*Minister of Finance co-chairs the 19th session of the Qatari-Omani Joint Committee
Bilateral trade between Qatar and Oman has tripled in one year to more than QR1.8bn in the fourth quarter of 2017, said HE the Minister of Finance Ali Sherif al-Emadi.
In the fourth quarter of 2016, bilateral trade between the two countries stood at QR600mn, al-Emadi said at the 19th session of the Qatari-Omani Joint Committee at Sheraton Doha on Thursday.
However, he stressed the need for more efforts to increase trade between the two countries by "making maximum use of shipping lines" between Qatar and Oman.
Al-Emadi also reviewed the achievements made to strengthen economic co-operation in sectors such as agriculture, livestock, transportation, telecommunications, energy, tourism, education, construction and banking services with investments exceeding QR10bn.
He pointed to the development in investment co-operation in the private sector, in which there are a number of joint projects in the fields of agriculture and building materials industry with investments of nearly QR2bn.
HE Sheikh Ahmed and al-Balushi sign an agreement.
The 19th session of the Qatari-Omani Joint Committee discussed a number of issues related to enhancing economic co-operation between the two countries in various fields such as industry, agriculture, livestock, energy, communications, transport, tourism, banking and education.
Besides al-Emadi, the meeting was chaired by Darwish bin Ismail al-Balushi, Oman’s Minister of Finance.
The meeting was also attended by HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani.
Earlier, opening the meeting, al-Emadi touched upon the developments witnessed in the economic relationship between Qatar and Oman thanks to the directives of His Highness the Amir Sheikh Tamim bin Hamad al-Thani and Sultan Qaboos bin Said of Oman.
The Qatari-Omani Joint Committee discussed current projects and plans to expand them, as well as ways to overcome the obstacles facing some projects. It also examined a number of proposals for the establishment of new joint ventures.
However, he stressed the need for more efforts to increase trade between the two countries by "making maximum use of shipping lines" between Qatar and Oman.
Al-Emadi also reviewed the achievements made to strengthen economic co-operation in sectors such as agriculture, livestock, transportation, telecommunications, energy, tourism, education, construction and banking services with investments exceeding QR10bn.
He pointed to the development in investment co-operation in the private sector, in which there are a number of joint projects in the fields of agriculture and building materials industry with investments of nearly QR2bn.
HE Sheikh Ahmed and al-Balushi sign an agreement.
The 19th session of the Qatari-Omani Joint Committee discussed a number of issues related to enhancing economic co-operation between the two countries in various fields such as industry, agriculture, livestock, energy, communications, transport, tourism, banking and education.
Besides al-Emadi, the meeting was chaired by Darwish bin Ismail al-Balushi, Oman’s Minister of Finance.
The meeting was also attended by HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani.
Earlier, opening the meeting, al-Emadi touched upon the developments witnessed in the economic relationship between Qatar and Oman thanks to the directives of His Highness the Amir Sheikh Tamim bin Hamad al-Thani and Sultan Qaboos bin Said of Oman.
The Qatari-Omani Joint Committee discussed current projects and plans to expand them, as well as ways to overcome the obstacles facing some projects. It also examined a number of proposals for the establishment of new joint ventures.