Latest news with #QatarChamber
Zawya
4 days ago
- Business
- Zawya
About 80% growth in trade exchange between Qatar and Malaysia
Doha, Qatar: The Qatar Chamber participated in the ASEAN-GCC-China Economic Forum held yesterday, in the Malaysian capital, Kuala Lumpur. The Chamber's delegation was headed by Rashid bin Hamad Al-Athba, Second Vice Chairman of the Board of Directors, and included Eng. Ali bin Abdul Latif Al-Misnad and Nasser bin Suleiman Al-Haidar, both members of the Board. The forum featured working sessions focused on driving investment in ASEAN and GCC countries, the impact of artificial intelligence on various sectors, enhancing investments between ASEAN, the GCC, and China, accelerating strategic investments in the energy sector across the ASEAN region, and promoting strategic growth in the energy and logistics sectors. On the sidelines of the forum, Rashid bin Hamad Al-Athba, Second Vice Chairman of Qatar Chamber, met with H E Dato Amin Abdullah, Minister of Finance and Economy of the Sultanate of Brunei. During the meeting, they discussed areas of mutual cooperation and ways to strengthen ties with the Brunei Chamber of Commerce and Industry, including the signing of agreements in this regard. Al-Athba also met with Liew Chin Tong, Deputy Minister of Investment, Trade and Industry of Malaysia, where they discussed trade and economic cooperation between the two countries and ways to enhance mutual investments. In press remarks on the sidelines of the forum, Rashid bin Hamad Al-Athba emphasized the aspiration of the private sector in Qatar and GCC countries to strengthen cooperation with the Association of Southeast Asian Nations (ASEAN), noting that ASEAN is one of the fastest-growing economic regions in the world. It enjoys a strategic location along global trade routes and a growing economy, with a population of approximately 690 million—factors highly valued by Gulf investors when considering global expansion and increasing their presence in Southeast Asia. He pointed to the strong economic and trade relations between the State of Qatar and the Kingdom of Malaysia, which have witnessed significant growth in recent years. Malaysia is considered one of Qatar's key trading partners in Southeast Asia, with bilateral trade volume reached QR5.2bn in 2024, compared to QR2.9bn in 2023, marking an 80% increase. Al-Athba called on businesspeople in ASEAN countries and China to explore the business environment in Qatar, take advantage of investment incentives, and establish commercial alliances with Qatari companies across various sectors. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Qatar Tribune
4 days ago
- Business
- Qatar Tribune
QC receives Tanzanian delegation representing contracting sector
Tribune News Network Doha Mohammed bin Mahdi Al-Ahbabi, Member of the Board of Directors of Qatar Chamber, received on Wednesday at the Chamber's headquarters a trade delegation from Tanzania. The delegation included a number of companies operating in the construction, contracting, real estate, and infrastructure sectors, and was headed by Engineer Peter Sikalumba, Chief Engineer at the Ministry of Works inTanzania. During the meeting, discussions were held on enhancing trade and economic cooperation between Qatar and Tanzania in the construction sector. Qatari business owners were invited to take part in key projects in Tanzania. The meeting also explored the main sectors where the private sectors of both countries could collaborate. Al-Ahbabi praised the strong Qatari-Tanzanian relations, particularly in economic and investment fields. He pointed out the growing interest among Qatari businesspeople in exploring available opportunities in Tanzania and entering into joint ventures with Tanzanian companies to leverage the country's strategic assets. He also reaffirmed Qatar Chamber's full readiness to cooperate with Tanzanian companies interested in working with the Qatari private sector, and to coordinate with the relevant trade authorities in Tanzania to explore ways to boost bilateral trade. Al-Ahbabi noted that the Chamber has previously received several trade delegations from Tanzania representing various sectors and that ongoing communication exists with the Tanzanian private sector. The delegation presented several major infrastructure projects in Tanzania and invited Qatari companies to participate in these projects—either in partnership with the public sector or through forming alliances with Tanzanian firms. They also highlighted the incentives their country offers to attract foreign investments.
