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Qatar Chamber to bolster ties with Iraqi counterpart

Qatar Chamber to bolster ties with Iraqi counterpart

Qatar Chamber Chairman Sheikh Khalifa bin Jassim bin Mohammed Al Thani (second right) and Abdul Razzaq Al Zuhairi (second left), Chairman, Iraqi Chambers of Commerce, and other officials during the meeting.

DOHA:  Qatar Chamber (QC) is looking to strengthen its cooperation with the Federation of Iraqi Chambers of Commerce. Qatari and Iraqi businessmen are looking forward to studying projects and opportunities to establish partnerships and develop trade and economic interests between them and benefit from memorandums of understanding and agreements signed between the two countries in all fields, Qatar Chamber Chairman, Sheikh Khalifa bin Jassim bin Mohammed Al Thani.

Sheikh Khalifa was speaking after receiving the visiting Chairman of Iraqi Chambers of Commerce Chairman, Abdul Razzaq Al Zuhairi and the accompanying delegation. The QC and the visiting delegation discussed ways of cooperation between the two sides and reviewed issues related to investment between the private sector in Qatar and Iraq.

The QC Chairman pointed out that there is a desire to increase the volume of trade exchange which is still without the aspirations and potential of the two countries. Sheikh Khalifa said that Qatar and Iraq have strong brotherly relations and that there is keenness to develop these relations, particularly in the business and trade sectors, pointing out that Iraq has great fundamentals and boasts of investment projects that can be Qataris enter it.

He stressed that Qatari and Iraqi businessmen are looking forward to studying projects and opportunities to establish partnerships and develop trade and economic interests between them and benefit from memorandums of understanding and agreements signed between the two countries in all fields. He pointed out that there is a desire to increase the volume of trade exchange which is still without the aspirations and potential of the two brotherly countries. He expressed the hope that the coming period will witness the beginning of a new phase of joint cooperation between the business sectors in the two countries.

For his part, Abdul Razzaq Al-Zuhairi said that the State of Qatar is a unique investment destination and that there is a desire from Iraqi businessmen and investors to get acquainted with the opportunities available and that the past period has witnessed a close relationship between the business community in the two countries through mutual visits to trade delegations, paving the way for increased partnerships between the two sides, especially in the industrial and agricultural fields.

He added that the Iraqi market is an important gateway to the Arab and Gulf markets nearby, pointing out that there are many investment opportunities that Qatari businessmen can enter, especially in reconstruction projects, which allow the Qatari companies working in the field of building materials and contracting to establish major strategic projects that serve the two countries. There is a government encouragement to facilitate the establishment of business in Iraq, and that the government adopts economic thinking seeks.

Al-Zuhairi who said Iraq is an attractive destination for foreign investors, called on Qatari investors to explore the investment potential in Iraq.

The meeting was attended by Mohammed Bin Ahmed Al Obaidli and Abdulrahman Al Ansari, members of the Board of Directors of the Qatar Chamber.

Source: Peninsula