Bilateral trade between Qatar and Russia stood at QR566mn in 2022, Qatar Chamber board member engineer Ali Abdullatif al-Misnad said during the recently-held webinar.
Al-Misnad represented the chamber during a business conference of Russian and Qatari companies organised by the Qatari-Russian Business Council with the participation of many representatives of a number of Qatari and Russian companies.
Other participants included Tatiana Rushkevich, deputy general director of the Russian-Qatari Business Council; Vardanyan Suren, vice-president of the Moscow Chamber of Commerce and Industry, and representative of Qatar’s Embassy to the Russian Federation; as well as many government officials from Russia.
Al-Misnad said Qatar and the Russian Federation are associated with distinguished and close relations in all fields, especially in the economic and commercial aspects, noting that there are several agreements and MoU signed between them in the fields of economy, trade, and technology.
He said Russia welcomed Qatar as a guest country at the St Petersburg International Economic Forum (SPIEF 2021), in which a large Qatari delegation participated. He stressed that the forum was a leading platform for establishing new business ties and signing partnership agreements that led to the signing of more than 60 MoUs and agreements between Qatari and Russian entities in important sectors of business, investment, trade, sports, tourism, and education, among others.
Al-Misnad reiterated that bilateral trade exchange reached QR566mn in 2022, adding that there are many jointly-owned Qatari-Russian companies operating in Qatar in various economic and commercial sectors.
“There are many Qatari investments in Russia in many sectors, such as petrochemicals and banking. Qatar is currently one of the largest foreign investors in Russia’s economy from the GCC region,” he said.
Al-Misnad stressed that Qatari businessmen are eager to boost co-operation with their Russian counterparts and learn about the opportunities available for investment in Russia. He said Qatar also welcomes Russian investments in all sectors, which offers an advanced infrastructure, favourable legislation, and a pro-investment climate.
He also underscored Qatar Chamber’s interest to enhance co-operation relations between Qatari and Russian firms, noting that it encourages businessmen from both countries to enter into new partnerships and establish commercial alliances and investment projects that are beneficial to both economies.
Suren said the seminar gathered an elite group of Qatari and Russian businessmen to review co-operation ties, noting that there is a joint interest from both sides to enhance co-operation and establish partnerships.
He said there is co-operation between various sectors, such as retail, hospitality, and energy, and expressed hope to see more partnerships in the high-technology sector, which offers a host of investment opportunities.
Rushkevich stressed that the seminar aims to provide a platform for businessmen from both sides to explore co-operation horizons and investment opportunities available in both countries. During the meeting, a number of presentations from many Qatari and Russian companies were presented.
Qatar Chamber board member engineer Ali Abdullatif al-Misnad.
