Private sector leader Qatar Chamber and the US Chamber of Commerce are keen to strengthen relations between Qatar and the US by fostering more joint co-operation in various fields, chairman Sheikh Khalifa bin Jassim al-Thani has said.
He made the statement on the sidelines of a working dinner hosted on Monday by the Ministry of Economy and Commerce to welcome US Chamber of Commerce president and CEO Tom J Donohue and his accompanying delegation.
Citing the US as one of Qatar’s “most important trading partners,” Sheikh Khalifa said Qatar-US trade exchange stood at “about $6bn” in 2017.
“US exports are important to Qatar in terms of vehicles, electrical machinery, and iron and steel products, while US imports from Qatar are mostly petroleum oils and fertilisers,” Sheikh Khalifa said.
He said the Qatar Investment Authority has allocated $45bn worth of investments in the US for 2015 to 2020, of which $10bn would be invested in the infrastructure sector. Qatari investments in the US are found in multiple sectors, including technology, media, entertainment, energy, and real estate, among others.
“Many Qatari investors and businessmen also have many private investments in the US,” Sheikh Khalifa pointed out.
The Qatar Chamber top official said he was pleased by the success of the ‘Qatar-US Economic Roadshow’ held in April, and added that preparations are underway for a second roadshow.
“I am confident that the next phase of the ‘Qatar-US Economic Roadshow’ will be successful in helping to enhance co-operation between the business sectors of both countries,” Sheikh Khalifa said.
According to Sheikh Khalifa, there are more than 650 US companies operating in the Qatari market, including 117 companies wholly owned by US citizens.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Paranoia written all over S&P 500 in struggle back to a record
Pricey gold doesn’t mean fancy food for miners meeting in Denver
US fund managers gird for long trade war after FedEx slide
China’s mighty trade engine is stalling as negotiators seek deal
‘China to work with Asia to secure world trade’
When is change a ‘crisis’? Why climate terms matter
CEOs are saving billions by going green on towels and jets
HSBC plans Chinese PR blitz to get back in Beijing’s good books
Pakistan’s trade deficit narrows 35.9% to $3.9bn