Qatar, Norway industrial trade price QR195m in 2021

Qatar Chamber First-Vice Chairman Mohamed bin Towar Al Kuwari and Epsen Teksum, Director – Innovation Norway within the Center East with different officers throughout Qatar-Norway Enterprise Assembly, on the Chamber’s headquarters, yesterday.

Doha: Qatar and Norway get pleasure from sturdy bonds in financial fields and investments in numerous financial sectors. In upcoming years extra developments are to be witnessed between the 2 international locations as Qatar has a beautiful infrastructure and funding foundation mixed with the superior Norwegian know-how and lengthy industrial experience, mentioned a senior official throughout a gathering yesterday. 

The Qatar-Norway Enterprise Assembly mentioned technique of enhancing industrial and industrial cooperation and funding alternatives accessible within the two international locations. The assembly additionally highlighted the enterprise cooperation current between businessmen from each international locations, and the means to ascertain associations to boost industrial and funding trade.

Addressing the occasion, Qatar Chamber First-Vice Chairman Mohamed bin Towar Al Kuwari mentioned enhancing Qatar-Norwegian financial relationships and figuring out funding alternatives in each international locations.

Al Kuwari pointed the sturdy bonds linking each international locations, particularly in financial fields, along with investments in numerous financial sectors. “Whereas each events get pleasure from a promising enterprise atmosphere for additional financial cooperation, nevertheless, the present industrial trade continues to be under expectations, recording round QR195m throughout 2021. Due to this fact, extra mutual efforts are mandatory within the non-public sector to encourage additional industrial trade,” he mentioned. 

In his speech, Al Kuwari acknowledged that he was sure that extra developments are to be witnessed within the upcoming years, given the engaging Qatari infrastructure, legislations, and funding foundation, mixed with the superior Norwegian know-how and lengthy industrial experience. 

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He invited Norwegian firms to extend their investments in Qatar to ascertain environment friendly partnerships and associations with Qatari firms in all sectors together with trade, agriculture, tourism, meals safety, petrochemicals, engineering tools, and infrastructure.

He additionally inspired Qatari businessmen to establish enterprise alternatives in Norway and referred to Qatar Chamber’s curiosity in enhancing Qatar-Norwegian partnerships and inspiring Norwegian businessmen to spend money on Qatar. 

Epsen Teksum, Director – Innovation Norway within the Center East and Head of Norway’s delegation represented the Norwegian facet. 

He recalled the 60-years lengthy Qatari-Norwegian industrial relations together with investments in oil and gasoline and defence sectors amongst others, and invited Qatari businessmen and corporations to associate with Norwegian counterparts in vitality, marine industries, and meals safety sectors.

Teksum mentioned Innovation Norway is curious about supporting Norwegian enterprise innovation, competitiveness and sustainability regionally and overseas.

The Assembly was attended by Abdulrahman Alansari, Qatar Chamber’s Board Member, and businessmen and corporations’ chairmen from each international locations. In a presentation, Funding Promotion Company of Qatar (IPA Qatar) introduced enterprise atmosphere in Qatar and services granted to traders. The assembly additionally confirmed displays by Norwegian firms represented by the delegation, providers offered and key funding alternatives accessible.