Qatar Chamber explores commercial ties with British Parliament Delegation

By Shilpa Annie Joseph, Official Reporter
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Qatar Chamber Chairman HE Sheikh Khalifa bin Jassim Al Thani has discussed ways to enhance and develop bilateral relations in the commercial and economic fields with the delegation from the British Parliament headed by Mr. Angus Brendan MacNeil, Member of Parliament and Chair of the UK International Trade Commission.

During the meeting, they discussed investment opportunities available for both sides, as well as the British interest in deepening economic relations with Qatar particularly and the GCC states in general after its exit from the European Union.

Addressing the meeting, HE Sheikh Khalifa praised the close relations between Qatar and the UK, noting that the country has investments in a variety of industries including infrastructure, real estate, and sports. Further, the Chairman paid tribute to the two countries’ trade exchange, stressing that the UK is an important trade partner to Qatar.

Mr. MacNeil lauded the two countries’ unique relationships, expressing his country’s desire to strengthen collaboration in all fields, promote economic exchange, and encourage more Qatari investments in all industries.

Further, he pointed out that the delegation’s visit to Qatar aims to explore new aspects of cooperation between both parties and study mechanisms that facilitate mutual investments between them.

According to the reports, the Qatari investments in the UK amounted to $52 billion (£40 billion), while the two countries’ trade volume exceeded $4.5 billion (QR 16.6 billion) last year despite the implication of the COVID-19 pandemic.

Recently, Qatar Chamber held a meeting with the Small and Medium Business (SMB) Development Agency of the Republic of Azerbaijan in order to review the opportunities for establishing a joint business council.

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