Al Sulaiti Law Firm and US-Qatar Business Council (USQBC) have signed a memorandum of understanding (MoU) to promote investments, raise legal awareness, and strengthen bilateral economic relations between the US and the State of Qatar.
Held under the patronage of Qatar Chamber, the signing ceremony took place at the Chamber headquarters in the presence of its chairman Sheikh Khalifa bin Jassim bin Mohamed al-Thani.
The MoU was signed by Mubarak bin Abdullah al-Sulaiti, chairman of Al Sulaiti Law Firm, and Sheikha Mayes bint Hamad bin Mohamed bin Jabr al-Thani, managing director of USQBC.
The major thrust of the MoU is to promote mutually-beneficial co-operation between Al Sulaiti Law Firm and USQBC in the areas of investment, legal awareness, and bilateral economic ties.
Al Sulaiti Law Firm and USQBC will work together to provide Qatar and US investors with expanded access to information about potential investments, create information exchanges focused on how to invest in the US and Qatar, and support USQBC’s effort to better market available opportunities.
The US and Qatar have extensive economic ties with over $185bn worth of business partnerships. There are over 120 US companies operating in Qatar and in return, Qatar has announced a plan to invest $45bn in the US.
“USQBC is keen to partnering with well-respected organisations and leading key players to facilitate trade and investment between the US and Qatar. This partnership will offer legal awareness workshops and legal-related insights to current USQBC members and prospects, in addition to US investors looking to establish a business in Qatar,” said Sheikha Mayes.
Al-Sulaiti added: “As part of Al Sulaiti Law Firm’s vision, we, as a firm, highly believe in supporting our community to protect their legal rights. Our purpose for signing with USQBC is to encourage investment in both the US and Qatar markets and to assist those investors with legal information and awareness.
“We will work together hand-in-hand with the USQBC and our US legal partners to make sure that members and investors have a complete and accurate understanding of the know-how on how to establish a business in either or both countries.”