Qatar Chamber has participated in a virtual meeting of the Arab-British Chamber of Commerce board of directors.
During the meeting, Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani lauded the key role played by the Arab-British Chamber of Commerce in the promotion of trade and investment relations between the UK and the Arab world.
Sheikh Khalifa also noted the “distinguished relations” between Qatar and the UK, mainly in both country’s economic and commercial ties. Sheikh Khalifa said Qatari investments in the UK, which amounted to nearly £35bn, “play a significant role in the British economy.”
Trade between Qatar and the UK stood around QR12.94bn last year, a 22% increase over QR10.63bn in 2018, said Sheikh Khalifa, who added that trade exchange stood at QR9.1bn at the end of the third quarter of 2020.
According to Sheikh Khalifa, there are “hundreds of British-Qatari companies” that are operating in Qatar, and that there are 40 companies with 100% British capital.
Sheikh Khalifa stressed that the Arab-British Chamber of Commerce, which was established in 1975, “plays an important role in promoting trade cooperation relations between the Arab states and the UK.”
“There are many investment and commercial opportunities available for both sides, which the Arab-British Chamber is working to develop through the continuous development of the commercial services that play a fundamental role in building trade relations, enhancing the possibilities of Arab-British co-operation, and making the most of the attractive commercial and investment opportunities,” Sheikh Khalifa said.