The Qatar Chamber (QC) has hosted a high-level business delegation from the United Arab Emirates (UAE), headed by Vice President of the Federation of UAE Chambers and President of the Sharjah Chamber of Commerce and Industry, Abdullah bin Sultan Al Owais.
The delegation comprised more than 50 businessmen and businesswomen. During the meeting, both sides discussed trade and economic cooperation relations between both countries and ways to enhance and develop them, as well as the role of the private sector in strengthening these relations and contributing further to increasing trade and investment exchange.
Discussions also touched on promoting mutual investments in the fields of food security, renewable energy, artificial intelligence, and logistics services.
In his remarks, Chairman of the Qatar Chamber, HE Sheikh Khalifa bin Jassim bin Mohammed Al-Thani said that trade and economic relations between Qatar and the UAE represent a model of strong Gulf cooperation, supported by the clear vision and will of the leaders of both brotherly countries. He noted that bilateral trade between the two nations witnessed a 50 percent growth last year, reaching $7.67 billion (QAR 28 billion) compared to $4.93 billion (QAR 18 billion) in the previous year.
He added that both countries serve as platforms for major initiatives and hubs for attracting international investments and markets, emphasizing that this provides opportunities for the Qatari and Emirati private sectors to cooperate in fields such as renewable energy, manufacturing industries, logistics services, food security, tourism, digital technology, and artificial intelligence.
The QC Chairman expressed hope for long-term strategic partnerships focused on innovation, digital transformation, and sustainability, aiming to diversify the Gulf economy and boost global competitiveness. He emphasized that the meeting marks a step toward creating an open, integrated environment for investors, fostering knowledge exchange, and overcoming challenges to economic growth.
Abdullah Al Owais affirmed that the advanced economic relations between the two nations reflect the depth of the fraternal ties between them, praising the efforts of the wise leaderships in both countries to further develop trade cooperation.
He pointed out that Qatari investments in the UAE amount to about $1.36 billion (AED 5 billion), while the volume of direct Emirati investments in Qatar stands at nearly $7.9 billion (AED 29 billion) across a wide range of economic sectors. He noted that these partnerships encourage the private sectors in both countries to explore new opportunities and focus on key areas for cooperation, such as food security, healthcare, infrastructure, and technology, among others.
Al Owais praised the collaboration between the Federation of UAE Chambers and Qatar Chamber as a model for enhancing private sector growth and trade. He urged more joint business meetings and commended HE Sheikh Khalifa’s leadership at regional and international levels for strengthening economic cooperation.
During the meeting, Qatari representatives from Invest Qatar, the Qatar Free Zones Authority, and Qatar Development Bank showcased Qatar’s business environment and investment opportunities. The UAE Ministry of Foreign Trade outlined the UAE’s dynamic investment landscape and its growing appeal to global investors.
