Qatar Chamber and Iran Chamber of Commerce, Industries, Mines & Agriculture (ICCIMA) signed Monday a memorandum of understanding (MoU) to establish the Qatar-Iran Joint Business Council.
The agreement was signed by Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani and ICCIMA president Gholam Hossein Shafei. Following the signing ceremony, the new council held its first meeting at the chamber’s Doha headquarters.
Speaking at the meeting, Sheikh Khalifa praised the formation of the joint business council, noting that it consists of a number of prominent businessmen from both sides from various economic sectors.
The new council aims to enhance co-operation relations between Qatari and Iranian businessmen and help them explore investment opportunities available in both countries.
Sheikh Khalifa stressed the positive role of the private sector in developing the two countries’ trade volume by boosting co-operation between Qatari and Iranian companies, especially in light of the available potential on both sides and geographical advantages.
Shafei stressed the Iranian side’s interest to bolster commercial co-operation with Qatar, noting that there is a great potential for cooperation between both parties.
He also pointed to the importance of enhancing co-operation between both countries’ chambers through the joint business council to encourage the establishment of mutual investments and promote trade volume.
The Qatar-Iran Business Meeting was also held yesterday in the attendance of Deputy Minister of Trade Industry and Mine and Head of Iran's Trade Promotion Organisation (TPO) Alireza Peyman Pak and other Qatari and Iranian businessmen and representatives of companies from both countries.
Addressing the meeting, Sheikh Khalifa said both countries’ bilateral trade grew by 34% from QR578mn in 2020 to QR777mn in 2021 despite the repercussions of the Covid-19 pandemic. He noted that there are many Iranian companies operating in Qatar with Qatari partners in numerous sectors, such as trade, services, maintenance, and energy.
Sheikh Khalifa said both sides are keen on developing economic and commercial relations and promoting the two countries’ trade exchange, adding that there are plenty of opportunities to boost co-operation between the Qatari and Iranian private sectors in a range of fields, such as agriculture, industry, trade, infrastructure, and food security, among others.
“The State of Qatar is a leading global destination for business and investment. It offers world-class infrastructure, stimulating economic legislation, and an attractive investment climate, in addition to the incentives offered for foreign investors according to the Investment of Non-Qatari Capital in Economic Activity, which offers foreign investors a set of facilities and incentives,” he said.
Sheikh Khalifa called on the Iranian business sector to invest in Qatar, stressing the strong desire of Qatari companies to strengthen cooperation with their Iranian counterparts and forge new commercial alliances and partnerships in all sectors.
For his part, Pak said there is a strong desire from the Iranian side to develop relations with Qatar in all commercial and industrial fields, noting that there is a common will from both sides to overcome all obstacles facing businessmen from both countries.
Speaking at the meeting, Sheikh Khalifa praised the formation of the joint business council, noting that it consists of a number of prominent businessmen from both sides from various economic sectors.
The new council aims to enhance co-operation relations between Qatari and Iranian businessmen and help them explore investment opportunities available in both countries.
Sheikh Khalifa stressed the positive role of the private sector in developing the two countries’ trade volume by boosting co-operation between Qatari and Iranian companies, especially in light of the available potential on both sides and geographical advantages.
Shafei stressed the Iranian side’s interest to bolster commercial co-operation with Qatar, noting that there is a great potential for cooperation between both parties.
He also pointed to the importance of enhancing co-operation between both countries’ chambers through the joint business council to encourage the establishment of mutual investments and promote trade volume.
The Qatar-Iran Business Meeting was also held yesterday in the attendance of Deputy Minister of Trade Industry and Mine and Head of Iran's Trade Promotion Organisation (TPO) Alireza Peyman Pak and other Qatari and Iranian businessmen and representatives of companies from both countries.
Addressing the meeting, Sheikh Khalifa said both countries’ bilateral trade grew by 34% from QR578mn in 2020 to QR777mn in 2021 despite the repercussions of the Covid-19 pandemic. He noted that there are many Iranian companies operating in Qatar with Qatari partners in numerous sectors, such as trade, services, maintenance, and energy.
Sheikh Khalifa said both sides are keen on developing economic and commercial relations and promoting the two countries’ trade exchange, adding that there are plenty of opportunities to boost co-operation between the Qatari and Iranian private sectors in a range of fields, such as agriculture, industry, trade, infrastructure, and food security, among others.
“The State of Qatar is a leading global destination for business and investment. It offers world-class infrastructure, stimulating economic legislation, and an attractive investment climate, in addition to the incentives offered for foreign investors according to the Investment of Non-Qatari Capital in Economic Activity, which offers foreign investors a set of facilities and incentives,” he said.
Sheikh Khalifa called on the Iranian business sector to invest in Qatar, stressing the strong desire of Qatari companies to strengthen cooperation with their Iranian counterparts and forge new commercial alliances and partnerships in all sectors.
For his part, Pak said there is a strong desire from the Iranian side to develop relations with Qatar in all commercial and industrial fields, noting that there is a common will from both sides to overcome all obstacles facing businessmen from both countries.