The Qatar Chamber (QC) and the Iran Chamber of Commerce, Industries, Mines & Agriculture (ICCIMA) signed on Monday at the Chamber’s venue a memorandum of understanding (MoU) to establish the Qatar-Iran Joint Business Council.
The agreement was signed by QC Chairman HE Sheikh Khalifa bin Jassim Al-Thani and President of the ICCIMA HE Gholam Hossein Shafei.
Following the signing ceremony, the new council held its first meeting at the Chamber’s headquarters.
Speaking at the meeting, HE Sheikh Khalifa praised the formation of the joint business council, noting that it consists of a number of prominent businessmen from both sides from various economic sectors.
The new council aims to enhance cooperation relations between Qatari and Iranian businessmen and help them explore investment opportunities available in both friendly countries.
Sheikh Khalifa stressed the positive role than can be performed by 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 the close geographical convergence between them.
In turn, HE Gholam Hossein Shafei stressed the Iranian side’s interest to bolster commercial cooperation with Qatar, noting that there is giant potential for cooperation between both parties.
Shafei also pointed to the importance of enhancing cooperation between both countries’ chambers through the joint business council to stimulate businessmen from both countries to establish mutual investments and promote their trade volume.
Following the meeting, the Qatar-Iran Business Meeting was held in the attendance of Deputy Minister of Trade Industry and Mine and Head of Iran’s Trade Promotion Organization (TPO) HE Alireza Peyman Pak, as well as many Qatari and Iranian businessmen and representatives of companies from both countries.
Addressing the meeting, HE Sheikh Khalifa said the two countries’ bilateral trade grew by 34 percent from QR 578 mn in 2020 to QR 777 mn in 2021 despite the repercussions of the Covid-19 pandemic, noting that there are many Iranian companies operating in Qatar with Qatari partners in numerous sectors such as trade, services, maintenance, and energy.
HE Sheikh Khalifa indicated the common will and interest of both sides towards developing economic and commercial relations and promoting the two countries’ trade exchange, adding that there is plenty of opportunities to boost cooperation between the Qatari and Iranian private sector in a range of fields such as agriculture, industry, trade, infrastructure, food security, and 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 offer foreign investors a set of facilities and incentives.
QC Chairman called on Iranian investors to invest in Qatar, stressing the strong desire of Qatari companies to strengthen cooperation with their Iranian counterparts and forge new commercial alliances and partnerships in all sectors.
For his part, HE Alireza Peyman Pak said there is a strong desire from the Iranian side to develop relations with Qatar in all commercial and industrial fields, noting that there is a common will from both sides to overcome all obstacles facing businessmen from both countries.