The Qatar Chamber (QC) has signed a memorandum of understanding (MoU) with the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in order to establish the Qatar-Iran Joint Business Council.
Following the signing ceremony, the new council held its first meeting at the Chamber’s headquarters.
Speaking at the meeting, QC Chairman Sheikh Khalifa bin Jassim Al Thani praised the formation of the joint business council, noting that “it consists of several prominent businessmen from both sides from various economic sectors.”
The new council intends to improve cooperation relations between Qatari and Iranian businessmen and help them explore investment opportunities available in both friendly countries.
“Both sides are keen on developing economic and commercial relations and promoting the two countries’ trade exchange, adding that there are plenty of opportunities to boost co-operation between the Qatari and Iranian private sectors in a range of fields, such as agriculture, industry, trade, infrastructure, and food security, among others. The State of Qatar is a leading global destination for business and investment. It offers world-class infrastructure, stimulating economic legislation, and an attractive investment climate, in addition to the incentives offered for foreign investors according to the Investment of Non-Qatari Capital in Economic Activity, which offers foreign investors a set of facilities and incentives.”
Furthermore, Sheikh Khalifa stressed the positive role of the private sector in developing the two countries’ trade volume by boosting cooperation between Qatari and Iranian companies, especially in light of the available potential on both sides and geographical advantages.
Mr. Gholam Hossein Shafei, President of ICCIMA emphasized the positive role of the private sector in developing the two countries’ trade volume by boosting cooperation between Qatari and Iranian companies, especially in light of the available potential on both sides and geographical advantages.
The ICCIMA President also pointed to the importance of enhancing cooperation between both countries’ chambers through the joint business council to encourage the establishment of mutual investments and promote trade volume.