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.

The Peninsula

Ticker Price Volume
QNBK 197.99 234,436
APPC 54.60 245,093
SAICO 11.40 155,201
SIECO 83.40 632,434
CATERING 86.10 62,823
ALMARAI 53.90 542,352
SABIC 121.40 2,027,236
MENA printing business to grow to $32bn in 2019


The Middle East and North Africa (MENA) region continues to present one of the world’s key growth regions for printing.

In 2019, the total value of the commercial print business in MENA is

Saudi Gazette

Raysut Industrial Estate holds meeting with investors


The Quality Improvement Committee at Raysut Industrial Estate held its first meeting chaired by Eng. Hamad Al Qasabi, Director General of the estate and the committee’s chairman.

The meetin

Times of Oman

UAE, Chechnya explore economic cooperation


The Zayed Fund for Innovation and Entrepreneurship, established by the Khalifa Fund for Enterprise Development, is contributing to the economic development of Chechnya with a number of projects.

Gulf News

Oman’s first wind turbine installed in Dhofar


Masdar, the Abu Dhabi Future Energy Company, announced yesterday the installation of the first of 13 turbines at the 50 megawatt (MW) Dhofar Wind Farm. Located in Dhofar Governorate, the project is f

Oman Daily Observer

UAE on fast track to attracting investment and world talent


The UAE has moved ahead of other regional and overseas destinations in positioning itself as a hub for investment and international talent, say experts at STA Law Firm.

The introduction of

The Gulf Today