Qatar-Oman trade ex­change posts 101% growth: Al-Kuwari

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Trade ex­change be­tween Qatar and Oman has reached QR4.1bn, reg­is­ter­ing a 101% growth, ac­cord­ing to HE the Min­is­ter of Com­merce and In­dus­try Ali bin Ahmed al-Kuwari, who lauded both coun­tries’ ro­bust ties in the in­vest­ment and trade sec­tors.

Al-Kuwari was speak­ing at the ‘Qatar-Oman Busi­ness Fo­rum’, which kicked-off yes­ter­day on the side­lines of the ‘Made in Qatar’ ex­hi­bi­tion be­ing held at the Oman Con­fer­ence & Ex­hi­bi­tion Cen­tre un­til De­cem­ber 6.

Ad­dress­ing the fo­rum, al-Kuwari said Qatar-Oman re­la­tions “have sig­nif­i­cantly de­vel­oped thanks to the di­rec­tives of His High­ness the Amir Sheikh Tamim bin Ha­mad al-Thani and Sul­tan Qa­boos bin Said.

The min­is­ter said brotherly be­tween Qatar and Oman “are re­flected in all co-op­er­a­tion fields,” es­pe­cially in trade and in­vest­ments. He noted that the fo­rum sig­ni­fies the “joint de­sire” for both coun­tries to fur­ther de­velop re­la­tions to higher lev­els.

Al-Kuwari said mu­tual in­vest­ments with Oman, which ranks as Qatar’s 18th trade part­ner, have seen “re­mark­able growth in all fields,” in­clud­ing agri­cul­ture, live­stock, trans­porta­tion, com­mu­ni­ca­tion, en­ergy, tourism, and ed­u­ca­tion.

The min­is­ter said the stag­ing of the ‘Made in Qatar’ ex­hi­bi­tion in Oman oc­curs along­side “many geopo­lit­i­cal fluc­tu­a­tions in the re­gion,” in­clud­ing the eco­nomic block­ade im­posed on Qatar, which, al-Kuwari stressed, “had no im­pact” on Qatar’s plans to set up strong, ex­port-ca­pa­ble lo­cal in­dus­tries.

Qatar Cham­ber first vice chair­man Mo­hamed bin Towar al-Kuwari said the ‘Made in Qatar’ expo also aims to deepen re­la­tions be­tween both coun­tries’ busi­ness sec­tors, in­crease trade ex­change, ex­plore in­vest­ment op­por­tu­ni­ties, and es­tab­lish trade al­liances and joint projects.

Al-Kuwari called on Qatari and Omani busi­ness own­ers to build more part­ner­ships and joint ven­tures. He stressed the Qatar Cham­ber’s role in en­cour­ag­ing busi­ness­men to take the ad­van­tage of the in­cen­tives and fa­cil­i­ties be­ing of­fered by Oman, in­clud­ing in­dus­trial zones in Salala and Al Duqm ports, and in­vest­ments in the tourism and ser­vices sec­tors.

Dr Salem bin Su­layem al-Ju­naibi, deputy chair­man of the Oman Cham­ber of Com­merce and In­dus­try for Eco­nomic Af­fairs and Branches, said Qatar-Oman re­la­tions “are firm, de­vel­oped, and re­flect clearly the as­pi­ra­tions and di­rec­tives both lead­er­ships.”

Al-Ju­naibi said Qatari in­vest­ments in Oman “are promis­ing and pro­gress­ing,” es­pe­cially with the ef­forts be­ing ex­erted on both sides. He stressed the Oman Cham­ber’s sup­port for any in­vest­ment ini­tia­tives that serve mu­tual eco­nomic in­ter­ests. He also called on busi­ness­men to take ad­van­tage of in­cen­tives and fa­cil­i­ties avail­able in Oman in line with Oman Vi­sion 2040.

On the side­lines of the busi­ness fo­rum, sev­eral pre­sen­ta­tions from Qatar De­vel­op­ment Bank, Manateq, Co­or­di­nat­ing Com­mit­tee for the Sin­gle Win­dow Sys­tem Man­age­ment, Al Duqm Port, Oman De­vel­op­ment Bank, and Pub­lic Es­tab­lish­ment for In­dus­trial Es­tates–Ma­dayn were held dur­ing a ses­sion ti­tled ‘In­dus­try... Strate­gic Choice’.

At the same time, Al Meera Con­sumer Goods Com­pany signed an agree­ment with Da­wood Con­tract­ing Com­pany for the set­ting up of an Al Meera sub­sidiary in Oman.

Qatar is show­cas­ing five of its top in­dus­tries at the four-day ‘Made in Qatar 2018’ ex­hi­bi­tion, which kicked-off yes­ter­day at the Oman Con­fer­ence and Ex­hi­bi­tion Cen­tre in Mus­cat.

The expo, which will run un­til De­cem­ber 6, is show­cas­ing the prod­ucts and ser­vices of 240 man­u­fac­tur­ing com­pa­nies from var­i­ous sec­tors, in­clud­ing food and bev­er­ages, fur­ni­ture, petro­chem­i­cals, small and medium-sized en­ter­prises (SMEs), and home-made busi­nesses.

