Qatar Chamber held a meeting with trade delegation from Czech led by Minister of Foreign Affairs Tomas Petricek in the presence of many businessmen and companies’ representatives from both sides.
The meeting reviewed cooperation between both parties in trade and economic fields as well as the role of the private sector in activating trade exchange and mutual investments.
Qatar Chamber Chairman Sheikh Khalifa bin Jassim al Thani said that Czech Republic is an attractive investment destination for the Qatari private sector. Qatari investors are eager to explore the investment opportunities available in Czech Republic to build economic alliances and establish joint projects in both countries.
Sheikh Khalifa said trade volume between Qatar and Czech has registered a 28% growth in the last five years reaching $177 million in 2018. There are six Czech-Qatari companies operating in Qatar in various sectors including services, hospitality, sports consultancies and food stuffs, he added.
“Qatar has managed to build one of the world’s strongest, fast-growing economies which is able to overcome all regional and global challenges through adopting sound economic strategies aiming at diversifying income resources and providing support for the private sector,” he noted.
The QC chairman stressed that measures adopted by the Qatari government, which included legislative reforms such as Free Zones Law and Non-Qatari Capital Investment Law, contributed to increasing the competitiveness of national economy.
Qatar has built an active and attractive investment environment through developing its infrastructure and providing incentives that attract investment in all sectors, he pointed out, assuring that the scope is open for Czech companies to avail the business climate and investment opportunities available in Qatar.
He called on Czech companies and businessmen to boost their joint cooperation and set up alliances and partnerships at all economic sectors with their Qatari counterparts.
QC First Vice Chairman Mohamed bin Ahmed bin Twar al Kuwari, Vice President of Czech Chamber of Commerce Borivoj Minar and QDB CEO Abdul Aziz al Khalifa attended the meeting.
Petricek said his country is interested to strengthen cooperation with Qatar in all economic fields and attract more foreign investments.
He noted the visiting delegation included representatives of 20 Czech companies specialised in tourism, lightning technologies, communication, financial services, real estate, energy and environment management. Czech is located in distinct position in Europe. It is a large market linking European Union, he added.
He also noted that Czech sought to offer innovative projects that attract more investments, especially that it is known for its products of high quality. “This forum provides a good opportunity for further cooperation between both parties in trade, investment and touristic and economic spheres.”
Mohamed bin Ahmed bin Twar al Kuwari said Qatar’s infrastructure is posed to receive more foreign investment particularly in industry and technology.
Vice President of Czech Chamber said Czech chamber includes 16,000 members which contributed to over 60 percent of the country’s GDP, noting that his country is interested to increase its exports to Qatar from automobiles and electric and communication devices.