17/07/2017 07:57 AST

Qatar Chamber recently held discussions with the visiting business and investment delegation from Oman representing the Zubair Corporation.

The meeting was attended by Qatar Chamber Vice Chairman Mohammed bin Ahmed bin Towar Al Kuwari and the board member, Mohamed bin Ahmed Al Obaidli. The Omani delegation included the CEO of the group, CS Badrinath and chief of corporate communication, Mohamed bin Mubarak Al Hassan.

Addressing the attendees, Al Kuwari stressed that the Qatar Chamber supported the joined cooperation to enhance trade and economic ties between both parties. He assured the chamber’s readiness to provide the delegation with all information and data about the Qatari market. He also urged Qatari businessmen to study the available business opportunities. Praising the strong relation between the countries, Al Kuwari said that Qatari investments in Oman amounted to QR 727m in 2015 and some 148 Qatari companies are operating in Oman. Their trade volume reached last year QR3bn.

Qatar Chamber organised a business trip comprising of some 140 members, last month in order to explore Oman’s investment opportunities and products particularly in foodstuffs and building materials. Al Kuwari said the visit was of great success.

It opened the room for Omani companies to increase their activities in Qatar. Oman’s companies have considerable expertise in food security, petrochemicals and industry, he added.

“Qatar and Oman chambers have signed cooperation agreement which helped pave the way for enhancing partnerships between both countries’ private sector,” he pointed out. “We daily receive businessmen and companies representatives from Oman at QC. The visit contributed to bridging the cooperation ties between both countries’ businessmen,” Al Kuwari said.

Zubair Corporation’s CEO said the group was established in 1967 in Oman and entered Qatari market 45 years ago. The group is specialized in contracting, electricity stations, real estate, furnishing and tourism.

“We have three projects based on partnerships between Qatari and Omani businessmen which are expected to be launched soon. The first project is water production and distribution under the brand “Oasis Qatar”. Production will be within two months. The second project is a factory of electrical transformers, whereas the third is a factory of petrochemicals,” he said.

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