Qatar, Saudi Arabia Explore New Horizons for Trade and Investment Cooperation

DOHA, Sept 15 (VoM): The Qatar Chamber (QC) on Monday hosted a high-level trade delegation from the Kingdom of Saudi Arabia’s Export Development Authority (SEDA), led by Vice President for Services Exports Saud Al Qablan, to review opportunities for deeper economic and investment cooperation between the two Gulf nations.

QC board member Eng. Ali bin Abdullatif Al Misnad underlined the growing momentum in Qatari-Saudi relations, particularly in trade and investment. He noted that bilateral trade had surged by 65% over the past year, rising from QR 2.97 billion in 2023 to QR 4.88 billion in 2024.

“The Qatar Chamber is keen to support investors and businessmen by providing all facilities that help develop fruitful partnerships, achieve mutual interests, and strengthen both countries’ positions on the regional and global economic map,” Al Misnad said. He called on investors from both sides to explore opportunities, especially in non-oil sectors aligned with sustainable development and the National Vision 2030 strategies of both Qatar and Saudi Arabia.

For his part, Saud Al Qablan emphasized the long-standing ties between the two nations, noting that the delegation included representatives from 26 Saudi companies spanning six sectors: construction, transportation, logistics, ICT, health, education, and consulting services.

“These companies are eager to invest in Qatar, integrate with the local private sector, exchange expertise, and enhance bilateral trade,” Al Qablan stated.

QC board member Dr. Mohamed bin Jawhar Al Mohamed highlighted the importance of Gulf Cooperation Council (GCC) economic integration, stressing the vital role of the private sector in achieving this goal. Meanwhile, QC’s Abdulrahman Al Ansari pointed out that Saudi companies in the delegation have extensive experience in fields that match Qatar’s market needs, creating the basis for strong partnerships and strategic alliances.

The meeting reinforced the determination of both nations to deepen their economic ties, with business leaders from both sides expressing optimism about expanded collaboration in key growth sectors.

@Voice of Malaysia news