10/12/2018 06:00 AST

The Qatar Chamber (QC) has discussed prospects of promoting cooperation in different investment fields, with a visiting Indonesian trade delegation headed by Head of Investment Division at the Indonesian Ministry of Tourism.

During the meeting, which was held at the Qatar Chamber premises today, the two sides discussed a number of issues related to opportunities for building bilateral partnerships between Qatari businessmen and representatives of 28 Indonesian companies specialized in agriculture, transportation, mining, education, foodstuffs, furniture, real estate, building materials, technical information and others, QNA reported

Addressing the event, QC First Vice President Mohammed bin Ahmed bin Towar said Qatar and Indonesia are linked by good relations in all fields of cooperation. Indonesia is one of Qatar’s most important countries in South-East Asia. The currently trade volume stands at $ 342mn last year.

He added that the two sides seek to promote their economic and trade relations to a wider perspective, in the light of the several cooperation agreements and memoranda of understanding signed by the two countries to support bilateral relations, including a memorandum of understanding between the Qatar Chamber and the Indonesian Chamber of Commerce and Industry, aimed at enhancing cooperation between the private sector in both countries and exchanging information and visits between businessmen.

Mohammed bin Ahmed bin Towar pointed to many mutual investments between the two sides, including Qatari investments in Indonesia; in the telecommunications and banking sector, noting that there are nine Qatari-Indonesian companies operating in the Qatari market and two companies with 100 percent Indonesian capital operating in the construction, engineering and technology sectors in Doha.

He stressed that Qatar is an ideal investment destination thanks to the legislative amendments and incentives offered by the government to attract more investments, calling on Indonesian companies to cooperate with the Qatari counterpart and establish effective trade alliances and partnerships. He expressed the readiness of Qatar Chamber to support all the requirements of such cooperation.

QC First Vice Chairman stressed that Qatar was able to overcome the effects of the siege, imposed on it, thanks to the vision of the wise leadership, and the government actions that contributed to strengthening the investment climate. He explained that the siege has encouraged Qatari businessmen to invest more in all sectors, especially agriculture and industry, and to open channels of cooperation with all friendly countries, including Indonesia.


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