The event, which is held out­side of Qatar for the sec­ond time, was of­fi­cially opened by HE the Min­is­ter of Com­merce and In­dus­try Ali bin Ahmed al-Kuwari and Oman’s Gen­eral Author­ity for In­vest­ment Pro­mo­tion and Ex­port De­vel­op­ment pres­i­dent Yahia bin Saeed al-Jabri. Qatar Cham­ber first vice-chair­man Mo­hamed bin Towar al-Kuwari, sec­ond vice-chair­man Rashid al-Athba, board mem­ber and pres­i­dent of the Or­gan­is­ing Com­mit­tee Rashid bin Nasser al-Kaabi, and Qatar’s am­bas­sador to Oman Ali bin Fa­had Falah al-Ha­jri also at­tended the event, as well as a num­ber of of­fi­cials of the Oman Cham­ber of Com­merce and In­dus­try led by its chair­man, Qais bin Mo­hammed al-Yousuf.

Al-Kuwari said the ex­hi­bi­tion “em­bod­ies the keen­ness of the two coun­tries” on strength­en­ing bi­lat­eral co-op­er­a­tion and es­tab­lish­ing in­vest­ment and trade projects that would serve the eco­nomic de­vel­op­ment of both sides.

He lauded the in­ter­est of Qatari com­pa­nies in par­tic­i­pat­ing in the ex­hi­bi­tion, which un­der­lines the im­por­tance of ‘Made in Qatar’ in sup­port­ing na­tional in­dus­tries and pro­mot­ing na­tional prod­uct in the do­mes­tic and for­eign mar­kets.

The min­is­ter also de­scribed Qatar-Oman re­la­tions as “ex­cel­lent,” point­ing to the coun­tries’ am­bi­tion to de­velop it at the com­mer­cial and in­dus­trial lev­els to achieve eco­nomic in­te­gra­tion, “es­pe­cially in light of the growth in trade be­tween the two coun­tries, which reached QR4.1bn in 2017.”

Al-Kuwari said the prod­ucts of­fered at the expo are from im­por­tant in­dus­tries for do­mes­tic con­sump­tion and ex­ports. He said Qatar’s new in­vest­ment law, which al­lows 100% own­er­ship for non-Qataris, will ben­e­fit Omani com­pa­nies want­ing to en­ter the Qatari mar­ket. Qatar Cham­ber first vice chair­man Mo­hamed bin Towar al-Kuwari said ‘Made in Qatar’ and the ‘Qatar-Oman Busi­ness Fo­rum’ present “a golden op­por­tu­nity” for Omani and Qatari busi­ness­men to meet to dis­cuss in­vest­ment op­por­tu­ni­ties be­tween the two sides.

The Qatar Cham­ber of­fi­cial said the two sides agreed to hold sev­eral fo­rums in the com­ing pe­riod “to achieve greater har­mony and con­ver­gence” be­tween the Omani and Qatari busi­ness com­mu­ni­ties. Qatar Cham­ber said it is keen on or­gan­is­ing ‘Made in Qatar’ on a reg­u­lar ba­sis, aligned with the Qatar Na­tional Vi­sion 2030 and in­spired by the in­sight­ful vi­sion of the coun­try’s lead­er­ship, “which has given great im­por­tance to the in­dus­try.”

HE the Min­is­ter of Com­merce and In­dus­try Ali bin Ahmed al-Kuwari; Qatar Cham­ber first vice chair­man Mo­hamed bin Towar al-Kuwari; Oman Cham­ber of Com­merce and In­dus­try chair­man Qais bin Mo­hammed al-Yousuf; Oman’s Gen­eral Author­ity for In­vest­ment Pro­mo­tion and Ex­port De­vel­op­ment pres­i­dent Yahia bin Saeed al-Jabri, and other dig­ni­taries dur­ing the fo­rum.

HE the Min­is­ter of Com­merce and In­dus­try Ali bin Ahmed al-Kuwari and Oman’s Gen­eral Author­ity for In­vest­ment Pro­mo­tion and Ex­port De­vel­op­ment pres­i­dent Yahia bin Saeed al-Jabri of­fi­cially open­ing the ‘Made in Qatar’ expo in the pres­ence of other dig­ni­taries dur­ing a cer­e­mony held yes­ter­day at the Oman Con­fer­ence and Ex­hi­bi­tion Cen­tre in Mus­cat.

Qatar Cham­ber first vice chair­man Mo­hamed bin Towar al-Kuwari speak­ing at the fo­rum’s open­ing cer­e­mony.

HE the Min­is­ter of Com­merce and In­dus­try Ali bin Ahmed al-Kuwari de­liv­er­ing a speech at the ‘Qatar-Oman Busi­ness Fo­rum’, which kicked-off yes­ter­day on the side­lines of the ‘Made in Qatar’ ex­hi­bi­tion be­ing held at the Oman Con­fer­ence & Ex­hi­bi­tion Cen­tre.

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