Thursday, July 29, 2021

Qatar-China To Hold Business Summit For Strengthening Economic Cooperation

Qatar and China are working closely on the expansion of economic cooperation between the two countries. For strengthening existing Qatar-China partnership, the Ministry of Commerce and Industry is organising the Qatar-China Business Forum in Beijing. 

The forum will serve as a platform to boost joint cooperation, bilateral trade, investments, and industrial relations that will help to push new partnerships between the two countries.

Both Qatar-China enjoys friendly trade and economic relations, reflected on the volume of bilateral trade that amounted to nearly $13.5 (about QR50bn) in 2018. Currently, China ranks as Qatar’s third largest trade partner, accounting for 11.7 percent of the country’s total foreign trade.

The business forum brings together a large number of Qatari and Chinese officials and businessmen, decision-makers, investors, and executives from major companies.

The forum will feature four sessions on a number of key topics, including the evolving legislative framework in Qatar in addition to business and investment opportunities available to Chinese companies. The sessions will also focus on opportunities and challenges linked to Qatari-Chinese cooperation and joint ventures. Discussions will also focus on infrastructure projects associated with Qatar’s preparations to host the 2022 FIFA World Cup, successful joint ventures and the success stories of Chinese companies in Qatar.

The event provides an important networking platform that brings together Qatari and Chinese businessmen and representatives of the private sector in both countries. It will familiarise attendees with the characteristics of the business environment in Qatar, which represents an attractive destination for foreign investments. The forum will also highlight Qatar’s attractive legislative environment, as well as amended laws and new legislation adopted by Qatar to attract and encourage foreign direct investments.

The forum will draw investment opportunities in priority sectors to pave the way for foreign investments in Qatar that will strengthen bilateral cooperation and contribute to the development of innovative investment areas.

At present more than 14 fully owned Chinese companies are operating in Qatar in addition to 181 joint Qatari-Chinese firms operating in the fields of construction, trade, information technology, furniture and engineering consultancy and other.

More News at EurAsian Times

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