Qatar and Kuwait on Tuesday explored ways to enhance joint co-operation on the commercial and industrial levels as well as bolster bilateral trade.
These were discussed threadbare at a meeting of HE Ali bin Ahmed al-Kuwari, Minister of Commerce and Industry; with a Kuwaiti delegation, led by Abdulkarim Taqi Abdulkarim, general manager of Kuwait’s Public Authority for Industry.
The delegation comprised representatives from the Kuwaiti embassy in Qatar, the Kuwait Chamber of Commerce and Industry, Kuwait Industries Union and representatives of industrial companies.
The two nations’ close trade relations are positively reflected on the volume of bilateral trade, which approximated QR3.57bn during January-October 2018, ranking Kuwait as Qatar’s 20th trading partner.
Talks also focused on the latest developments in terms of bilateral trade, industrial and investment relations and efforts to further strengthen ties.
During the meeting, al-Kuwari outlined investment opportunities across all sectors, as well as the legislations adopted by the state and the initiatives launched to support the private sector, which will bolster foreign direct investments and attract more Kuwaiti companies to the Qatari market.
The meeting touched on mechanisms to support joint investments and encourage the private sector to establish innovative investment projects in key sectors, in line with the economic policies of both Qatar and Kuwait.
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