Officials of Qatar Chamber and the Small and Medium Businesses Development Agency of the Republic of Azerbaijan (KOBIA) recently held a meeting in Doha.
The meeting between Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari and KOBIA chairman Orkhan Mammadov discussed ways to enhance economic and trade relations, explore investment opportunities, and discuss the activation of the joint business council between Qatar and Azerbaijan.
Al-Kuwari lauded both countries’ rapidly growing relations across various fields, underscoring a shared desire to further develop these relations for broader horizons. He emphasised the importance of activating the Qatar-Azerbaijan Joint Business Council as it would play a key role in enhancing the relations of the private sector.
He said the council will facilitate collaboration between companies from both sides, enabling them to explore business and investment opportunities available in each respective market.
Al-Kuwari underscored the interest among Qatari investors in identifying investment opportunities in Azerbaijan and strengthening co-operative relations with their Azerbaijani counterparts through joint ventures.
He said Qatar’s market is open to foreign investments and offers numerous investment opportunities, particularly in free zones, focusing on sectors, such as real estate, services, industry, technology, and innovation.
He also emphasised the importance of introducing new products to Qatar’s market that not only contribute to its growth but also have the potential to be exported to neighbouring countries.
Mammadov said the MoUs signed between the chamber and KOBIA for establishing the Joint Qatari-Azerbaijani Business Council aim to strengthen relations between the two countries.
He emphasised the importance of forming and activating the council to enhance trade co-operation, noting that members of the council have already been identified. He urged Qatar Chamber to nominate its members so that the council can commence its activities. The council’s first meeting is expected to be held after Ramadan.
Mammadov also invited the chamber and Qatari business owners to visit Azerbaijan to explore investment opportunities and engage with their Azerbaijani counterparts to discuss potential co-operation and partnerships across various sectors.
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