Qatar-Kuwait relations historical, deeply rooted at all levels: Qatar Chamber chairman

Chairman of Qatar Chamber Sheikh Khalifa bin Jassim bin Mohamed al-Thani praised the fraternal, deep-rooted relations between Qatar and Kuwait, stressing the significance of Amir of the sisterly State of Kuwait Sheikh Mishal al-Ahmad al-Jaber al-Sabah's visit to the State of Qatar in bolstering the joint co-operation at all levels.Speaking to Qatar News Agency, he underlined that the relations between Qatar and Kuwait are historical and firm at all levels, and there is a great interest by the wise leaderships of both countries in elevating them to broader horizons.He underlined that the visit of the Amir of Kuwait to Qatar would enhance the bilateral relations and open new horizons for co-operation between the two countries, particularly in the trade and economic fields, which will reflect positively on trade and investment exchange, and the co-operation and partnership between business sectors.He noted that trade relations between the State of Qatar and the State of Kuwait have seen remarkable development in recent years. The volume of trade exchange between the two countries grew by 88% in the last three years, reaching QR7.79bn in 2023, compared to QR4.12bn in 2020.He explained that the shipping line between Hamad Port and Kuwait's Shuwaikh Port provides an ideal service in transporting goods, especially food and other materials, to and from the State of Qatar on a regular basis, contributing significantly to increasing the volume of trade exchange between the two countries.On mutual investments, chairman of Qatar Chamber said that there are many Qatari companies operating in various economic sectors in the State of Kuwait. Similarly, there are many Kuwaiti companies operating in the Qatari market. In this context, he pointed to the great impact achieved by holding the 2020 edition of the "Made in Qatar" exhibition in Kuwait with the participation of more than 220 Qatari industrial companies. The event contributed to bringing Qatari and Kuwaiti businessmen closer together, establishing alliances and understandings between Qatari and Kuwaiti companies, and increasing the volume of intra-trade between the two countries.He highlighted the significant role of the Qatar-Kuwait Joint Supreme Committee in promoting the joint co-operation and sealing many agreements, memoranda of understanding and joint programmes in many fields, which contributed greatly to enhancing trade exchange and increasing the pace of economic co-operation between the two brotherly countries in an unprecedented manner.Chairman of Qatar Chamber also pointed to the important role of the Qatari and Kuwaiti private sectors in promoting the relations by establishing partnerships, trade alliances and investment projects; calling on Qatari and Kuwaiti companies to benefit from the investment advantages and facilities granted to foreign investments in both countries, and to exploit the opportunities available to enter into joint economic alliances.