100 Omani firms seek investment in  Qatar

Over  100 participants in the second edition of the Omani Products Exhibition (OPEX) in Doha are looking to establish partnerships with local businesses to set up factories in Qatar, said Qatar Chamber vice-chairman HE. Mohamed bin Twar in a press statement issued by the Chamber on Wednesday.

The exhibition was inaugurated by H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani, Minister of Economy and Commerce, and H E Dr Ali bin Masood bin Ali Al Sunaidi, Minister of Commerce and Industry of Oman at the Doha Exhibition and Convention Centre (DECC).

The three-day expo, held under the patronage of the Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani, showcases a wide range of products, including food, garments, construction materials, industrial goods, furniture and furnishings, electrical and electronics products, health and medical products, textiles, leather goods, fertilizers, cosmetics, incense, plastics and industrial machinery, industrial equipment and tools, among others

The expo, which is scheduled to conclude today Thursday 28 Sept, was organised by Qatar Chamber, Oman’s Ministry of Commerce and Industry, Oman Chamber of Commerce and Industry (OCCI), Oman’s Public Establishment for Industrial Estates (PEIE) and Oman’s Public Authority for Investment Promotion and Export Development (Ithraa).

Bin Twar said the exhibition saw a large turnout from Qatari businessmen and companies representatives who were eager to get acquainted  with Omani products. He noted that it will be a great help to enhance bilateral cooperation with Qatar and Oman, assuring that all obstacles that might hinder expanding their trade exchange were addressed during a meeting of  the Qatar-Oman Business Council held  ahead  the expo.

Qatar’s market strongly welcomes Omani products and Qatar Chamber helped Omani businessmen to facilitate their investments in Qatar, he added.

He underscored the importance of cementing the economic and trade ties with Omani side and reiterated the Chamber’s interest to create further cooperation in business and investment with Omani businessmen.

It is worth mentioning that Qatar and Oman have signed a number of agreements and MoUs to expand and enhance bilateral cooperation.

The volume of trade exchange between Qatar and Oman in 2016 was about QR2bn, which is expected to grow exponentially in the coming years. Oman is the 25th trading partner of Qatar.

The Qatari market has 350 joint Omani-Qatari companies engaged in contracting, engineering, services and industry. Omani product were traded in Doha previously, but over the last three months trade relations between the two sides are witnessing sharp growth.

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