Qatar Tribune
4 days ago
- Business
- Qatar Tribune
Qatar's trade with Malaysia grows 80% to QR5.2 billion: QC
Tribune News Network Doha Trade relations between Qatar and Malaysia have witnessed remarkable growth, with bilateral trade increasing by 80 percent in 2024 to reach QR5.2 billion, up from QR2.9 billion in 2023, according to Rashid bin Hamad Al Athba, second vice chairman of Qatar Chamber. Al Athba made the announcement during the ASEAN-GCC-China Economic Forum held in the Malaysian capital on Wednesday. The event brought together senior government officials, business leaders, and investors from ASEAN, GCC countries, and China to explore economic cooperation and strategic investments across key sectors. Qatar Chamber participated in the forum with a delegation headed by Al Athba and included board members Eng Ali bin Abdul Latif Al Misnad and Nasser bin Suleiman Al Haidar. The forum featured high-level sessions on boosting investment between ASEAN, GCC, and China, the role of artificial intelligence in transforming industries, and accelerating growth in energy and logistics sectors across the ASEAN region. On the sidelines of the forum, Al Athba held bilateral meetings with regional leaders to strengthen economic ties. He met with Minister of Finance and Economy of Brunei Dato Amin Abdullah where both sides discussed opportunities for collaboration and the signing of new cooperation agreements with the Brunei Chamber of Commerce and Industry. Al Athba also met with Malaysia's Deputy Minister of Investment, Trade and Industry Liew Chin Tong. The two discussed ways to deepen trade and economic cooperation between Qatar and Malaysia, as well as enhancing mutual investments in diverse sectors. Speaking to the media, Al Athba emphasised the readiness of Qatar's private sector to expand cooperation with ASEAN countries. 'ASEAN is one of the world's fastest-growing economic regions, strategically located on global trade routes and home to a population of approximately 690 million. These attributes make it highly attractive to Gulf investors looking to scale their global footprint,' he said. He called on business leaders in ASEAN countries and China to explore Qatar's dynamic business environment, benefit from the investment incentives on offer, and form commercial alliances with Qatari companies. The forum reaffirmed Qatar Chamber's commitment to advancing economic collaboration between Qatar, ASEAN countries, and China, while also promoting Qatar as a leading hub for trade and investment in the region.
Qatar Tribune
4 days ago
- Business
- Qatar Tribune
Qatar, Argentina seek to boost trade beyond QR366 million
Tribune News Network Doha Mohammed bin Mahdi Al-Ahbabi, Member of the Board of Directors of Qatar Chamber, received Hernán Lombardi, Minister of Economic Development of the City of Buenos Aires, Argentina, and his accompanying delegation at the Chamber's headquarters on Wednesday. The meeting discussed bilateral cooperation between the two countries, particularly in the commercial and economic fields, and ways to enhance them. The two sides also reviewed the investment climate in both countries and the available investment opportunities that businesspeople from both sides can capitalize on to strengthen trade exchanges. Al-Ahbabi praised the distinguished relations between the State of Qatar and the Republic of Argentina, pointing out that the volume of trade exchange between the two countries reached about QAR 366 million in 2024. He noted that this figure does not reflect the true potential and mutual ambitions, emphasizing the need to work diligently to boost trade cooperation by encouraging the private sector to establish joint ventures in both Qatar and Argentina. Al-Ahbabi also highlighted the presence of nine Argentine companies registered with Qatar Chamber and operating in the Qatari market in partnership with Qatari firms. He affirmed that Qatar Chamber welcomes Argentine companies interested in investing in Qatar and noted that, conversely, many Qatari investors are keen to explore investment opportunities in Argentina. For his part,Hernán Lombardi commended the relations between Qatar and Argentina. He stated that his visit to Doha comes as part of his country's desire to strengthen trade and economic cooperation with the State of Qatar. He invited Qatari businesspeople and investors to explore the investment environment and opportunities available in Argentina, particularly in sectors such as agriculture, technology, and others.
Qatar Tribune
5 days ago
- Business
- Qatar Tribune
Qatar, Malaysia eye trade growth and investment options
Tribune News Network Doha Ahmad Zahid Hamidi, Deputy Prime Minister of Malaysia, received the Qatar Chamber delegation participating in the ASEAN-GCC-China Economic Forum in the Malaysian capital, Kuala Lumpur. The delegation was headed by Rashid bin Hamad Al-Athba, Second Vice-Chairman of Qatar Chamber, and included Eng. Ali bin Abdul Latif Al-Misnad and Nasser bin Suleiman Al-Haidar, members of the Chamber's Board of Directors. During the meeting, both sides discussed bilateral cooperation between Qatar and Malaysia, particularly in commercial and economic fields, and explored ways to strengthen these ties. The discussion also emphasized the role of the private sectors in both countries in enhancing trade exchange and raising it to higher levels, as well as the investment climate and available opportunities. The meeting also reaffirmed the importance of the joint Qatari-Malaysian Business Council and the need to activate it to fulfill its expected role in strengthening ties between business communities in both countries, facilitating mutual investments, and establishing business alliances that enhance trade cooperation. Furthermore, the idea of opening a Malaysian trade office in Doha was discussed, aiming to expand commercial relations and assist Malaysian companies seeking to enter the Qatari market or export to Qatar. The meeting also reviewed the key imports and exports between the two countries and stressed the importance of boosting trade volumes. Additionally, The Qatar Chamber delegation held a meeting with several members of the Board of Directors of the Malaysian Chamber of Commerce, during which they reviewed the cooperation between the two chambers and discussed ways to enhance it in a manner that contributes to the development of trade and economic relations between the two countries.'
