Thursday, December 07
06:57 AM

Qatar, Oman to enhance trade and investment ties: H E Aseela

5 Mar 2022 Qatar, Oman to enhance trade and investment ties - H E Aseela

Doha – H E Aseela bint Salem al Samsamia, Undersecretary for Investment Promotion in the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP), confirmed that her visit to Qatar comes within the framework of efforts to enhance integration and partnership between the two brotherly countries in the trade and investment fields, describing the visit as a success.

H E Aseela said, in a statement to Qatar News Agency (QNA) on Thursday, that the purpose of her visit to Qatar is to promote investment in the Sultanate of Oman, learn about investment opportunities in Qatar, and search for integration between the visions of Qatar 2030 and Oman 2040, referring to the meetings she had with Qatar Investment Authority and representatives of the Qatari private sector. She also met with Sheikh Khalifa bin Jassim al Thani, Qatar Chamber’s (QC) chairman at the Chamber’s headquarters on Tuesday.

During these meetings she was able to showcase the promising investment opportunities in Oman, and the opportunities in the Oman Vision 2040 to enhance cooperation in the vital sectors that the sultanate is working to develop, especially in light of the presence of natural resources Oman aspires to benefit from.

H E Aseela pointed out the sultanate’s desire to expand the areas of partnership with the Qatari side, in line with the sultanate’s 2040 vision, which will focus on the logistical sector, tourism, manufacturing industries and renewable energy, in addition to exploiting the natural resources in the country that may complement the economic sectors in Qatar.

The Undersecretary explained that there are future projects that will be studied between the two sides to work on embodying them in reality, whether in Qatar or in Oman, in order to achieve the recommendations of the leaderships of the two countries and the desire to achieve integration in various fields.

On the possibility of holding a Qatari-Omani business forum in Muscat in which businessmen and investors from both countries participate to discuss the investment climate, available economic opportunities and the possibility of establishing joint projects, H E Aseela indicated that Qatari businessmen requested to see more investment opportunities in Oman and that is through organising a forum that brings together the two sides. She said, that the start will be through the formation of a joint team that will study the idea of the next forum and its timing, so that its details will be revealed in the coming period.

H E Aseela also affirmed Oman’s determination to provide investment incentives to Qatari businessmen in the fields of trade, tourism, banking, industry and other sectors in which they are looking to invest.

She also pointed out that she also saw the eagerness of Qatari businesswomen to establish many joint projects with Omani businesswomen by finding channels of linkage between the two parties.
The volume of intra-regional trade between Qatar and Oman amounted to about QR4.5bn in 2021, and Oman topped the trade partners of the Qatari private sector in terms of exports during the same year.


© 2021 Apex Press and Publishing. All Rights Reserved. Powered by Mesdac