Qatar’s QBA explores ways to boost cooperation with Korean Chamber

By Shilpa Annie Joseph, Official Reporter
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The Qatari Businessmen Association (QBA) has discussed ways to strengthen cooperation with the Korean Chamber of Commerce and Industry (KCCI).

QBA welcomed KCCI executive vice-chairman Mr. Woo Tae-hee and his accompanying delegation representing top South Korean firms, such as Samsung Heavy Industries, Hyundai Engineering and Construction, Bioneer Corporation, and Samjin Precision.

The visit of the South Korean delegation aims at studying the needs of the Qatari market, discussing opportunities for partnership, and identifying value-added services that South Korean companies are offering.

During the meeting, HE Sheikh Faisal bin Qassim al-Thani, Chairman at QBA, has stressed the need for Qatari and South Korean sides to co-operate, “especially now when everyone, such as the private sector, is eager to re-activate the production and innovation cycle.”

Further, he highlighted the importance of exploring chances for collaboration, noting that Qatari businesspeople are interested in researching investment prospects in the South Korean market and discovering methods for Qatar to benefit from South Korea’s technology and innovation.

For his part, Mr. Tae-hee said Qatar-South Korea bilateral cooperation “needs to expand” and include various sectors to achieve mutual benefit.

He extended his gratitude to HE Sheikh Faisal and QBA members, pointing out the interest of South Korean companies in the Qatari market. He said this is the second visit of KCCI to Qatar. He also lauded the development in Qatar since KCCI’s first visit in 2015.

QBA and KCCI have also agreed to form a small working group made up of people from both organizations to follow up on initiatives and explore possible partnerships.

QBA’s first deputy chairman Mr. Hussein Alfardan noted that Qatar is capable to be an ideal gateway to the global market, emphasizing the readiness of the private sector and Qatari businessmen to partner with their counterparts in South Korea and lead successful engagements.

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