The Qatar Chamber (QC) has held the Qatari-Hungarian Business Meeting, co-chaired by Mohamed bin Mahdi Al Ahbabi, QC Board Member, and Viktor Dombi, Chairman of the Middle East and North Africa Region at the Foreign Economic Affairs Committee of the Hungarian Chamber of Commerce and Industry.
Qatari-Hungarian Business Meeting focused on enhancing trade and economic relations between Qatar and Hungary, as well as exploring potential areas for cooperation and partnership between Qatari and Hungarian business communities, particularly in the sectors of construction, building materials, interior design, 3D architecture, smart furniture, digital architecture. HE Eng. Ali bin Abdullatif Al Misnad, QC Board Member, also attended the meeting.
Mohamed Al Ahbabi affirmed that the State of Qatar and the Republic of Hungary enjoy well-established relations across various fields, particularly in the economic and commercial domains. At Qatari-Hungarian Business Meeting, he noted that the volume of trade exchange between both countries reached about QR 375 million in 2024, highlighting the presence of several Hungarian companies operating in Qatar across diverse sectors, as well as the existence of numerous agreements signed between both nations in various fields.
The QC Board Member stressed on the strong potential for private sectors in both countries to boost cooperation through trade and investment partnerships that advance mutual economic goals and expand bilateral trade. Highlighting opportunities in engineering, design, and construction, Al Ahbabi said Qatar’s modern laws, world-class infrastructure, and investor incentives have created a thriving investment climate. At Qatari-Hungarian Business Meeting, he invited Hungarian businesses to tap into Qatar’s opportunities in industry, food security, tourism, renewable energy, technology, and logistics.
HE Eng. Ali Al Misnad affirmed that the Qatar Chamber welcomes cooperation between Qatari business owners and their Hungarian counterparts, noting the mutual interest of both sides in further developing their relations and expanding cooperation across various sectors, which will contribute to enhancing mutual investments and stimulating the volume of trade exchange.
Viktor Dombi affirmed that Qatar has become a regional model of innovation and sustainability, praising the role of the Qatar Chamber in strengthening cooperation with the Hungarian Chamber of Commerce and Industry and in promoting relations between the Qatari and Hungarian private sectors.
Dombi underscored the vast potential for cooperation between companies from both countries across multiple sectors, reaffirming Hungary’s commitment to seizing opportunities and addressing any challenges to their growth. He voiced support for initiatives that strengthen Qatari-Hungarian partnerships in agriculture, fintech, cybersecurity, artificial intelligence, cosmetics, medical tourism, water management, and research.
