Qatari businessmen stand to gain from the “great investment opportunities” being offered by Iraq, a top official of private sector leader Qatar Chamber has said.
In a meeting held in Doha Monday, Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani and Abdel Razzak el-Zouhairy, the president of the Federation of Iraqi Chambers of Commerce president and chairman of the Baghdad Chamber of Commerce, reviewed investment opportunities in the industrial and agricultural sectors and ways of establishing joint ventures between Qatari businessmen and their Iraqi counterparts.
Both sides expressed interest in further cooperative work in various sectors during the meeting, which was also attended by Qatar Chamber board members Mohamed bin Ahmed al-Obaidli and Abdulrahman al-Ansari.
Sheikh Khalifa highlighted the strength of bilateral ties, stressing the commitment to develop them further in the fields of business and commerce. He noted that Qatari and Iraqi businessmen are looking forward to explore opportunities, establish partnerships, and develop trade and economic interests.
There is a real desire to increase the volume of trade, said Sheikh Khalifa, who further noted that it was still not up to the aspirations of both sides. He added that the chamber is hoping that the coming period will witness the beginning of a new phase of joint cooperation between the business sectors of the two countries.
El-Zouhairy said the State of Qatar is a unique investment destination and that there is a desire from Iraqi businessmen and investors to get acquainted with the opportunities available in the country.
He said the previous period witnessed a close relationship between the business communities of both countries through mutual visits to trade delegations, paving the way for increased partnerships between the two sides, especially in the industrial and agricultural fields.
He added that the Iraqi market is an important gateway to nearby Arab and Gulf markets. He pointed out that there are many investment opportunities that Qatari businessmen could enter, especially in reconstruction projects, which would allow Qatari companies working in the field of building materials and contracting to establish major strategic projects that serve the two countries.