Qatar Chamber has signed a Memorandum of Understanding (MoU) with the Portuguese Industrial Association – Chamber of Commerce and Industry (AIP–CCI), aimed at strengthening cooperation between the two organisations.
The signing ceremony, virtually via video conference, was led by Qatar Chamber acting general manager Ali Bu Sherbak al-Mansouri and Portuguese Industrial Association director Filomena Pina Perez.
The MoU aims to promote business development, encourage investment in Qatar and Portugal, and support the establishment of company branches in both countries. It also seeks to foster joint efforts to capitalise on emerging international business opportunities in the current global economic environment.
It places particular emphasis on market research, consultancy services, knowledge and expertise exchange, the promotion of trade delegations, and enhanced cooperation between Qatari and Portuguese companies.
Al-Mansouri stated that the MoU represents an important step toward strengthening cooperation between the two organisations and further enhancing the economic and trade relations between Qatar and Portugal.
He highlighted the strong and longstanding ties between Qatar and Portugal, noting that there are promising opportunities to expand cooperation between the private sectors of both countries.
He noted that the agreement provides an effective framework for strengthening communication between Qatari and Portuguese businesses, facilitating the exchange of information, organising business meetings and trade missions, and exploring available investment opportunities.
Al-Mansouri expressed his hope that this cooperation would contribute to increasing bilateral trade, encouraging mutual investments, and supporting the establishment of new joint ventures and partnerships in sectors of common interest.
Perez said the signing of the MoU would help strengthen cooperation between the business communities of both countries, encourage the exchange of trade delegations, and stimulate reciprocal investment.
She also expressed her hope that the coming period would witness visits by Qatari business delegations to Portugal to explore investment opportunities, particularly in the industrial sector, while noting the Portuguese side's strong interest in learning more about the investment opportunities available in Qatar.
