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QNA
Luxemburg
Minister of Economy and Commerce HE Sheikh Ahmed bin Jassim bin Mohammed al Thani presided over the Qatari delegation participating in the Qatar-Luxembourg Business Forum held in Luxembourg City on Thursday.
Addressing the forum, Sheikh Ahmed hailed the close ties between Qatar and Luxembourg which witnessed a steady growth, thanks to the exchange of official visits between the two countries and the signing of bilateral agreements on various areas, especially in the economic, tourist, financial, scientific and cultural areas.
He stressed the importance of enhancing bonds of cooperation in various fields, especially economic, trade and investment, including innovation and technology, noting that Qatar considers innovation as a top priority and seeks to attract leading specialists from international companies in order to build a diverse and competitive knowledge-based economy.
He also stressed the need to develop the volume of trade exchange between the two countries, which amounted to around $25 million in 2015.
On the current conditions in the global economy, given the volatility of oil prices and decline of growth rates, he called to join efforts to achieve investment partnerships to enhance the immunity of both countries' economies.
The minister expressed hope that the business forum would contribute to increasing the volume of trade exchange between the two countries and establish effective partnerships and new investments opportunities between Qatari businessmen and their Luxembourg counterparts.
For his part, Chairman of Qatari Businessmen Association (QBA) Sheikh Faisal bin Qassim al Thani said the event comes within the framework of the efforts being exerted by Qatar to build a solid foundation for common understanding and promote bilateral relations.
He pointed out that Luxembourg took advantage of its geographical location to perform an influential and vital role in all economic, political and cultural fields.
Qatar has been able to continue to implement a long-term investment strategy, in which the State constitutes a newly open-minded partner to investors, he said.
The Qatari delegation also included a number of representatives of the Public Works Authority (Ashghal), Qatar Rail, the Supreme Committee for Delivery & Legacy, the Ministry of Energy and Industry, Qatar Foundation For Education, Science and Community Development (QF), Nebras Power QSC, Qatar Financial Centre (QFC) and Katara Hospitality, Manateq and Qatar Airways.
