Qatari & Danish firms to expand cooperation

26/09/2017 06:05 AST

Qatar Chamber (QC) yesterday hosted a meeting of leading Qatari businessmen with the members of the Danish business mission. Both sides exchanged ideas to expand and deepen bilateral cooperation.

Mohammed bin Ahmed bin Towar Al Kuwari, Vice-Chairman of QC, in his address, invited Qatari and Danish businessmen to establish partnerships to tap thriving business and investment opportunities in Qatar’s promising sectors, which will be a win-win situation for both countries’ economies.

“This is the right time to make advantage of the investment climate and incentives Qatar provides for foreign investors. There are opportunities in industry, education, aviation, health, sport, services and all other economic sectors,” said Al Kuwari.

He added: “Despite Qatar and Denmark enjoy distinctive relations but their trade exchange is still below expectations. It reached in 2016 only $70m. Both countries own huge potentials and resources which must be tapped.”

He noted that Qatar has attached great interest to the economic diversification and exerted tireless efforts to decrease the dependence on energy revenues as a single source of income. So, in line with the objectives of the Qatar National Vision 2030, Qatar has encouraged the private sector to expand its contribution in the national economy and to play greater role in the process.

“This has stimulated Qatar businessmen to intensify their business inside the state and to find investments abroad and at the same time it attracts foreign investors to open companies here in Qatar in cooperation with Qatari partners,” Al Kuwari said. At the end he anticipated that the meeting will help create new era of relations between Qatar and Denmark.

The Peninsula