Qatar Chamber participates in ACD virtual conference
January 20 2021 08:10 PM
Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari.
Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari.

Qatar Chamber participated in the inaugural 'Virtual Conference of the Chamber of Commerce & Industry of the Asian Cooperation Dialogue Member Countries (ACD)' held on Wednesday.

The event, which was held on the sidelines of the ACD’s 17th ministerial meeting, attracted a large group of representatives of unions and chambers of commerce and industry of Asian countries.

In his speech, Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari said the State of Qatar is keen on developing and promoting its economic and commercial relations “with all friendly Asian countries.” He noted that trade relations with Asian countries have been growing and expanding steadily over the past few years.

He said the Asian continent embraces many successful Qatari investments, and that there are many investments that are being prepared “in the near future.”

Al-Kuwari noted that Qatar continued trading with its partners despite the significant challenges arising from the outbreak of Covid-19, which has disrupted supply chains and normal business operations around the world.

"Since the outbreak of Covid-19, Qatar was keen on maintaining its trade relations with friendly countries and strengthening international cooperation frameworks to ensure the continuity of trade as the engine for economic recovery," he stressed.

Praising Qatar’s swift response in implementing containment measures, he assured that these steps helped limit the economic and social impact of the pandemic, adding that the allocation of a QR75bn stimulus package provided considerable support for the national economy and helped the private sector overcome the negative impacts of the crisis.

Al-Kuwari invited participants of the conference to establish businesses and partnerships in Qatar and benefit from the stability of the Qatari economy and incentives offered to foreign investors.

“This affirms that there are plenty of opportunities in Qatar thanks to its highly-developed infrastructure, incentives of free zones, and legislation and laws that protect investments,” he said.

He added: “Investors will have the opportunity to finance, develop, and operate projects in many sectors, including food security, sports, tourism, health, education, and logistics.

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