening session of the Qatari-Kuwaiti Business Forum, which marked the start of the Made in Qatar exhibition in Kuwait on Tuesday, Sheikh Khalifa said nearly 635 Qatari-Kuwaiti companies operate in both the markets.
Hailing the mediation done by Kuwait in attempts to end the unjust blockade on Qatarm, the QC chairman said the forum aims to enhance ties between the business sectors in the two countries, increase trade and awareness on mutual investment opportunities.
The expo and the business forum would be an opportunity for businessmen to get a deeper understanding of the the investment climate and opportunities available in both the countries and help forge more alliances.
Kuwait Chamber Vice Chairman Abdel Wahab al Wazzan highlighted the Kuwaiti economy and its commercial, financial and industrial potentials, advanced infrastructure, organised institutional structure, encouraging investment environment and judicial
system.
He said the Kuwait Vision 2030, which seeks to transform the country into a leading commercial and financial hub, and the Qatar Vision 2030, which aims for sustainable development, go a long way in bringing
the two nations closer and enhance the goal of advancing the Gulf economic integration.
He expressed pride in hosting the exhibition that serves as a window to identify the progress of Qatar’s industry.
Despite trade growing by 80 percent within the past three years, he said the current bilateral trade volume did not match the potential the countries hold. Establishing a maritime route between Hamad Port in Qatar and Shuwaikh Port is in the right direction, he said.
QDB’s CEO Abdul Aziz al Khalifa said holding the eighth edition of the expo, which is the third to be held outside Qatar, in Kuwait is a strong testament to the depth of the two countries’ relations.
Khalifa said the Qatari industry made great
strides in manufacturing products of high quality that proved competitiveness locally and regionally and internationally.
He pointed out that Qatar is ranked second among the most competitive Arab economies and 29th globally out of the 141 countries assessed last year, according to the Global Competitiveness Report 2019.
Qatar is also ranked fourth globally in the “Financing of SMEs” indicator and ranked 12th in entrepreneurship culture indicator.
Qatar has secured 28th place globally out of the total 137 countries ranked in the Global Entrepreneurship Index compiled by The Global Entrepreneurship and Development Institute in 2019.
