Trade exchange between Qatar and Oman has reached QR4.1bn, registering a 101% growth, according to HE the Minister of Commerce and Industry Ali bin Ahmed al-Kuwari, who lauded both countries’ robust ties in the investment and trade sectors.
Al-Kuwari was speaking at the ‘Qatar-Oman Business Forum’, which kicked-off Monday on the sidelines of the ‘Made in Qatar’ exhibition being held at the Oman Conference & Exhibition Centre until December 6.
Addressing the forum, al-Kuwari said Qatar-Oman relations “have significantly developed thanks to the directives of His Highness the Amir Sheikh Tamim bin Hamad al-Thani and Sultan Qaboos bin Said.
Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari speaking at the forum's opening ceremony
The signing of joint agreements between Qatari and Omani companies were held on the sidelines of the forum
The minister said brotherly between Qatar and Oman “are reflected in all co-operation fields,” especially in trade and investments. He noted that the forum signifies the “joint desire” for both countries to further develop relations to higher levels.
Al-Kuwari said mutual investments with Oman, which ranks as Qatar’s 18th trade partner, have seen “remarkable growth in all fields,” including agriculture, livestock, transportation, communication, energy, tourism, and education.
The minister said the staging of the ‘Made in Qatar’ exhibition in Oman occurs alongside “many geopolitical fluctuations in the region,” including the economic blockade imposed on Qatar, which, al-Kuwari stressed, “had no impact” on Qatar’s plans to set up strong, export-capable local industries.
Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari said the ‘Made in Qatar’ expo also aims to deepen relations between both countries’ business sectors, increase trade exchange, explore investment opportunities, and establish trade alliances and joint projects.
Al-Kuwari called on Qatari and Omani business owners to build more partnerships and joint ventures. He stressed the Qatar Chamber’s role in encouraging businessmen to take the advantage of the incentives and facilities being offered by Oman, including industrial zones in Salala and Al Duqm ports, and investments in the tourism and services sectors.
Dr Salem bin Sulayem al-Junaibi, deputy chairman of the Oman Chamber of Commerce and Industry for Economic Affairs and Branches, said Qatar-Oman relations “are firm, developed, and reflect clearly the aspirations and directives both leaderships.”
Al-Junaibi said Qatari investments in Oman “are promising and progressing,” especially with the efforts being exerted on both sides. He stressed the Oman Chamber’s support for any investment initiatives that serve mutual economic interests. He also called on businessmen to take advantage of incentives and facilities available in Oman in line with Oman Vision 2040.
On the sidelines of the business forum, several presentations from Qatar Development Bank, Manateq, Co-ordinating Committee for the Single Window System Management, Al Duqm Port, Oman Development Bank, and Public Establishment for Industrial Estates–Madayn were held during a session titled ‘Industry...Strategic Choice’.
At the same time, Al Meera Consumer Goods Company signed an agreement with Dawood Contracting Company for the setting up of an Al Meera subsidiary in Oman.