Qatar Chamber strengthens commercial relations with Australia

By Arya M Nair, Official Reporter
  • Follow author on
QC discusses cooperation with Australia
Rep.Image | Courtesy: QNA

Qatar Chamber (QC) has discussed developing commercial relations with Australia, establishing partnerships in vital sectors.

The Chamber also explored possibility of signing a memorandum of understanding (MoU) between both chambers to cement cooperation, exchange information and visits, and coordinate bilateral meetings.

This came in Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari’s meeting with Deputy President of the Australian Chamber of Commerce and Industry (ACCI) Lyall Gorman. The meeting focused on enhancing cooperation between both sides for the advantage of the private sector, and the investment climate and opportunities in both countries.

Mohamed bin Twar said that the Qatari private sector is interested in learning about investment opportunities available in Australia and forging partnerships there, noting that it is timely for expanding mutual investments between the private sector in both countries and developing their trade volume. Australian investors are welcome to invest in Qatar which owns an attractive investment environment, a world-class infrastructure, and leading legislation, bin Twar highlighted.

Bin Twar also underscored the Chamber’s preparedness to assist Australian investors willing to enter the Qatari market.

Lyall Gorman said that the visit aimed to coordinate with the Qatar Chamber to enhance cooperation between the two chambers, thereby serving the business communities in both countries and increasing the volume of trade between Qatar and Australia. Gorman highlighted the success of joint investments between the two countries and identified several areas where cooperation could be expanded, such as food security, contracting, education, and agricultural technology.

Gorman also emphasized that Australian businessmen are eager to explore investment opportunities in Qatar. ACCI further stressed the importance of strengthening cooperation between the Qatar Chamber and the Australian Arab Chamber, suggesting the organization of seminars and meetings for businessmen from both countries to promote investment opportunities and explore potential joint ventures.

Top Picks | EGA signs supply agreement with The Alumina Industrial Company