UAE-Qatar joint investment to rise

05/05/2016 05:12 AST

Mohammed Thani Murshid Al Rumaithi, Chairman of the Federation of the UAE Chambers of Commerce and Industry and Chairman of Abu Dhabi Chamber of Commerce and Industry has said the bilateral trade between Qatar and the UAE will increase further in coming years due to the positive steps taken by both governments.

Speaking on the occasion of 2nd UAE-Qatar Business Forum 2016, which was held in Doha, Qatar, he said that fraternal and historic ties between the UAE and Qatar are growing stronger due to the common denominators that organise the distinguished bilateral relations, thanks to the wise leadership of President His Highness Sheikh Khalifa Bin Zayed Al Nahyan and His Highness Sheikh Tamim Bin Hamad Al Thani, Emir of the State of Qatar, which made ties a lively role model in co-operation and in the economic integration field as part of the umbrella of the Cooperation Council for the Arab States of the Gulf.

The trade exchange between the UAE and Qatar has amounted to QR26bn or $7bn in 2015. The participants at the forum discussed ways to enhance the partnership between the companies, the private sector, entrepreneurs and investors, as well as the volume of joint trade and investment exchanges between the two countries.

During the event, the parties established a joint team to study joint investment opportunities in food security field.

Al Rumaithi hailed the results of the visit of Sheikh Ahmed bin Jassim Al Thani, Qatar’s Minister of Economy and Commerce, to Abu Dhabi last February, especially regarding the keenness of the two countries to increase the trade exchanges and the success of mutual investments.

The Gulf Today